Background Information About Neteller Casino Sites
Neteller is an electronic payment method which enables you to make deposits and withdrawals at casino sites. It is one of the most popular ways of making online payments today, as it is easy to use, secure and fee free at the point of purchase.
The history of the service is a complicated one, as is often the case with these kind of financial services companies. The original company was set up in Canada in 1999, where it operated successfully for many years. By 2006, its revenues had reached around $240 million and it was expanding its service year on year. However, most of its income was derived from processing online payment services to casinos: indeed, close to 95% of its revenue was derived from fees charged for transferring funds to and from online casinos, mostly within the United States.
This became a real problem in 2007 when the regulations regarding online gambling in the US were suddenly tightened. The company’s main source of income was immediately strangled, especially as its customers’ accounts were frozen by the new regulations. Revenues collapsed, so that by 2010, only around $60 million was achieved.
The company took several radical steps in order to rectify this situation. Firstly, it exited the United States altogether, relocating to the Isle of Man. It also attempted to diversify from its reliance on casino funds. This has indeed been partially successful: revenues had recovered to $365 million for the year ending December 2014. Today, Neteller is indeed a more generally accepted form of online payment – it is accepted by many, if not most online casinos. Nevertheless, it remains a very popular way for casino customers to make their payments, especially in the United Kingdom based market.
The company has continued to be part of various takeovers and changes in ownership in subsequent years. After a series of industry consolidations, it is now part of the same group as its former rival Skrill, and owned by Paysafe Group, operators of the pre-payment service Paysafecard.
Why Should I Join Neteller Slot Sites?
The reasons Neteller’s popularity are many. Perhaps most importantly, it is really easy to set up. It’s free to register and all you need to do is provide your e-mail address and fill out a simple form. This requires you to give some very basic personal details like your address and date of birth. There are then a few security questions for you to provide the answers for. These are simple questions where you provide your own answers. These are then used to verify your identity in the future if you need to contact the company.
To operate the account, you need to load it with funds via your credit or debit card, or directly from your usual bank account. While there are no charges when you use your Neteller account to make a deposit at a casino, you can be charged when loading your account with funds. The fees vary according to the method chosen. Fees are also charged for withdrawing funds, so by far the cheapest way to get access to your funds is to spend them fee free!
Using Neteller to make payments has several advantages. It is quick and convenient: you don’t have to spend time fumbling for credit card numbers or CVC security codes for a start. You just log in to your account, and after a couple of taps or clicks it’s done. This is particularly useful if you are trying to pay for something by mobile.
The added security involved when using your Neteller account is also worth considering. Because you don’t have to disclose any of your personal banking details, this means the casino will never see your bank details. Your personal data cannot be hacked or stolen: again a useful extra security measure if you are buying using your mobile over public Wi-Fi network.
Another factor to consider is the confidentiality of the service: your purchases will not appear on your bank or credit card statement. Instead, you can review your transaction history online and check your account status whenever you want.
With Neteller, you can pay make withdrawals and deposits, transfer money to anyone across the world who has an e-mail account. If they don’t already have an account, they’ll receive an e-mail inviting them to set one up so that they can access their money. You can also access your funds wherever or whenever you want. An app is provided for smartphone users.