Online Gambling Payments Pioneer NETELLER Snubs Bitcoin
NETELLER, a digital payments service based in the Isle of Man, has revised its customer terms-of-service agreement to explicitly prohibit the use of digital currencies. Founded in the late 1990s and owned by Optimal Payments PLC, NETELLER offers e-wallet and digital money transfer services, with a heavy focus on the online gambling market. Both companies are headquartered in the island's capital, Douglas. NETELLER processes billions of dollars in financial transactions every year, and was an early pioneer in the online gambling payments sector. In 2005, the company provided payment....
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Neteller has just enabled Bitcoin deposits. Neteller is an e-money service owned and operated by the British global payments company – Optimal Payments PLC. NETELLER services allow customers from over 200 countries to transfer money to and from merchants, such as forex trading firms, social networks, or online gambling firms. Neteller also allows customers to withdraw funds directly from their accounts using the Neteller card or transfer their balance directly to their own bank accounts. It was just a few days ago that Optimal Payments, owner of the Neteller brand, announced they were....
In a surprise move, e-wallet provider and payment processor Neteller quietly started to accept bitcoin deposits at zero fees via BitPay. Neteller customers will now be able to top up their accounts by exchanging Bitcoin via Bitpay which enables Bitcoin conversion into e-currency, the e-currency is then deposited into the Neteller stored value account into one of the currencies offered by Neteller. Neteller, owned and operated by publicly traded British global payments company Optimal Payments PLC, is used by millions of consumers in more than 200 countries and especially popular in the....
Global payment network solution NETELLER recently announced to incorporate Bitcoin deposits to its services, a step that is likely to expand digital currency transaction services throughout the world. According to a press release published by the Optimal Payments Plc, the group behind the NETELLER services, the company entered into the partnership with popular Bitcoin payment processing platform BitPay. The deal spontaneously enables NETELLER users to top up their fiat accounts in exchange of Bitcoin, without worrying too much about the latter's volatility. According to the available....
Several online gambling news websites have recently reported that two payment processors, Skrill and Neteller, will block prepaid MasterCards in more than 100 countries on November 25, a move that could drive gamblers in the affected countries to use bitcoin. Skrill and Neteller, owned by PaySafe Group, sent emails to customers saying they will only service prepaid MasterCards in SEPA countries. Players Advised Via Email. Pokernews.com published a copy of the email sent to Skrill customers, which stated that it will no longer offer Skrill prepaid MasterCards in the recipient’s country.....
Though gambling is big business, online gambling is still not as significant as it could be. Its proportion hovers around 10% currently. However, over the last a couple of years, online gambling have emerged as a popular choice among people – this has been approved as well by research company H2 Gambling Capital. According to the organization, the online gambling market in terms of gross winnings, put the global market value at €21.73bn ($28.54bn) in 2012. Interestingly, since the emergence of Bitcoin, the total value of online gambling is expected to increase multifold. It’s also true....