Neteller Adds Bitcoin Deposit Option in Surprise Policy Reversal
This piece has been updated with additional information and comment from Optimal Payments, the parent company of Neteller. Payments processor and prepaid card provider Neteller has added a bitcoin deposit feature. A representative for Neteller confirmed the deposit feature when contacted for comment, telling CoinDesk it may be officially launched as early as tomorrow. The move is an apparent reversal of policy for Neteller, which previously revised its terms of use policy to explicitly prohibit the "trade, exchange, purchase or sale of bitcoins, or any other virtual currency". Users of the....
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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....
One of the major announcement in the Bitcoin world came from an unlikely ally, as Neteller, a leading online payment processor, enabled the virtual currency as a payment method last year. Bitcoin users can fund their Neteller account with virtual currency, and spend it on any website where this payment method is accepted. Just recently, Neteller has lowered the Bitcoin deposit fees from 5% to 1%. From a financial perspective, Bitcoin opens up a lot of opportunities due to its frictionless and nearly instantaneous nature of sending payments around the world. Anyone can send money to anyone....
Launched in December 2014, Austrian start-up Bitcoin marketplace Coinimal has become the first Bitcoin business to add Neteller as a payment option. The deal which finally closed after months of negotiation will enable customers to buy Bitcoin and other cryptocurrencies with the support of the world's largest independent money transfer business. Coinimal's CEO Paul Klanschek said, "In my opinion NETELLER decided to do this pilot project with us because they feel that we are the most sophisticated, serious Bitcoin gateway in the world, and our compliance is stellar. We are extremely proud....
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....
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....