Neteller is a popular and reliable Canadian online money transfer service. It allows for money transfer to and from merchants, including online casinos. Users can also transfer funds to their bank accounts or make withdrawals using the Net+ card.
Neteller currently has more than 23 million active users in over 200 countries spread across the world. Its services are available in 15 different languages, and it accepts more than 26 other currencies to cater to the international market. The company has about 300 skilled employees, with Lorenzo Pellegrino as its CEO.
Deposits and withdrawals made through Neteller can be subjected to certain fees. However, there are no fees charged for account maintenance and access to services. Neteller also does not charge any dormancy fees. The two main industries that utilize Neteller’s online payment services are online casinos and forex brokers.
That is because of the relatively low costs attached to the payment services for all the involved parties. The ease of use, international availability, and security of the payment method also help a lot.
Neteller started processing online gambling transactions back in 2000. At the time, up to 95% of its revenues were from the funds transferred to online casinos and, it is currently still among the top casino payment methods.