Neteller has been around the e-currency industry for close to two decades now, having begun its operations in 2009. It was an early entrant into the online gaming world, with 85% of the entire world's online gaming companies using Neteller to process payments, from as early as 2000. The platform remains popular to date.
Petroleum sector has dominated Venezuela’s economy for a long time and it accounts for roughly 80 percent of the country’s exports. In the country, gamblers are allowed to legally place live online bets through the licensed websites. However, only two gambling companies are licensed to operate online casinos, something that influences people to opt for foreign sites.