Neteller is among the transaction methods that have been established of late. The headquarters of Neteller are located in the Isle of Man. The regulations followed by Neteller are those of the United Kingdom. This transaction method kicked off immediately it was established. It has been growing at a fast rate and is retaining the loyalty of its clients at a high rate, as a result of the high quality services offered.
Neteller was established in 1999. Five years later, the company began trading on the London Stock Exchange. As a way of starting another chapter, in 2008 Neteller decided to change its name to Neovia Financial PLC. 2007 had created a bad image for the organization with negative publicity that was making it lose clients. Two of the company’s officials were put behind bars with accusations of having taken cash that promoted illegal gambling activities. Moreover, major clients of the organization were also arrested in the course of this operation, making it incur huge losses as most of its services wee crippled. As if that was not enough, Neteller was compelled to leave the American market, losing it even more clients. In July this organization reached an agreement with the American Department of Justice to stop the prosecutions, as the institution will not serve clients from America any longer.
The Neteller is a big financial institution with a large customer base. However, there are three main financial ways offered by this transaction method, which include Neteller e-Wallet, Netbanx Gateway and Net+ debit cards. This institution also owns a large share of the POLi bank payment service. Netbanx is an institution that is involved in debit and credit cards. This institution was initiated in 1996. It was later amalgamated with Neteller after its formation in 1996. The credit and debit cards are used online in telephone and other automatic channels. This service has most of its clients in the gambling industry. Its services are offered in more than 160 countries. The services that are offered by this institution are of high quality and above reproach. Services of the organization are regulated by the Financial Services Authority of the United Kingdom. All transactions carried out by this institution are also guaranteed to be of the highest quality available.
There are a lot of advantages attributed to using this method for the purpose of cash transaction. One of them is the ease with which you can access this service. People who are looking to become members of this card can just sign up on the website of this company. The procedure for registering is a simple process that can be followed easily. Neteller also accepts at least 20 currencies. Some of the currencies accepted are the Euro, the US Dollar and the British Pound.
In addition, Neteller e-Wallet has a variety of means by which it is funded. Major methods used include Giropay, Ukash, DirectPay 24, POLi and Ideal. There are some transaction methods that are either not allowed in some countries, or not used in general. Furthermore, these transaction methods are dependent on a particular country and its regulations to control these payment methods. This method receives a wide application among several people as it can be used to pay for a variety of online transactions, including wagering of bets and also receiving wins. Many clients using this transaction method are involved in online casino gaming. Neteller was responsible for the Net+ card that won the award for 2009 repaid cards at Cards and Payments Europe. This card was launched in 2008 and is used only once. Even if hackers get the number of the card it is useless, as it is only used once. This has helped to curb blackmail using cards.