For online money transaction Neteller is one financial authority for this purpose. It is run by British company name Optimal Payments PLC. It is established in 1999 in Canada and then transferred to UK in 2004. After that it has been in contract with Stock Exchange of London ever since. It has been accused for illegal online money transaction for gambling by US judicial department. Many people got detained because of this accusation including two leaders and stakeholders. Because of this entire scenario Neteller has stopped its working in US and got into agreement with authorities.
At first the basic purpose was to deal with online credit and debit card transaction and used automated feed of telephone. Nowadays the services offered by Neteller include:
Neteller is governed by United Kingdome FSA which ensures reliability and security for transaction. The e-Wallet service offered by Neteller is popular among gambling industry. It provides services in more than 160 countries for transaction of money for online gaming. The gamers are also facilitated by Neteller by being available on their website.
The business runs by Neteller in many currencies like Euro, US Dollar, Pounds etc. The transactions in e-Wallet can be made by many methods like Visa cards, account transfer etc. Other ways can also be used like Giropay, Direct Pay etc. This e-Wallet can serve for multiple purposes like gambling, online money transfer etc.
Neteller keep all deposits is separate accounts and provide full security to clients and money. The funds in Neteller are not consumed by company for other needs like operations. You can draw funds easily through transfer or checks etc.
The most advance service offered by Neteller is Net+ cards. They have won price for their quality in payments in 2009. For this service two cards are issued. These cards work in association with Master Card. The biggest benefit of this service is that card is for one time use only. This feature of card helps to avoid stealing of identities unlike debit card or credit card. Even if somehow the card is stolen or server is hacked still the information of client and his funds are secure. The reason is because the number on the card is for one time use only. This unique service has given a lot of praise to Neteller recently.