Summing up Aspire Global Casinos accepting Neteller by Aspire Casinos
A Look into Neteller Casino Sites
Neteller is an electronic payment service. It is popular with players at online casinos and is therefore provided as a payment option by most of the main operators, including Aspire casinos. It is quick, convenient and payments made using the service are fee free.
The company behind Neteller was originally founded in Canada back in 1999. It was particularly popular as a means of funding players’ online gambling and the majority of its revenue was obtained from the funding of activity in the online gaming industry. In these early years, the service was processing payments for the vast majority of the worldwide online gambling operators, with around 95% of the company’s revenue at that time resulting from funding players payments to online gaming firms. The majority of these deposits were from players within the United States. .
However, the tightening of online gambling regulations the US in the early years of the 21st Century saw the company lose millions in revenue as players found their accounts frozen while the legality of gambling in the United States was decided.
Gambling has always been a controversial issue in America and legislation within the US continues to be some of the strictest seen anywhere in the world. The federal nature of the way government works in the United States means that certain individual States can pass their own more liberal laws and regulations. The most obvious example here is the State of Nevada, where the US gambling capital of Las Vegas is situated.
Although most of the frozen funds were restored some years later in 2007, the damage had been done as far as Neteller was concerned, Revenues fell from a high of just under $250 million in 2006 to just $60 million in 2010.
As a result of all the controversy and adverse legislation, the company moved its business to the Isle of Man in 2004 and began to focus on the more compliant United Kingdom and European markets. This has enabled it to restore itself to relative financial health.
However, this too has come at considerable cost. As a result of its financial weakness, the original company became a target for its rivals. A complex series of financial mergers and restructures meant that the ownership of Neteller was acquired by Optimal Payments PLC. In 2015, the group was further expanded by its acquisition of its United Kingdom based rival Skrill. The original parent company is now known as Paysafe Group, named after its pre-payment card service, Paysafecard. The Paysafe Group itself has also been subject to a takeover, and is now owned by a consortium of corporate investors including the Blackstone Group and CVC Capital Partners. This new arrangement is as a result of a £3 billion buyout in August 2017.
Despite all these corporate shenanigans, the original Neteller name and electronic payment method remains in use to this day. The service continues to be a popular way for UK and European players to fund their online gaming and continues to derive a significant proportion of its revenues from this business.
Neteller acts as on electronic wallet, storing funds for you to use when playing at casino sites. It’s free to set up – all you need is a valid e-mail address. You then link this address to your credit card, debit card or bank account, which can then be used to fund the account. But there are loads of other ways to fund your e-wallet too, such as Paysafecard, iDeal, boku Pay by Phone or even bitcoin.
It is worth noting that fees and commissions can be charged when making a deposit to your account, so check this out beforehand to ensure that you are aware of any charges involved. There are no fees or charges for paying for things online via Neteller. Just look for the logo when you check out.
You can also use Neteller to make money transfers. This can all be done simply by e-mail. Even if the recipient does not have an account, it is easy (and free) to set one up. They are sent an e-mail which informs them that their money is available and gives instructions as to how to set up their own account and withdraw the cash.
Neteller is compatible with any kind of internet enabled device. Desktop PCs, Macs, laptops tablets and smartphones can all be used. Payments made using your mobile can be made even smoother by using the service’s app.
Recent years have seen an increase in UK Government restrictions designed to prevent fraudulent transactions and money laundering. This has caused a knock on effect on electronic payment services, making it more difficult to verify your identity when opening a new account. This seems to be behind the recent upturn in dissatisfied ratings on service review sites like Trust Pilot.
While this situation is worth keeping an eye on, Neteller is a reputable service which is fully authorised and regulated by the UK Government’s Financial Conduct Authority. Neteller also holds its service users’ funds in a separate trust account to further protect your hard earned cash.
So with access to the markets of over two hundred different countries, the ability to make deposits in twenty six different currencies and the backing of the Financial Conduct Authority you can be sure that using Neteller is simple, safe, secure and convenient. It is also always available for you to use on Aspire powered casinos.