Neteller – What is It and How Does It Differ From Skrill?

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If you frequent the online gaming circuit, you may have become aware of a number of digital payment methods. Meanwhile, these payment methods have exploded into the mainstream to replace traditional payment methods in recent years. It is Neteller. However, it has perhaps had the greatest impact having been founded over 23 years ago in 1999. Nonetheless, it remains one of the most popular, and trusted, digital payment methods for a growing number of customers using the William Hill platform. If you are curious as to what Neteller is and how it differs from Skrill, continue reading.

A Brief History

In 1999, Neteller was originally launched in Canada before relocating to the Isle of Man five years later in 2004. In the years since it has continued growing and developing to become one of the world’s most renowned digital payment methods. Meanwhile, it has the option to choose between over 26 major currencies. Interestingly, users can load money via over 40 methods in total with deposits occurring almost instantly. Users can make use of it to pay for various goods and services from a wide range of industries and sectors.

Meanwhile, users can also use it to transfer money from customer to customer with only a valid email address and password required. In 2003, Neteller announced the launch of what would become one of their most popular offerings in the form of the Neteller Card, or Net+. Then it was later rebranded in 2008. It has the virtual version of the card preventing fraud through a virtual card number as opposed to a fixed card number.

Its Impact on Online Gaming

In 2000 as the global online gaming industry was in its early days. Neteller emerged as one of the first digital payment methods to facilitate a staggering 85% of online gaming payments. This led to the company becoming a mainstay on a number of online gaming and sports betting platforms. This is due to its presence still relied on by a brand-new generation of online gamers today. In doing so, it has been compared to the digital payment method, Skrill.

Nevertheless, Skrill was launched just a year later in 2001. Meanwhile, it served the online gaming and sports betting markets for over 20 years. In an attempt to stand out from the crowd, however, Neteller VIP allows customers to benefit from a number of additional features. Also, it has some special perks including lower fees, cashback, and increased transfer limits. The most interesting part of it is that it has a prepaid MasterCard for Silver, Gold, Platinum, and Diamond members.

A Sign of the Times

It may have exploded into the mainstream as one of the first digital payment methods in 1999. However, as of 2022, Neteller has continued to keep up to date with emerging digital trends by offering a number of cryptocurrency services. If you are looking to buy or sell cryptocurrency, for example, Neteller allows its customers to buy cryptocurrency from more than 100 alternative payment methods. Also, as well as 28 currencies into Bitcoin and Ethereum with no additional third-party verification. The third parties include the case with traditional payment methods, required. It also provides a feature that allows customers to place recurring orders on a monthly basis without so much as having to sign in to do so.

In the online gaming world, Neteller has remained one of the most popular. Not only popular but also a trusted, digital payment method for over 20 years since its launch in 1999. It has been compared to competitor Skrill in the years since. But as a pioneer of the digital payment industry, users can still feel its substantial impact on the online gaming industry today. Also, its ability to keep up to date with emerging trends. Meanwhile, it is showing no signs of slowing down just yet.