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New E-Wallet Option: 1

Neteller gained international attention just two years ago when the United States passed the controversial ban on offshore online casinos and the majority of the e-payment processers and the internet gambling companies left the U.S. market. Neteller though ran into some complications because the company continued to offer US gamblers payment processing for internet gambling activities – a blatant violation of the UIGEA gambling ban. The US government retaliated and used Neteller to basically set an example. In the end the company paid more than 136 million in fines and is now very cautious to block all transactions between US gamblers and offshore online casino gambling sites. So although the US gamblers will not benefit from the new payment processing solutions form Neteller, the company has announced a new pre-paid credit card service.

Neteller is processes transactions between online businesses and consumers, giving the e-commerce users the ability to safely use online casinos and other sites that may have more questionable reputations. Neteller is still in the recovery process after the huge hit on the company’s business after exiting the US market. Additionally, the international online casino payment processing sector has far more competition and Neteller is in the business now of developing new technologies that will appeal to the consumers and also keep up with what is offered through competitors.

Neteller has secured a partnership deal with TransSend Payment Services and will now offer all of its current users the option of a prepaid MasterCard. MasterCard is the second largest credit card company in the world and online casino gamblers will now benefit from the security of the MasterCard name as well as the functionality of Neteller’s services and existing agreements with online casinos and other companies.