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Simplifying the Payment Process

The online casino gambling industry can take heart that Neteller has successfully simplified the payment processing side of the industry. Transactions between merchants and consumers through the internet have encountered issues in the past couple of years because of high fees to authorize transactions through the bank as well as delays related to the authorization process. With fraudulent activity on the rise all around the world and identity theft a real concern for gamblers venturing to the online casinos or even those just looking to participate in ecommerce, the new paperless Direct Debit services from Neteller provide a needed service to the industry.

Neteller has spent the past year reinventing the company and forming strategic alliances with other banking and transaction processing companies as a way to offer a whole new form of e-payment services. The result is the improved Neteller Payment Suite equipped with Netbanx technology that allows merchants to accept payments instantly. The announcement of Direct Debit services now means that merchants and online casino gambling companies can process direct debit transaction paperwork in less time (six whole days less) than the traditional process. Plus, the Neteller process has been streamlined to eliminate errors on the part of the merchant – something that was a real problem previously.

Basically, the whole process has been simplified and the online casinos and ecommerce merchants can service their clients much faster than previously. The service is specifically for the UK market at this point, so although Neteller offers e-wallet services to the international online gambling industry the new direct debit options are localized at this point.