Neteller Avoiding Digital Currencie

Neteller recently revised their customer terms of service agreement to ban the use of digital currencies. The revision was definitely due to the rising popularity of bitcoin. The official revision says that customers cannot use Neteller to “facilitate the trade, exchange, purchase or sale of bitcoins, or any other virtual currency.”

Neteller is a leader in online payment processing but they have avoided taking any risks after what happened some years ago when they were forced out of the U.S. market. Neteller is now getting back into the U.S. market and they want to avoid anything that could cause them problems. Neteller processes billions of dollars in transactions each year and they have been a very popular payment processor for online gaming customers and businesses.

Neteller will likely be waiting on governments around the world to accept bitcoin. That may take some time but bitcoin continues to grow in popularity around the world. Neteller would have been a popular option for players who wanted to use bitcoin but for now that option is unavailable.

Neteller is now used in more than 200 countries. The company was founded in 1999 and is operated by Optimal Payments Limited which is a subsidiary of Optimal Payments Plc. Millions of people around the world use the Neteller e-wallet to send and receive money and make purchases.


 

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