Neteller Booming with Industry

Published July 21, 2006 by OCR Editor

Neteller online payment system that facilitates much of the financial transactions in the online gambling industry, has announced great financial results. Neteller is booming in line with the industry.

Online financial processor Neteller currently has a customer base of 3 million in 120 countries, with a daily average signup rate that has increased by 19 percent to 3 251. Much of this activity is related to the online gambling industry and these statistics were released by the companys headquarters in the Isle of Man.

Neteller facilitates much of the payment procedures for the industry, where many players do not like to use their credit cards and banking accounts. While figures are not clear as to how many of the new signups are gambling related, the number is thought to be quite high. The industry has been experiencing a booming two years and it seems that every industry related to this one is also experiencing some of the golden touch. From software providers to accounting systems, everything related to the industry is booming too.

Neteller is not only reliant on the specific industry alone but it has certainly played an important role in the development of its financial independence. Its future in general, and Neteller's in particular, looks bright. The question now on everyones tongues is how will the current legislation pending in the United States affect Neteller and other alternative payment systems for the industry?