NETeller Payment Method and Casino Connection

Moreover, the payment methods do not serve the online casino industry solely. While some were originally designed to serve online casino gamblers, most were not intended for this specific purpose originally. As a matter of fact, they are often widely used across industries. The only thing uniting them is their service of transferring money online. At the same time it should be noted that the online casino industry often takes a major portion of their business.

A notable among these payment methods is NETeller. Until today it has reached its fame and good reputation for serving millions of members and thousands of merchants, many of them of the online casino industry. In fact, NETeller has become, much thanks to online casino business but not to it alone, one of the worlds largest money transfer businesses. Winning awards over the years, NETeller has enjoyed growing popularity.

But today, the e-wallet company announced that two of its former directors and founding members, Stephen Lawrence and John Lefebvre, both Canadian, were detained in the United States. It is not clear what the case against them is (the two have no connection currently with the company or with the online casino business), and US authorities did not explain their move either. It has been stated by the company that the recent law against online casino sites would affect the company's operations "fundamentally." The last year has seen a dramatic fall in the share value of the company, and the latest developments have confused matters even further.