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NETeller Processes More Online Casino Transactions Than Ever

NETeller is still on top of its game, as evidenced by the online casino payment processors third quarter earnings for 2005.  Quite impressive was Neteller's increase in revenue from 2004's third quarter earnings by over 100%.  And despite what the company called a slow month in August, a net income of approximately twenty-three-and-a-half million dollars showed for a fifteen million dollar gain from a year ago.

NETeller has undoubtedly become the internet's largest e-cash commerce processor for online casinos and internet gaming sites in the last five years.  After the ban on credit cards for American players, NETeller became the most viable and secure alternative deposit method that online casinos were offering free to their members.  The company still continues to be the best option for players, signing up close to 3,000 new account holders each day.

Keeping up with thid high demand has been challenging for NETeller - as it has also been for the online casinos taking real money wagers.  However, they have done a superb job in meeting this demand.  Not only did the company acquire a new IT Platform recently, they are now in the process of finalizing an acquisition of England's NetInvest, which equates to NETeller now having the technology to process all of their account holders (including online casino players) financial transactions, rather than disbursing them to third parties.

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