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.