Is Neteller a Safe Payment Processor?

Neteller is an online payment provider, allowing their clients to send and receive money over the Internet. The United Kingdom's Financial Services Authority regulates Neteller. Signing up for an account with Neteller is easy and free. Clients can load money into their Neteller account by means of a bank account, credit card, debit card or other options available in various countries.

Neteller works in the same fashion as PayPal in that clients can use their accounts to pay for services or merchandise as well as receive payments from other people. Some people find Neteller accounts and other services like Neteller to be safer than a regular bank. Neteller has more than 100% of the total amount of client deposits held in a trust account separate from their own operating fund. They are essentially able to pay out all cash immediately if it were so required.

Neteller is a branch of Neovia Financial PLC, located on the Isle of Man and is a main provider of online payment options for gambling websites. Because of Neteller's association with gambling companies, the United States Department of Justice filed a complaint against them and several other advertising and payment companies that had been working with gambling sites. As the U.S. government was working to prohibit online gambling, Neteller did away with offering online payment to the gambling websites.

Security protection methods for clients using Neteller are comprehensive and state-of-the-art. Encryption technology that is used by data centers to maintain their security is just the beginning of security features at Neteller. Data classification, firewalls and identity verification measures are everyday practices.

128-bit encryption ensures the connection between the client's machine and Neteller's web server is totally secure. If you are inactive on the Neteller site for more than 15 minutes, you are automatically logged out. This safeguards people who routinely forget to log out before closing the window.

Neteller facilities, servers and network are all protected with several layers of security. Your dart is safe from malicious attacks and viruses as well as damage from fire and flood. Access control measures such as video surveillance and security guards control access to the sensitive information housed on the servers so you can relax knowing that everything possible to secure your financial information is taken care of.

As with every form of online payment, criticisms of Neteller policies abound. For instance, when Neteller was offering payment options to the gambling sites, there were several complaints about Neteller not refunding money. Certain clients were claiming that Neteller allowed someone unauthorized to make withdrawals from their account. Frequently, these complaints are unfounded as the client has used the money to gamble with and subsequently lost all of their money.

Neteller has been an industry leader in terms of social media marketing. Their blog, posts on YouTube, tweets, and FB group all make Neteller a standout in the online payment services industry. Even their website offers a ShareThis button so clients can post to more than 30 social networking sites. The website ecommerceandpoverty.info has much more information about ecommerce services including Neteller.