Remember Neteller?
At one time, it was a beautiful thing.
It's an e-wallet.
From about 2003-2006, nearly every online gambling (not just poker) accepted it, meaning it was very easy to move money between these sites.
In addition to very wide acceptance, it had various other advantages:
1) Sites paid fees for deposits and withdrawals, and there was no fee to withdraw to your bank account from Neteller itself.
2) "Neteller instant" allowed you to deposit money instantly using EFT, to where you would get credit now and a few days later it would come out of your bank. There was a 8.9% fee for this, but most sites covered it, meaning you didn't have to keep much in your Neteller account. You could just "instant deposit" when you needed it.
3) Huge limits, once you got established.
4) 24/7 phone customer service, which was actually pretty good. (They were a bit bitchy and nitpicky about their rules, though.)
5) INSTANT withdrawals from many sites to Neteller, especially if you had previously deposited there using Neteller. That is, if you had deposited 10k to Pokerstars, you could withdraw 10k IMMEDIATELY back to Neteller from Stars, and the remainder would still come fairly quickly.
In early 2007, the Neteller owners stupidly visited the US, and the feds grabbed them. The DOJ essentially extorted $200 million out of them (basically all of the profits of the company to date), and let them go at that point. Neteller also had to agree to stop serving US customers and freeze their balances. It took like 18 months, but we got our money back. I had about $7k locked up there.
Anyway, Neteller is back. It's now an option for WSOP.com.
Not sure if you can withdraw TO Neteller, but it would be great if it returned to what it once was, and you could use Neteller to move money easily between online poker sites without fees. For the record, I am only seeing it as a deposit option when I bring up the software.We are happy to announce that WSOP.com is now accepting NETELLER deposits.
The NETELLER eWallet offers you a fast, simple and secure alternative to traditional payment methods. You can fund your NETELLER account via a number of options including VISA®, VISA® Debit, MasterCard® Debit and MasterCard®.