All kinds of poker and slot games found on online gambling websites need financial transaction support, when playing with real money. In order to stop people from using unauthorized web locations, Governments have blocked financial transactions on gambling websites in various authorities. Despite of this current method proving significant to stop a majority of players, people have still found alternative ways of depositing and withdrawing money in regard to online gambling.
According to recent news, major financial service enterprise won’t be a part of serving the customers in across 100 countries. The news has made the players look for the alternatives. NETELLER and Skrill’s parent group announced that they will no longer provide prepaid MasterCard services to customers for online gambling transactions.
European nations in the EU and other European areas such as Norway, France, Austria, Switzerland and Italy will not be affected along with the United Kingdom and America. The 100 affected nations include Australia, Columbia, New Zealand, Brazil and others.
An email was sent to the customers from the owners of Skrill and NETELLER, Paysafe group, which read “We regret to inform you, that of November 25, 2016, the services of Skrill MasterCard will no longer be available in your particular country, the card transactions would be blocked, however the previous balance in your Skrill account will remain unaffected and the account will remain functional. The funds available in your account can be withdrawn via your bank account or deposit money to another Skrill account or any online business which accept Skrill.
The news has affected various loyal customers of Neteller and Skrill, who preferred these services for online gambling transactions. Other options such as bank wire transfer and Entropay, still remain functional, however, the players cannot access their money as quickly as they were being able to with NETLLER and Skrill.
NETELLER is one of the most renowned e-money service, which is owned by Paysafe group.
When it comes to online gambling, NETELLER started offering its services to players in 2000 and soon around 80% of the online gambling casino’s payment methods were handled by NETELLER. Most of the revenue generated by the company were through online gambling firms to U.S. residents. Accounts of most of the American citizens were frozen when the company exited the U.S. but they were being able to reclaim it in 2007. The customer gets an option of selecting a currency out of the 26 available options. There are various ways to put money in the NETELLER account for the customer, including debit/credit card and bank transfer. Due to various legal issues over online gambling, NETELLER services were not available to players from various countries such as Canada, Hong Kong, Laos, Israel, Macau, Turkey, Singapore and others.
Skrill which was initially known as Moneybookers, allows money transactions on the internet in the form of an e-commerce organization, with the major plus point being its low cost international transfer of money. Skrill limited was the initial owner of the company, which was taken over by Paysafe group in 2015. By early 2011, the customer base of the company was so strong that they had a customer base of around 25 million and even the big online giants such as Facebook, eBay and Skype were among its users.
2014 proved to be a crucial year for Skrill as NJDGE which stands for New Jersey Division of Gaming Enforcement, approved Skrill as an e wallet for online gambling payments across New Jersey. One plus points for the customers is the availability of different currencies for online transactions, but once the customer made its first transaction, the currency could not be changed.