NETELLER is an eWallet payment System that is used globally by millions of clients and has proven to be very popular with Binary Options Brokers all over the world. Initially established in Canada 1999 by Optimal Payments Limited the NETELLER system allows clients to receive and send payments. Since 2004 NETELLER operates from the Isle of Man and formerly under the jurisdiction of the UK’s Financial Services Authority (FSA). Since the removal of the FSA the regulatory jurisdiction now falls under the ambit of the Financial Conduct Authority (FCA) which is authorised by the Electronic Money Regulations 2011.
Regulated by FCA NETELLER conform to all the strict regulatory requirements which are required under UK’s legislations. This includes having adequate safety measures to protect their clients from fraud and identity theft. In order for clients to access the NETELLER payment system they need to have two access codes in addition to a password. Moreover the firm also adopt internationally accepted protocols to protect against money laundering.
NETELLER is legally classed as a financial services provider. It only serves as a connection for clients to receive or transfer funds. It does not provide loans and is required by law to segregate clients’ funds away from its operating funds. This is to secure that the firm have sufficient funds to pay all its clients simultaneously.
Today with a market coverage of over 180 countries NETELLER has earned the trust and confidence of clients and traders from all over the world. Sending money through NETELLER is convenient, fast and safe. For businesses NETELLER payment services help them to expand the markets that they can cover where traditional methods of fund transfer does not work. Apart from straight forward transfer of funds from one account to another NETELLER also deals with the transfer of funds through credit or debit cards such as:
Another thing to note about NETELLER is the fact that they also issue an internationally accepted MasterCard debit card call Net+ that clients can use to fund their eWallet. Because of all the advantages which NETTELLER offers it is not surprising that you can find find a lot of Binary Options Brokers which accept NETELLER as one of the main methods to deposit or withdraw funds.