Its service was made to transfer money for merchants whether they are being transferred toward them or for om them,this company also services a number of online trading and business firms as well. It can also draw funds directly using the Net+Card or transfer balance to their own account. It was first created in Canada in 1999 and soon in 2004 moved to the Isle of Man. In July 2000 Neteller began to process online gambling payments. It is stated that is was processing payments for 80% of world gambling merchants and 95% of firm revenue at the time.Pros and Cons to using Payment MethodOne of the pros to using this payment system that is is a reliable alternative to Visa. It promises good and fast services and is sure to make it so that no funds are lost or tampered with. Payments are easily received and given when working alongside this system and years of experience is to be assure by the staff. However one of the minor cons when working with this payment option is the fact that is clearly states that it is not a bank. It can not give any customer any type of funds to it so that can be seen as a problem for some, however other than that this is a safe reliable payment system that will ensure you and anyone else easy and safe transfers. It stays up to date with their services, for more information or questions visit their website anytime for good info.