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Neteller Now Accepting Bitcoin

In a surprising move this month, Neteller has reversed their previous policy regarding Bitcoin and have now added it on as a deposit option.

Until recently, Neteller had strictly prohibited the exchange or trade of Bitcoin, along with all other virtual currencies. This change in policy is exactly what Neteller customers have been asking for, with many users spreading the good news across social media. With the ever increasing popularity of Bitcoin, it was a change that needed to happen in order for Neteller to solidify their spot at the top of the online payment processors.

Bitcoin's integration with Neteller was conducted in partnership with Bitcoin payment processor, BitPay.

Joel Leonoff, CEO and President of Neteller's parent company, Optimal Payments, had this to say:

"Neteller already provides merchants and customers a broad and diverse set of online payment options and the addition of Bitcoin gives them another valuable payment method to help convert more transactions. We recognize the important role that crypto-currencies play in the future of payments and we look forward to working with BitPay as the acceptance rate grows."

Also this month, Neteller has made a move to purchase online payment processor, Skrill. While the deal is not final yet, it appears that Neteller is moving fast - expect more great things to come from Neteller this year!