Neteller is a Canadian payment system. It was conceived in the year 1999 and was first used in 2000. It has been a long time since Neteller has been part of the Paysafe Firm, a British worldwide payment group. Neither Neteller nor any of its affiliates have a banking license. On the other hand, it concentrates on electronic transfers between and among merchants. Many Neteller users operate in the social media and forex trading sectors.

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