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Is Neteller safe?

Is Neteller safe?

Neteller is one of the most popular digital payment platforms in the world. The company was founded back in 1999 in Canada, and instantly became a hit for those looking to make online gambling payments. Within a couple of years, it was handling almost 85% of the online gambling payments in the world. Is Neteller safe? Can you use it to make online payments?

Is Neteller safe?

Yes, Neteller is very safe to use, be it for making payments on online gaming sites, or for transferring money to international bank accounts. It operates under the FCA, or the Financial Conduct Authority, which is a regulatory body located in the UK. Under its regulation, it is required to maintain a separate cash fund, which should be sufficient to repay all its customers at the same time, should the need arise.

It allows the users to opt for a two-step authentication system, where they are required to enter an additional code sent to their smartphones, along with the e-mail id and password. The company uses state of the art encryption technology to ensure that all the data sent to and from the website are safe from hackers.

It has a highly secure data center to store all the information it collects from its users and is under 24×7 surveillance by agents as well as monitoring systems. The company also has a robust customer service department, which is available 24×7 to solve any queries or problems that users might face while using the service.

The company has strict verification systems in place, which is integrated with many regional identification systems to ensure a high level of protection against online frauds.

Conclusion

Is Neteller safe? Given that it is audited regularly by bodies like the FCA, and the latest security systems it offers to customers, like 3-D Secure, 256-bit encryption, two-step authentication, and fingerprint identification in supporting devices makes Neteller a very safe place to carry out your financial transactions.

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