Neteller has been around since 1999 when it was established in Canada before its 2004 move to the Isle of Man. One of the reasons for the success of Neteller in the gambling industry is the fact that the company begun processing online gambling payments as early as 2000.
At the time, it was reported that Neteller was processing 85% of the global gambling merchant payments. Over 95% of the revenue realized was from the US players. But unfortunately, the company exited the US market in June 2019. Despite the misfortune, the Paysafe Group subsidiary can still rely on over 23 million users worldwide.