Once upon a time there was a company called Neteller. They provided safe and secure payment processing for millions of American online gamblers that lived in Atlantic City, other parts of the Garden State and other states as well. Online gambling was a booming industry in the US, and everyone was happy, from virtual poker rooms and Atlantic City online casinos to legitimate payment processors like Neteller, and even US online poker players and casino fans. But then a big bad bully named the United States Department of Justice decided in 2006 that companies which provided US citizens with exactly what they wanted, dependable and trustworthy cyber deposit methods for opening online gambling accounts, were evil and needed to go away. They made that happen by attaching the Unlawful Internet Gambling Enforcement Act to a piece of legislation regarding port security. This prohibited gambling businesses from “knowingly accepting payments” used for opening and funding Internet gambling accounts for US citizens. Respected and trusted online payment processors like Neteller then fled the United States in droves.
But a funny thing happened late in 2011. During the year-end holidays the DOJ must have been filled with the seasonal spirit of giving. They decided that each individual state in the US could legally certify state-based companies to deliver online poker and casino gambling for real money. Flash forward two years and four months to the present time, and Neteller is quietly reentering the online gambling payment processing picture in the United States. New Jersey has joined Delaware and Nevada as the only three current participants in the young Internet gambling industry in the US, and they deliver casino and poker virtual options for state residents through Atlantic City’s famous oceanfront boardwalk casinos. And Neteller could not have picked a better time to return to the Atlantic City online gambling industry, as NJ has experienced a few problems concerning payment processing of Internet gambling transactions. Atlantic city poker rooms and casinos alike will be offering the option.
After more than a seven year absence, New Jersey’s regulated gambling market is welcoming back what was once one of the most popular and reliable Internet payment processors. Now casino and poker players on the Internet that frequent the multiple NJ certified gambling websites can use what used to be a familiar and efficient e-wallet to deposit money into their accounts. Skrill already currently delivers such an option to Atlantic City and other New Jersey Internet gamblers, and both companies boast a long history of legitimate and respected work in the online gaming sector.
Since payment processing issues are frequently pointed to as the biggest hurdle that New Jersey online gambling cannot seem to cross, Neteller’s return has been celebrated. Visa and MasterCard deposits and ongoing funding transactions have been rejected at a very high rate for New Jersey Internet poker and casino players. Neteller can be funded by either MasterCard or Visa, and this allows online gamblers in New Jersey to create an electronic wallet account. In virtual gambling locations like the WSOP site and 888poker in that state, those players can then use their Neteller cyber wallet to fund their online gambling activity, bypassing the credit card issues that are currently being experienced.
The added bonus is that a New Jersey online gambler’s personal credit cards are protected by an insulating layer, the Neteller account, which separates his financial information from the state-sponsored online casinos and poker rooms where he plays. Transactions are processed nearly instantly, and neither of the two sites we mentioned above charges a fee for funding via Neteller. Competition is always good for the consumer, in this case New Jersey online gamblers. More deposit options from established firms which have years of respected performance and reliability handling Internet payment processing can only be a good thing for that state’s cyber gambling industry. This may also lead to a return by other respected and dependable virtual payment processors to a new and still emerging market, in both NJ and the US.