Neteller: The Wages of Sin
Lea Goldman reports for Forbes on Neteller.
Crumbs for PayPal, perhaps, but Black Forest cake to an outfit like Neteller, headquartered on the Isle of Man.It claims to handle transactions for roughly 90% of all online gaming sites and compensates for chargebacks by getting as much as 8.9% per transaction versus PayPal's 2.9%.
To date the company boasts 1.5 million customers (versus PayPal's 64 million accounts) and enrolls 3,000 new members every day.
Last year it netted $33 million on $82.6 million in sales. In the last year its shares, traded on the AIM London Stock Exchange, have tripled to the equivalent of $11.56.





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