BitPay Partners with Neteller, Helps them Adopt Bitcoin Payments

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BitPay Partners with Neteller, Helps them Adopt Bitcoin Payments

Announcing through its blog BitPay says that it has teamed up with NETELLER, a service owned by Optimal Payments, to enable their global payments network to accept Bitcoin. Nonetheless, this is another addition to the list of the companies that BitPay has enabled accept Bitcoin payment in the last couple of months.

The blogger at BitPay says that NETELLER moves millions of dollars around the world every day and offers a wide variety of services from pre-paid debit cards to multi-channel online payment solutions. The latest partnership according to him is going to help the company and Bitcoin at large to reach to the new section of customers who wish for Bitcoin payment.

Bitcoin to Reach to New Sections of Customers

The blog post says, “NETELLER has recognized the growing strategic importance of Bitcoin, and we will be working with them to help further drive mainstream adoption of Bitcoin. They already have over 10 million customers with debit cards that, thanks to this partnership, can now be loaded with Bitcoin.”

According to the blogger the NETELLER also has integrations with thousands of merchants worldwide and by topping up their debit cards or NETELLER accounts with Bitcoin, customers can save up to 5% eliminating cash advance fees and currency conversions. Thus, it is not just Bitcoin payment but the discount that is going to attract customers.

The blogger at BitPay also admits, “This agreement with one of the world’s biggest payments networks really demonstrates how far we’ve come in a short span of time. NETELLER shares our vision of how Bitcoin can revolutionize the way businesses handle transactions, and we’re really looking forward to working with them.”

NETELLER Offers Services in More Than 200 Countries around the World

The NETELLER Service on the other hand has been in existence for more than a decade and has provided businesses and individuals with a fast, simple and secure way to move money online. Being one of the world’s largest independent money transfer businesses, it processes billions of dollars’ worth of transactions each year.

Trusted by merchants and consumers alike, the company claims that its financial services span more than 200 countries across a broad spectrum of industries and businesses. NETELLER Money Transfer is a fast, simple and secure way to instantly send money online and available through free NETELLER payment account, NETELLER Money Transfer.

To contact the reporter of this story: Deepak Tiwari at