Re: Neteller Stock Falling like a rock
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How does Neteller make money? I have a Neteller account. I use it to shift money between online poker sites and offshore sports books. I have never paid them a penny for this. All of these transactions are free for me. Where do they make money?
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They make money from the Merchants on the other end of the transaction. Let's say you deposit $1000 to Paradise Poker. They charge Paradise something like 3% of the deposit. Paradise (and other merchants) like this because they are getting indemnified cash.
Neteller also makes money on it's instacash service where they fund the user immediately for an 8% fee -- like taking an advance on a credit card.
Hope that helps.
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