• Neteller and Skrill Dropping Support for 100 Countries

    04 December 2016

    Neteller skrill cubits news

    In the online gambling world, particularly in the payments sector, the Paysafe Group's Skrill and Neteller options are considered two of the most popular banking options available. These electronic wallets make payments really easy for tons of people, but now this won't necessarily be the case. They are dropping out of around 100 countries for prepaid credit card usage and for other methods, and this will effectively cut a whole lot of players off from being able to enjoy the games with their favorite payment options.

    Cubits Steps Up With Bitcoin

    Cubits is a platform for buying and selling bitcoin, and recently they have announced an option that could help these displaced players get in deposits and withdrawals as easily as they were getting them in before. Players can now use the Neteller banking option to purchase bitcoin through the Cubits interface, which could effectively bridge the gap created by Neteller and Skrill dropping out of so many countries The idea is that you can use Neteller to buy bitcoin, and then that bitcoin can be used to fund your account at a lot of different casinos.

    Bitcoin's Role in Online Gambling

    One of the big stories of the past few years has been bitcoin gaining ground in the online gambling world. When they started out, they were somewhat of an obscure option, and no one would have blamed you for assuming that they wouldn't really get anywhere. However, they have steadily been added with more operators over time, and now with Skrill and Neteller pulling out of so many countries, it's very much an opportunity for bitcoin to step in and take over the lost market share.

    How This Affects Players

    Whenever a major payment option is lost for players, it creates an immediate rush to find a replacement. We saw this in a major way back in late 2006 and early 2007 when the UIGEA was passed in the United States, particularly with online poker, cutting off the top banking methods from players. The bottom line is that we're sure Skrill and Neteller are making this move because they have to or because they believe it's in their best interests in the long run, but in the meantime, players are definitely going to find something like Cubis to facilitate their payments.


    Jon Sofen, Neteller and Skrill Backing Out of 100 Countries, Could Impact Online Poker Sites cardschat.com, November 21, 2016

    Related News

    • 26 June 2017

      Neteller Offers New Rapid Transfer Deposit Option

      Banking is one of the most important parts of the online casino experience for players. On the business end, it's also a bottleneck that can completely cripple a casino or an entire subset of the industry if it's not handled well with plenty of great options. That's why the new Rapid Transfer option from Neteller is such a great piece of news since it offers up yet another convenient way to make deposits. How Rapid Transfer Works

      Read full article
    • 25 February 2016

      High Roller Skrill Account Hacked for Around €150,000

      One of the biggest fears of anyone who gambles online is having their accounts hacked and funds stolen away with no resource. This is exactly what happened to one high roller who lost a total of about €150,000 after his Skrill account was hacked and the funds were sent out to plenty of other Skrill accounts and promptly withdrawn. There is a lot of controversy surrounding this situation, needless to say, but the response from Skrill has been somewhat surprising.

      Read full article
    • 06 December 2015

      Details From Paysafe Group's 2009-2010 Hacking Released

      In the online gambling world, one of the biggest worries of players is that their personal and financial information will be hacked. That's exactly what happened to some degree with a handful of attacks that happened in 2009 and 2010, and these attacks were investigated in detail. A total of about 3.6 million accounts from Neteller and 4.2 million accounts from Skrill were affected in this data breach. What Information Was Taken?

      Read full article