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
Rapid Transfer is an option that you pick from your list of available deposit methods in an online casino like any other. The main benefit is that it's fast, as the name implies, and it allows you to use the security features of banking online paired with particularly low fees. This is a great combination that makes it an awesome option, especially with how the fees have gotten for some of the other banking methods available these days in the online casino world.
Why More Options is Always Better
When it comes to deposit and withdrawal options, more will generally always be better for two reasons. First, it creates an upward pressure to make other banking options better from the competition. Second, it puts players in a position where if their primary option is not available for some reason, then they will still be able to move their money around. Both of these are very important for the long-term health of the business, and that's why we're always pleased to see new options like this one spring up.
Taking Over the Industry
Neteller is an interesting company in that they own Skrill and Paysafecard, two of the other most popular options for payments in the online gambling world, so they have really taken over a huge part of the industry. While that's good in the sense that they provide excellent service across all of their brands, it's dangerous in the sense that if they were to go under for some reason, then several of the best and most popular payment options would be gone in one swoop. We don't really see that happening any time soon, but it's something to keep in mind.
Press Release, New Deposit Option on Your Neteller Account news.neteller.com, June 15, 2017