FREE TRIAL

Deploy a Free VPS Server Worldwide. No Credit Card Required.

Start Free Trial
  • +357 2425 0808
  • Login
  • English

Home

Blog

Skrill and Neteller restrict prepaid Mas...

Skrill and Neteller restrict prepaid MasterCard service

Skrill and Neteller restrict prepaid MasterCard service

NetShop ISP

NetShop ISP · Blog Author

Nov 23, 2016 · iGaming

Paysafe Group, parent company of online payment processors Neteller and Skrill, have informed customers that prepaid MasterCards will soon be blocked in over 100 countries. It is believed that this change will lead to greater acceptance of Bitcoin in the gaming industry.

The change in the policy does not apply to 28 countries in the European Union and European Economic Area (EEA). Countries that do not belong in the European Single Euro Payments Area (SEPA) will have their prepaid MasterCard service discontinued as of November 25.

Paysafe Group informed their customers about upcoming change in a recent email:
“We regret to inform you that as of November 25, 2016, we will no longer offer the Skrill Prepaid MasterCard® in your country,” the letter stated. “You will not be able to use your card but your Skrill Account remains fully functional and your balance is unaffected. You can withdraw funds from your Skrill Account to your bank account or send money to any other Skrill user or online business accepting Skrill.”

E-wallet services, provided by Neteller and Skrill, are popular among online gamblers, because they assure instant withdrawal option. Once funds are transferred from online gaming site to a prepaid MasterCard, they become available for use anywhere MasterCard is accepted.

The change, announced by Paysafe Group, is believed to have a serious affect in the industry. The list of countries that will have MasterCard service suspended, include some of the world’s biggest gambling markets (such as Australia or Brazil). Customers in Russia and China were told that they will be able to use their existing prepaid cards until their expiration date is reached, however new cards will not be issued.

Paysafe Group has not yet announced the reasons behind this decision.

Categories

Backup
6
Business Continuity
4
Cloud Hosting
10
Colocation
4
Company Updates
1
Cryptocurrencies
1
Data Centers
12
Dedicated Servers
4
Disaster Recovery
3
Forex
25
Gaming
1
iGaming
33
Industry News
32
Interviews
10
Joomla
9
Magento
5
Managed Services
1
Operating Systems
1
Press Releases
65
Product News
6
Resellers
1
Security
25
Software & Apps
1
Streaming
1
Tech Startups
12
Tutorials
59
Uncategorized
389
Vps Hosting
11
Web Design & Development
3
Web Hosting
44
Webinars
1
Wordpress
14

Free VPS Trial

No Credit Card Required.

Recent Posts

How can Forex Brokers be Protected from DDoS Attacks

How can Forex Brokers be Protected from DDoS Attacks

20 March, 2023

NetShop ISP Bronze Sponsors for the University of Cyprus at Harvard WorldMUN 2023

NetShop ISP Bronze Sponsors for the University of Cyprus at Harvard WorldMUN 2023

15 March, 2023

Top 5 Cloud Computing Trends in 2023

Top 5 Cloud Computing Trends in 2023

13 March, 2023

MetaTrader 4 and 5 Apps are back on Apple AppStore

MetaTrader 4 and 5 Apps are back on Apple AppStore

07 March, 2023

How To Change IP Address on a Zimbra Server

How To Change IP Address on a Zimbra Server

06 March, 2023

#letushostyou

Award Winning Hosting Provider established in 2004.

Best iGaming Service ProviderISO Certified

120 Faneromenis Avenue, Imperial Tower, 2nd Floor, Larnaca 6031, Cyprus

Products

Bare Metal Servers

Customized Servers

Virtual / Cloud Servers

Forex VPS

Storage VPS

cPanel Web Hosting

Reseller Web Hosting

Colocation

Addons

Premium DNS

Email Hosting

Cloud Backup

DDoS Protection

Licenses

SSL Certificates

Domain Names

Premium SLAs

About Us

Data Center Locations

Looking Glass

Our Company

Contact Us

Careers in Cyprus

Become a Partner

Awards

Certifications

© 2023 S.S. NetShop Internet Services Ltd. All rights reserved.  Terms & Conditions  |  Privacy Policy
CY Reg. Number: HE 217340 | EU VAT Number: CY10217340J

Visa
Mastercard
PayPal
Bitcoin
Tether
Ethereum
Litecoin
Wise
Revolut
Wire Transfer