London-based online payment solutions provider Optimal Payments signed a deal with Pala Interactive to utilize the Neteller payment option in New Jersey and any other US state.
The Pala Band of Mission Indians received a permission from New Jersey Division of Gaming Enforcement (DGE) on Friday for a full launch of the website in a partnership with Atlantic City’s Borgata and started taking bets Saturday morning.
Neteller had provided safe and secure payment processing for millions of American online gamblers that lived in Atlantic City, other parts of the Garden states and other states until Unlawful Internet Gambling Enforcement Act (UIGEA) was passed in 2006 as part of the “Security and Accountability for Every Port Act of 2006” known as the SAFE Port Act.
This law changed the landscape of online gambling in the US and affected internet gaming operations across the world.
Internet payment services such as Neteller, which allow gambling companies to transfer money collected from United States, had to follow the mass withdrawal of online gambling companies from the U.S.
Payment processing issue became one of the biggest hurdles for New Jersey online gambling. Credit card deposits have been rejected at a very high rate for New
Jersey Internet poker and casino players.
With the return of Neteller, players in New Jersey will have two e-wallet solutions, along with Skrill. Both companies have a long history of working with online gaming industry partners and still have recognition with players in the United States.
Neteller can be funded by either MasterCard or Visa, allowing online gamblers in New Jersey to create an electronic wallet account where transactions are processed nearly instantly.
Neteller also separates account holder’s financial information from the state-sponsored online casinos and poker rooms where he plays.
In virtual gambling locations like the WSOP site and 888poker, players can now use their Neteller cyber wallet to fund their online gambling activity, bypassing the credit card issues that are currently being experienced.