Neteller is a very popular funding method that is accepted by a large number of ECN forex brokers and online merchants around the world. Many forex traders choose to use services like Neteller over bank wire transfers since they generally allow for much cheaper and faster international transactions.
Along with Skrill, Neteller is owned by the British corporation Paysafe Group, which used to be publicly traded as part of the FTSE 250 Index in London until it was taken private in December 2017. Through Paysafe Group, Neteller is authorized to operate in Europe by the Financial Conduct Authority under the Electronic Money Regulations.