28-01-2006

Excellent Last Quarter Results for NETeller

The #1 online money transfer method for online casinos, NETeller, just published its last quarter figures. On a daily basis, NETeller is processing $4.1 million and approximately 3,200 new users register at NETeller a day.

Ron Martin, the just starting President and Chief Executive of NETeller, reported that NETeller is doing an outstanding job on the online money transfer market and the company showed an impressing growth in the fourth quarter. Martin stated that these positive results show just how strong the company is now, and how strong it will stay in the future.

The company, located at the Isle of Man, revealed highly optimistic fourth quarter numbers, showing an amazing number of new sign-ups and an incredible growth in revenues.

Every day, NETeller has daily transfers of approximately $4.1 million in the last three months only, compared to $2.3 million during the same three months in the year before. Compared to the previous quarter, NETeller had a 15% increase. In the third quarter, the number of online money transfers of NETeller was $3.64 million.

Looking at the entire year, the average daily transfers in 2005 for customers of NETeller were $3.4 million, which is a 90% increase compared to the average daily transfers the year before, $1.8 million.

NETeller had 2,320,670 registered customers at the end of 2005, which is a 86% increase compared to the 1,251,031 users that registered at the end of 2004. 

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