Neteller Adds Bitcoin Deposit Option

Payments processor and prepaid card provider Neteller has added a bitcoin deposit feature.

A representative for Neteller confirmed the deposit feature when contacted for comment, telling CoinDesk it may be officially launched as early as tomorrow.

The move is an apparent reversal of policy for Neteller, which previously revised its terms of use policy to explicitly prohibit the “trade, exchange, purchase or sale of bitcoins, or any other virtual currency”.

Users of the service have since taken to social media to advertise the presence of a bitcoin option on the website. The spokesperson said that what users are reporting is likely the first stage of the integration.

According to a 25th March press release provided by Optimal Payments, the parent company of Neteller, the integration was conducted in partnership with bitcoin payments processor BitPay.