Neteller releases two new cards

It’s been a wild year of re-structuring for the online payment processor Neteller. Today, the company has just released information for their new Mastercard branded prepaid and online use cards. The company will make two different kinds of cards available to their customers. One is a virtual online card that will be used mainly for online purchases and the other is a Mastercard branded ATM/debit card similar to the one Neteller offered a few years ago that gave customers ATM access to their Neteller accounts. These products are much stronger offering the backup and protection of the Mastercard Brand. Here is the information on each of the cards:

Virtual Prepaid Card by MasterCard is designed primarily for use online. The virtual card application generates a single-use, unique 16-digit card number and populates the checkout page with full payment details for the user. The Net+ Virtual card offers the convenience of paying online (everywhere MasterCard is accepted) from a player’s computer combined with high level of security and privacy, and will be part of the Neteller Desktop.

Prepaid Card by MasterCard is an ATM-compatible chip and pin plastic card which allows consumers to access funds within their e-wallet at points-of-sale or by withdrawing cash at ATMs. The card will be usable at 27.3 million acceptance locations, including 1.9 million ATMs and other locations where cash may be obtained.

David Gagie, president of Neteller’s member’s services division had the following to say about the release:

“The launch of the Net+ prepaid cards will provide our consumers with a more convenient and cost-effective way to withdraw cash and make purchases using the funds in their e-wallets. This launch is a key part of the Group’s strategy to bring new customers to the Neteller e-wallet and to extend the lifetime value of existing customers.”