Neteller reduce bitcoin deposit fee to 1%

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Prepaid card provider and payments processor Neteller has long been a popular option for online gamblers. In May 2015 Neteller surprised many by adding bitcoin as a deposit option and there were zero fees for depositing with bitcoin. Unfortunately, that didn't last too long and by September Neteller had increased the deposit fee to 5%.

Obviously not too many bitcoin users were willing to pay the 5% fee so they've now reduced it to a more manageable 1% deposit fee. Bitcoin gamblers at sites like 5Dimes, Bovada or Betonline might find Neteller an easy way to convert their BTC to dollars.