Online Gambling Wallet Neteller Shows Exceptionally Good 4th Quarter

Neteller, the omnipresent payments processor has this week released a bullish trading update in which it announces an amazing fourth quarter as well as great success in new customer sign ups.

Average daily receipts of approximately US$4.1 million during the quarter were reported by the Isle of Man based company. This may be compared with the sum of US$2.3 million, which was achieved during the same period in 2004. Average daily customer receipts for the fourth quarter had increased by 15 percent as compared with the average daily receipts of US $3.64 million for the third quarter of 2005.

For the full year of 2005 the average daily receipts from customers had been US$3.4 million. This represented an increase of 90 percent on average daily receipts for 2004, which reached US $1.8 million.

Neteller had 2,320,670 signed-up customers, by the end of 2005. This was an increase of 1,069,318 or 86 percent over the 1,251,031 of 31 December 2004. The daily average number of new customer sign-ups of 3197 customers daily sign-ups throughout the fourth quarter of last year, represented an increase of 54 percent over the same period of 2004.

The recently appointed president and chief executive of Neteller, Ron Martin, is reported as saying that Neteller has sustained a show of superb growth with regard to all areas of the business during the fourth quarter. He said that the results for the entire year would show the ongoing strength of the company.

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