The financial system as we know it constantly undergoing changes, even though not always to the benefit of the consumer. Neteller and Skrill, two popular online payment options, will prohibit the usage of prepaid Mastercards in over 100 countries come November 25. Another boon for Bitcoin adoption, or will consumers just let this change slide?
No More Prepaid MasterCards For Skrill and Neteller
In the world of online payment methods, there are plenty of options to choose from. PayPal, Neteller, and Skrill are some of the main competitors in this space. However, not all of these payment options provide consumers with the services they are looking for. In fact, Neteller and Skrill are making drastic changes that may affect their global user base in a significant manner.
Come November 25th; neither company will accept the usage of prepaid Mastercards in over 100 countries around the world. Both brands are controlled by the Paysafe Group and have informed their customers regarding this impending change. The SEPA zone, together with a handful of other European countries, will not be affected by this change.
Prepaid Mastercards are often used by online gamblers who use either Neteller or