Deposit BitCoin into NETeller

Bitcoin is an online payment system and so is NETeller. Now you can use the one to fund the other. BitCoin is peer-to-peer; users can transact directly without needing an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the block chain. The ledger uses its own unit of account, also called bitcoin. The system works without a central repository or single administrator. Bitcoin is more correctly described as the first decentralized digital currency. NETeller on the other hand is more like a traditional bank. Optimal Payments, the company behind NETeller, is the central instance.


Today Optimal Payments Plc announced that they allow customers to use Bitcoin to top up their NETeller accounts. This announcement follows the entering into of an agreement between Optimal Payments and BitPay Inc., one of the world’s largest Bitcoin payment providers and processors and makes Optimal Payments one of the first major financial institutions to facilitate digital currency transactions on a global scale.

Through Optimal Payments’ agreement with BitPay, NETELLER customers will now be able to top up their accounts by exchanging Bitcoin into one of the currencies offered by NETELLER.

“NETELLER already provides merchants and customers a broad and diverse set of online payment options and the addition of Bitcoin gives them another valuable payment method to help convert more transactions” said Joel Leonoff, president and CEO, Optimal Payments. “We recognise the important role that crypto-currencies play in the future of payments and we look forward to working with BitPay as the acceptance rate grows.”

BitPay's processing offering mitigates the risk of Bitcoin price volatility by allowing the merchant to accept Bitcoins and immediately convert them to the currency of choice. Since BitPay works across multiple currencies, it is a suitable payment option for those who sell their products and services throughout the world. Merchants have the ability to accept Bitcoins with numerous open source plugins and hosted solutions. Bitcoin is a payment solution that not only saves money in transaction fees by being digital,  but also saves time when compared to other payment options that require the manual input of information in order to complete a transaction. BitPay helps make accepting bitcoin payments easy and services over 140 different countries.

“Bitcoin’s popularity is growing rapidly and has established itself as the most secure, most widely accepted digital currency” said Sonny Singh, chief operating officer, BitPay Inc. “This relationship with Optimal Payments will help us to drive merchant acceptance on a global scale.”

For over a decade, the NETELLER stored value service has provided businesses and individuals with a fast, simple and secure way to move money online. As one of the world’s largest independent money transfer businesses, it processes billions of dollars’ worth of transactions each year. NETELLER is constantly seeking ways to enhance its services to merchants and help them expand their businesses globally.

Optimal Payments Presents 2014 Full Year Results

Monday, 23 March 2015 – Optimal Payments Plc (LSE: OPAY) (the “Group”), a leading global provider of online payments, today announces its results for the year ended 31 December 2014.

Highlights

• Full year performance reflects significant organic and inorganic growth:
• Revenues up 44% to $365.0m (2013: $253.4m).
• EBITDA up 65% to $86.1m (2013: $52.2m).
• Profit after tax increased by 83% to $57.7m (2013: $31.5m).
• Adjusted diluted EPS increased 50% to $0.38 (2013: $0.25); statutory EPS increased 64% to $0.36 (2013: $0.22).
• Revenue and profitability significantly boosted by the World Cup in the first half.
• Successful acquisition of the Meritus and GMA businesses in the US in July 2014, contributing to the growth and diversification of the Group.
• Substantial improvement in NETELLER Stored Value (“SV”) business: revenues up 50% to $89.6m (2013:
• $59.8m) driven by underlying improvements in customer conversion and further development of VIP programs.
• Strong growth from NETBANX Straight Through Processing (“STP”) business: revenues up 42% to $274.7m (2013: $193.0m), incorporating revenue from the acquired US businesses, underlying growth of 19% excluding Meritus and GMA revenues incorporated in the second half of 2014.
• Highly cash generative with Group cash (net of merchant cash) of $106.5m (31 December 2013: $93.8m).
• Free cash of approximately $44.0m (31 December 2013: $38.0m) – after funding $26.6m in part consideration and acquisitions costs for the US businesses.
• Net debt position of $26.3m – bank facility of $150m was secured to fund US acquisitions; remaining shareholder loans cleared in January 2014.
• Significant progress on key strategic initiatives:
• Principal Membership with Visa Europe and MasterCard Europe achieved; this service was launched to merchants in the European Union in Q4 2014 and positions our NETBANX offering to service more of the payment value chain and provide an efficient, cost effective proposition to the market.
• NETELLER and Net+ products launched in the US in March 2014 with good adoption by merchants in the three states which have regulated online gambling.
• Successful partnerships forged in the rapidly developing area of fantasy sports leagues, confident of the prospects for growth in payment processing in this market.
• Launch of a new card issuing services division and the NETELLERGO! offering for ecommerce merchants outside of gaming to contribute to continued growth.
• Integration of the US businesses acquired in July 2014 progressing well.

Dennis Jones appointed as Non-Executive Chairman with Andrew Dark and Ian Jenks appointed as Non-Executive Directors of the Board in July 2014 to strengthen governance. Brian McArthur-Muscroft appointed as CFO, with effect from 1 January 2015, to contribute to the continued growth of the Group.