Neteller is a global electronic money an payments service owned and operated by the British company Neteller PLC Group. The company was founded in 1999, is based in the Isle of Man and regulated in the United Kingdom. The company positions itself as the “world's leading independent online payment business”. It has customers in over 160 countries that use the service to send and receive money from their banks to and from merchants. The service can also be used to send money between individuals.