DAVID K from neteller could you help us with the neteller not being taken from MD question

Phaedrus · Jun 30, 2003

I don't care for NETeller but I can add a view that might be of some help here in assuaging fears NT users might be having regarding the MD thing. From my own experience working in the payment processing industry, it is not unusual for given processing companies to have problems here and there with various states. Because each state in the US has it's own set of laws regarding banking, third-party processing, and bank-like services such as NT it can sometimes be difficult to navigate the varying regulations -- working in certain industries in the US, especially for a foreign company, is like trying to do business in fifty seperate countries rather than one. PayPal has had it's share of problems in various states, notably Louisiana and New York, where they were almost forced to stop doing business due to clashes between themselves and those state's banking authorities.

So, a company like NETeller having issues with the state of Maryland, and voluntarily deciding to pull out rather than potentially face an expensive and time-consuming legal process in which the burden of proof is asininely laid on the company and not it's accusers, really makes smart business sense. If it bothers you, you should take it up with the MD department of state, not NETeller, because in all likelihood the problem is coming from the government, not the company.

Phaedrus

oldmantime · Jun 30, 2003

Phaedrus--Thank You for attempting to "explain" this. However, we are not doing business with the state of Md. but doing business with Neteller. Furthermore, not to be confused by the language of lawyers, but to ask a State a question is the equivelent of asking a Fortuneteller in my opinion. The beaucrazy is so deep that to know even whom to ask is SOME task to put it mildly. I personally have written a letter to Neteller (email, actually) just a few minutes ago. If I get NO answer in 24 hours-I for one will sadly close my account.

Phaedrus · Jun 30, 2003

I agree OMT -- the damned bureacrazies (going to hijack that priceless term if you don't mind) make life difficult for all of us with real lives.

My point was not so much in defence of NETeller -- as I stated, I do not care for them, and I do not use them -- but merely to relate some of my own experience with the difficulties that payment processing companies can have trying to do business in the several states.

Phaedrus

THE SHRINK · Jun 30, 2003

<BLOCKQUOTE class="ip-ubbcode-quote">quote:<HR>Originally posted by Intuition BET:
Dante - "I was asked to post this on behalf of Neteller...

David Kahane is on a Retreat..

He has been gone for the past 5 days and is enjoying a vacation in Montreal..

He will be back in the office tomorrow...
Thanks,

THE SHRINK"
http://therxforum.com/6/ubb.x?a=tpc&s=100090022&f=988094022&m=83810471&r=87910471#87910471

dante - can you confirm if he IS there or not anymore? Thanks<HR></BLOCKQUOTE>

Colin,

With all due respect, why was I told by David K that he was on a vacation when in fact, it appears he was no longer with your company?

Thanks,
Ken

Banned4Life · Jun 30, 2003

May be a good idea to reduce your balances and not park big money there for too long.

The mantra for neteller has always been "they're in Canada, America can't touch them." Well, someone in America just touched them and this could set a dangerous precident.

oldmantime · Jun 30, 2003

Yes Bump up for Colin. Are you with Neteller? Do you care to answer the Shrink's question.

Are we heading for a PayPal situation here ?

ala--Ryan?

stolidog · Jun 30, 2003

A sad day for sure for those of us in MD -

oldmantime · Jun 30, 2003

Yes it is indeed very sad. Over 5 hours now and no response to my question to Neteller on their site. (I have no way of knowing that the "Colin F." person is actually with their company. I did know about David Kahane!
Maryland is next door. Bank of America is there on a wide scale just as they are here in Virgina. So if something serious happened there, what reason do I have NOT to think it will happen here in Virginia? Also, why the apparent deception about David. You know-If it " walk like a duck and talks like a duck", by God--it just might be a duck." To have NO OFFICIAL response from Neteller is totally unbelievable. 19 hours now and I hope I get SOME answer.

sfeiner · Jun 30, 2003

from the looks of this id believe they are pulling a paypal and going after a different market.( getting out while the getting is good)

http://www.probilling.com

IntuitionBET · Jun 30, 2003

This was on www.Sports911.com main page:
<BLOCKQUOTE class="ip-ubbcode-quote">quote:<HR> 06.30.03 (6:22 pm ET) - Effective this month, our friends at NETeller will be downplaying their role in the North American market and will begin focusing more heavily on the European market sector. <HR></BLOCKQUOTE>

Does it mean anything to the American market?

Or are they just expanding?

TTinCO · Jun 30, 2003

IB, the writing is all over the walls.......

First Neteller, then others. First one state, then others(or the fed).

I'm sure WU is getting it's balls busted pretty good too.

Banned4Life · Jul 1, 2003

The next step is for some hardass state attorney general to declare that Neteller is a "facilitator of illegal gambling". Which could give him an excuse to lean on them.

Neteller customers deserve a detailed explanation about what's going on. And how do we know that this "Colin F" isn't just Vega pulling another fast one? Keep your balances low there until you get answers.

Banned4Life · Jul 1, 2003

Actually there should be somebody from theRx HARASSING the folks at Neteller until they produce a satisfactory explanation of exactly what is happening. Neteller is a subject of much interest in the sports gambling business and they have made a LOT of money from sports gamblers. If Neteller disappeared tomorrow (just before football season) where would the books be???? Up Shit Creek without a paddle that's where.

theswami · Jul 1, 2003

this post is not directed at any one individual....

what's the big deal here?!?!?!?!?! you knew that the day would come where neteller would have a few issues with the government, state or federal.

1) people leave companies all the time, why are you folks so concerned about david? if david thought that his career moves were important to you or the rx, he would have emailed you personally or posted here.
2) regarding neteller in MD, it would be great if neteller posted some information here BUT if they posted an official response on a public gambling forum wouldnt that all but be an admission that they process transactions between united states citizens and offshore sportsbooks. can we say "run on the bank" if they posted that MD is causing them a major problem. i hate to say it but unless there is good news they just are not going to post a damn thing.

here's a fact, neteller used to allow deposits directly to their citibank account. neteller no longer allows this type of deposit in the state of ny. about 6 months ago, i called them to get the citibank account information and they told me i could no longer make deposits directly to their account. maybe they decided that citibank was not giving them good service but i doubt it. IMHO, citibank closed the account.

i'm not saying that working transfers through neteller is over but be smart about it.

you know that there are folks trying to stop online gambling...you know that they cannot get to the sites themselves so they have to go after the money transfer options.....you know there are very few money transfer options and neteller is one of them....the powers that be probably have an eye out for neteller and figuring out a way to stop them despite the fact that they are canadian based.

keep your balances low, only keep an amount there that you are willing to lose. which for me is ZERO. just a suggestion, find a safe book (pin, oly, etc.) and use them as a base to transfer funds to neteller as needed for withdrawals and to transfer to other books if you cannot do a book-book transfer. this makes it tough to jump on that scalp/middle or sweet line for the max bet at some shop you play with 4 times a year but you have to weigh if it is better to have this inconvenience or risk having serveral dimes sitting at neteller.

this issue is affecting everyone.....i'm currently trying to figure out if im better off doing efts with neteller or getting paper checks from my books/poker rooms that i cash at my bank. i get the imprssion that big brother is watching and i dont want him coming after me!!!

Banned4Life · Jul 1, 2003

Good post Swami. No news is bad news in this case, and the shit is heading toward the fan. The day is coming when you'll wake up and won't be able to use NT anymore. Probably just before football season. And what if they decide to "freeze" certain accounts for "suspected gambling activity"? I just hope everyone has a backup plan.

lander · Jul 1, 2003

<BLOCKQUOTE class="ip-ubbcode-quote">quote:<HR> .....i'm currently trying to figure out if im better off doing efts with neteller or getting paper checks from my books/poker rooms that i cash at my bank. i get the imprssion that big brother is watching and i dont want him coming after me!!! <HR></BLOCKQUOTE>

Great post Swami. I feel the same way & have the same concerns.
Which way are you leaning on the above snipplet?

colin · Jul 1, 2003

Hello everyone,

For starters, I do not read the Rx as much as I should. i apologize when I miss questions being asked. I do not realize that hours are being tracked for how long I take to answer. May I also mention it is Canada Day today and I am trying to get out of the office early

Ken, I apologize for the message you received regarding David. He no longer works for NETeller. I will be handling your readers concerns as usual. I have been for the last 3 years, along side David K. I have not made myself public on the forums is all.

For questions related to NETeller, please call NETeller.

My name is Colin Francis. I am the Security Manager for NETeller and I can be reached at VIP@NETeller.com for the Rx readers.

Now I will try to explain the MD area.

-It is true that we have chosen to no longer take deposits from residents of Maryland.
-This has nothing to do with gaming legislation.
-The State of MD asked us to register to transfer money from their residents (this means take deposits from them) to NETeller. As a Canadian money transmitter, we (and our lawyers) are sure there is no need for us to register in Maryland or any other State However, while we are in dispute we have chosen not to accept deposits form that state.
-This is a decision we have taken for now; we will continue to monitor the situation and may elect to turn MD back on at some point in the future. We are NOT, repeat NOT dealing with similar issues with any other States and do not anticipate any such actions.

Thank you to all for your patience regarding my reply.

lander · Jul 1, 2003

Colin,
Thank you for taking the time to address this issue for the forum. It's very much appreciated as many of us currenly rely solely on you and NETeller.

<BLOCKQUOTE class="ip-ubbcode-quote">quote:<HR> The State of MD asked us to register to transfer money from their residents (this means take deposits from them) to NETeller. As a Canadian money transmitter, we (and our lawyers) are sure there is no need for us to register in Maryland or any other State However, while we are in dispute we have chosen not to accept deposits form that state.
<HR></BLOCKQUOTE>

Have to love this - somebody standing up to the good 'ol USA

Thank you for not cowering in the face of our hypocracy of a government.

oldmantime · Jul 1, 2003

Ok Colin, I appreciate as many others do your response here about the Maryland situation. However, I must say that I don't understand what "registring" means. Using what little gray matter I have, I would assume that it involves some type of legal tangles. Now, you state that NO OTHER STATE has requested this. I believe what you say in this matter and you also state that the "issue does not involve gambling legislation". Well--I guess that's about as good as we are going to find out for the time being. Also was unaware that today was Canada Day. Please keep us informed. If David Kahane was successfull at Neteller, as I assume he was, then he will be successfull with his new company, which is probably a competitor of Neteller. Maybe not at the present but in the future. I do wonder what we will hear from them.
Again Thanks.