I spoke to neteller this morning

[RacerX]

I spoke to a very nice young lady this AM...

They have 500,000-600,000 EFTS and WD's in the works

my GUESS is that, on average, you may be talking $500

300 Million

oh boy

 

[sean1]

Remember NETELLER took in every penny they have to pay out, made interest and fees...

Sean

 

[Hal01]

Seems odd that we have not heard of 1 US customer receiving their funds??:ughhh:

 

[TheCappers]

Thats what I say hal. I started a thread eariler about that. They claim to be working hard on EFT's. But not one US customer has recieved it. Im not sure what to believe anymore.

 

[wolfie_cr]

speculating about this (which is obviously a very dangerous thing to do)

I doubt they dont have the $, but after all this mess, how likely do you all think that neteller EFT provider decided to stop doing with neteller?

In my view its not a problem of $ but rather a problem of convincing someone to let them flood a very considerable amount of money to US customers

(If I was netellers EFT provider........how soon do you think I would cut them off to prevent the Feds from trying to sue me as well???????)

 

[fathead]

speculating about this (which is obviously a very dangerous thing to do)

I doubt they dont have the $, but after all this mess, how likely do you all think that neteller EFT provider decided to stop doing with neteller?

In my view its not a problem of $ but rather a problem of convincing someone to let them flood a very considerable amount of money to US customers

(If I was netellers EFT provider........how soon do you think I would cut them off to prevent the Feds from trying to sue me as well???????)

My feelings also. What bank or processor that does business in the US would want to be associated with Neteller right now? It will be difficult just to get someone to process the EFT's or Checks.

 

[buddyboy]

did you guys read the governments complaint?

Records of wire transfers obtained pursuant to subpoena from the US Bank demonstrate that, from in or about March 2006 up to and including in or about April 2006, a total of approximately $50 million was transferred from an account in the name of the Payment Company at the US Bank in the United States to an account in the name of Cardload Inc. at National Bank of Canada in Calgary, Alberta, Canada. Neteller PLC’s 2004 annual report states that Cardload Inc. is a wholly-owned subsidiary of Neteller
PLC.


I would think that netellers US banking connections have been shut down since the arrests. I have a feeling Neteller is having a hard time getting any bank to return their calls.

 

[bigbet1234]

That's great and all, but there are tons of companies that are in the red, but appear to make a fortune.

Remember NETELLER took in every penny they have to pay out, made interest and fees...

Sean

 

[levistep]

Maybe they have most of their funds tied up into some type of market earning interest. I remember hearing that dell does this too.

 

[WVU]

These guys are not broke. They are having issues getting a US processor. They should just send out checks which is what they will end up doing IMO

 

[fathead]

This is from Casinomeister. I am sure the CS rep was just misinformed or spouting her own opinion. They need to train their reps better for answering such questions.

******

"
I checked my neteller account this morning to find that my EFT withdraw was declined. When I went to live chat to ask about it they said they could not process withdraws for u.s. customers when the money came from a gambling site.

Sure am glad I have a neteller card!
"

 

[ClipJoint]

I have no idea how this will all play out as far as everyone getting paid, but I do know for certain that Neteller has your money. This isn't a BOS situation where all the player funds were being used for marketing.

 

[gbogo]

they cant use any US Bank to clear their funds, no bank will do so

they will have to transfer balances to their UK arm and write checks from those accounts.


if they are forced to repay in USD you are going to have a long wait as no decision will be forthcoming till all legal avenues are exhausted

as I have stated many times, clerks managers etc can tell you what they like - its a pure legal issue now and when that happens throw the book away a new set of rules exists

 

[TescoVee]

if US players can still do peer to peers, how come these books cant find trustworthy individuals to be the middlemen for us?

 

[Boston1]

If they are going to pay it is going to be to the Sportsbooks first. It could be a very long time before players are paid.

 

[AlwaysKeen]

agree with wvu and clipjoint here...