Neteller to stop processing transactions?

[BranFlakes]

Does anyone here think that Neteller would release United State Resident transactions to the United States Government Authorities if pressured to do so?
If I knew the answer was yes, I would close out today and have my Neteller transcations destroyed.
Another question is: would Neteller destroy your records if you requested that of them?
A clarification of their stance on this matter without a law school degree is what I am looking for.

 

[nimue77]

The major books should get together and start their own neteller like service. It makes perfect sense. It could actually end up taking netellers non u.s. market as well.

 

[bigplaymaker+]

just did a neteller deposit - went as usual nice and easy.

 

[Willie99]

It seems to me that new depositing options will soon appear to get around these laws. When one door closes, another opens. Right now, opening an offshore bank account can be costly, but If gamblers enter the market, I expect competition to increase and costs to come down. You then make all transactions with your book through your non-US Bank.

I'm not even sure we'll need to do stuff like that just yet.

 

[snoop]

Neteller closed my acct today.

 

[Willie99]

Neteller closed my acct today.

Mine is active. I thought they said all accounts would remain open anyways?, just they may not be used for gambling by US residents at some time in the future.

 

[Fishhead]

Neteller closed my acct today.

On what grounds?

:think2:

 

[BostonBettor]

Did anyone receive Neteller's recent survey. Looking over the questions they were asking they certainly seem to be interested in branching out into other online transactions besides gambling. One aspect of the survey that did interest me was a question concerning a "virtual card". Specualtion on my part here but I wonder if you were able to transfer funds to and from this card, perhaps Neteller could use this as a work around the U.S. law?

 

[glenrobinson]

I just made a desposit 20 minutes ago, it went fine fwiw.

 

[564837jk]

Put funds in and out the pasrt week. All systems OK. Maybe just a rumor.

 

[M.O.B.]

yea, neteller deposits are fine right now. just made transactions like 5 mins ago

 

[AdamSelene]

They temporarily suspended his account because he logged in from another country. Entirely misplaced panic mongering post.

 

[wolfie_cr]

It does appear that what they are having trouble with now is international wires. Below is the response that someone got at a different forum regarding the issues this person was having with getting money wired to his non-US based bank account

"Hi x,

Thank you,

I have the letter from the bank. What currency is this account? If it
is USD, the chance of it going through is very minimal. We have most
International wires being rejected now. If they get rejected, it can
take up to 30 days or longer for us to be notified as the US is placing
holds on some of them. The US is also charging additional fees for the
wires they let through. Sometimes the fees are as high as 30.00 and are
paid by you, the recipient. This is out of our control so you must
consider all of this before you request a wire.
We recommend you choose a different currency such as Euro or GBP or
Canadian dollars.
If this account is USD, and you want us to send it in USD, we will need
the US corresponding bank information before we can send it. All US
funds must pass through the US.
Vicky"

 

[AdamSelene]

International wires getting rejected? On what basis and by whom? That's ridiculous and unheard of, would be interesting to get confirmation of this!

This is a letter from NETELLER to a customer??

They are complaining deposit (incoming) wires are getting blocked or withdrawal (outgoing) wires? Sounds very suspicious.

 

[wolfie_cr]

That is correct, its reportedly an email from neteller to a customer. The claim is that wires from neteller to customers not based in the US are getting delayed/facing increased fees/being rejected

Read the whole thing here

http://forumserver.twoplustwo.com/showflat.php?Cat=0&Number=8121190&an=0&page=5#Post8121190

 

[wolfie_cr]

btw what do this means for customers and merchants ? get an account in a different currency to avoid getting charged the exchange rate fees twice (besides looking at the things that are happening these days....probably a good idea to keep some amount of cash reserves in a currency other than USD!)

 

[nimue77]

Any Americans having problems with wires to their u.s. bank from neteller?

That is correct, its reportedly an email from neteller to a customer. The claim is that wires from neteller to customers not based in the US are getting delayed/facing increased fees/being rejected

Read the whole thing here

http://forumserver.twoplustwo.com/showflat.php?Cat=0&Number=8121190&an=0&page=5#Post8121190

 

[wolfie_cr]

I 'think' and this is something I cant verify myself (I simply saw somebody saying that) that a USA based neteller account doesnt have the option of 'withdrawal via wire'

I am sure that someone can take a look and see if thats true or not

 

[CarolinaKid]

i use neteller here today with the card for a cash out and had no problems....ck

 

[Jewelz22]

I made a withdrawl yesterday.....I keep you posted if it went through