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After all this mess regarding Neteller there are questions arising regarding the safety of funds.
Neteller is regulated in UK by the FSA and it’s stated that over 110% of in-transit funds are held in independent trust accounts.
I don’t know the exact legal picture behind FSA regulated companies. I think that client funds must be held separately from company assets and liabilities, so, in case of bankruptcy or liquidity problems, they must have a sum of at lest the total of client deposits.
If that’s true, if any problems occur, they will have the money to pay all clients with money accounts who will have legal priority, and the rest will be divided between other type of creditors and finally to stockholders.
I don’t know if it is exactly this way. this is a question of legal picture. would like to here some comments on this.
I think neteller is risky for all of us. as fast as i get money in , I am at the bank machine taking it out. it’s only a matter of time before they fall.
Falling does not mean you aren’t paid. That’s why I’m asking here if someone know the requirements of FSA.
If some people is able to withdraw funds, what is true, it leads me to believe that what is really going on is a problem between Neteller and US banks.
Quote:Falling does not mean you aren’t paid.It very well could or it could mean waiting months or years to access your money.
Us Residents cannot retrieve their funds. Many of us have tens of thousands of dollars tied up with no way to access them and no guarantee as to when we will ever see these funds again.
Thats not an intellectual exercise or discussion of theoretical rights or legalities. Our monies are inaccessible. Period.
Anyone who continues to work with Neteller runs those same risks.
Yes ,what is happening to our american friends is awful and i rather look paranoid than be here next month whining about my lost money.I just got 600.00 this morning and already been at the bank machine to pull it out.
Anyone can be a registered Money services Business and there is nothing stopping them from just walking away from the USA accounts and taking whatever they have stashed in other countries and estabishing company “b”
THERE IS ALSO THE REAL POSSIBILITY NETELLER DOES NOT WANT TO TRANSFER MONEY FROM ANOTHER COUNTRY because it may show their hand to DOJ.
There will also be big red flags attached to any money that is sent to you by neteller and the big accounts will surely be under magifying glass.If i made $50,000 a month and was USA citizen I would be buying a nice condo on a golf course in Bahamas and leaving USA.
We are not going to get paid, if we do contact me so we can have a huge party.
They have out and out lied to us all. They told us we are administrationally overloaded we will have delays of up to 2 weeks. Its now been 3 weeks and they refuse to discuss the issue at all. I doubt we will ever see those funds; I have no trust at all for people who tell lies; none at all!
