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What are your thoughts?
It isn’t looking good IMO. The Neteller website now states “At this time, our ability to provide US members with withdrawals is significantly reduced. As a top priority, we are working to resolve all withdrawal issues”
So there is no mention of any time frame. Not good. I suspect American’s will never get their money directly from Neteller.
So if that is the case, we need to start posting here any information pertaining to Government agencies that can help our players. I believe we owe it to our American players to give them as much information as possible. We’ve all made money from these players, so it’s time to face up to the very real possibility of Neteller not paying.
For example, Neteller is regulated by the UK’s Financial Services Authority http://www.fsa.gov.uk/ That is one place to start doing research.
I’d transfer any money from NETeller into a casino and then withdraw it another way.
slotplayer wrote:I’d transfer any money from NETeller into a casino and then withdraw it another way.Cant do that if your from the USA , you might be able to do a peer to peer thow with someone trustworthy , then have them send you paypal or a check
Slotplayer, Neteller will no longer transfer money from an American account to or from any gambling site. So your idea won’t work.
Offsuit, Peer-to-Peer transfers are problematic. In addition to the excessive fees. Neteller has a history of locking the accounts of people who send or receive frequent peer-to-peer transfers. Once the accounts are locked, it takes a lot of work to get them reopened. Neteller really puts the account holders through the 3rd degree. So, in theory, your idea is doable, but account holders should be aware that they will almost certainly have problems (especially if those transfers are for large sums).
Bottom line, Neteller states that all accounts are covered by funds held in trust. If that is the case, why aren’t they processing any withdrawals of U.S. customers?
I’m looking for information that will help my players if Neteller doesn’t pay; and I believe that is exactly what will happen.
We have made a lot of money from our players. It’s time to step up to the plate and help them out.
ramjack4 wrote:Bottom line, Neteller states that all accounts are covered by funds held in trust. If that is the case, why aren’t they processing any withdrawals of U.S. customers?Well considering that a lot of withdrawals went from accepted back to pending I believe that they wanted to see the impact of the loss before they let all that money go. My paranoia had me thinking if the impact was big enough they were just going to take all the held money and run. Either that or use it to better position themselves in other areas prior to releasing it.
I have a large amount now pending, I hope that some time next week it will be released to me. I will then do another withdrawal of whats left and prepare my resume to reenter the real world. This party is over.
axl wrote:I have a large amount now pending, I hope that some time next week it will be released to me. I will then do another withdrawal of whats left and prepare my resume to reenter the real world. This party is over.Don’t hold your breath. I would bet $5000 that no American will see any money next week. It will probably be months if ever.
It’s time to start work on Plan B.
there not some fly by night operation , they are a publically held company , its going to take time but unless they declare bankruptacy your cash is safe even thou it will take a little while to get out.
the27offsuit wrote:there not some fly by night operation , they are a publically held company , its going to take time but unless they declare bankruptacy your cash is safe even thou it will take a little while to get out.I hope you are correct. But BetonSports was also a publicly held company, and they still haven’t paid many U.S. customers.
BOS cannot pay US players because Antigua is refusing to obey the US government demand to release the funds.
Players are caught in the political mire.
Goes through their banks… not sure of the details, just remember the headlines.
Don’t have time to search the news for a proper answer now…
When talking to neteller yesterday they told me that the company that process efts for them has stopped.
So for now 1k a day ATM withdrawals is all we have or checks which they say will take 8 weeks.
curious I don’t like Neteller all that much, but can tranfers still be made between members holding Neteller accounts? Transfer within Neteller.
greek39
Dominique wrote:Goes through their banks… not sure of the details, just remember the headlines.Don’t have time to search the news for a proper answer now…
BETONSPORTS FACES LEGAL ACTION FROM ANTIGUA-BARBUDA REGULATOR
bluebook wrote:When talking to neteller yesterday they told me that the company that process efts for them has stopped.So for now 1k a day ATM withdrawals is all we have or checks which they say will take 8 weeks.
Neteller is stopping ATM withdrawals to US customers.
