Neteller's Message

The Judge

Pura Vida!
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Aug 5, 2004
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They apparently intend to comply with the regulations once the Fed and Treasury draw them up. Very disappointing.
 

MadJack

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well, it sure sounds like they will comply with our laws when the law becomes clear and that's *IF* our own banks comply with the new laws.

the 270 days OR BEFORE. i say before because the bill says "up to 270 days. hell, it could be in effect next week, but will it?

i have read some articles where the author doubts they find a way before the 270 days and then it would be extended or shit-canned.

i have read that it might be too expensive for our own banks to comply. what then?

for the last 4 years neteller couldn't do business in maryland but i still used them. i just couldn't do any EFT's, that's all. i used neteller for moving money between books, withdrawaling from books and i took my money out of neteller by check. BFD!

truth is; NOBODY KNOWS what's going to happen so we have to sit back, relax, and wait and see.

in the meantime, your money is safe with neteller and the top tier non-public sportsbooks. if you're scared, get your money out and wait to see what happens.

another thing for sure; gambling will never end, a lot (most) offshore sportsbooks will never quit and more will open up to take the place of ones that bail and the same goes with transferring money to and from offshore sportsbooks.
 

SBBC

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Aug 14, 2006
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I think it will take them the full 270 to decide on how they will go about this.

I'm glad this is what our Gov't is worried about..BS
 

RIGHT SIDE

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Mar 19, 2004
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Just thinking ahead what would be our options for transferring money? Anyone look into that yet? Go back to Western Union? That was a pain in the azz....
 

BestPlay2day

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Dec 1, 2005
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If Neteller doesn't allow transfers to sportsbooks, would they even stay in business? Why would anyone paid their fees to transfer money to merchants? I bet most of their business and Firepay's business are to transfer money to offshore books or am I wrong?

One option if it comes down to it is to open a bank account in another country like England and you would be able to move money to offshores.
 

acehistr8

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Jun 20, 2002
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I've been making withdrawals through Instadebit or echecks at Pinnacle now for a few years and have had zero issues. But I dont know, not sure if they will stick or not.
 
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Dell Dude

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May 2, 2005
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NETeller is getting some very bad legal advice. They seem to be under the impression that they are covered under the law like a US bank and required to stop processing gambling transactions. Not true. They are only one of the so called restricted processors where US banks will not be able to process payments to them.

That only covers direct deposits. They are 100% free to perform sportsbook, casino and poker transfers for American citizens and 100% free to send Americans their money via any means.

They are an offshore business with no ties to the United States. Under no legal obligation whatsoever to not process gambling transactions led alone ban Americans. Only thing they have to do is not take direct deposits and their corporate board will be able to travel to the United States without any fear of being arrested.

Am I right or wrong? That is how I see it. What a bunch of pussies.
 

Dell Dude

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May 2, 2005
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This is really pissing me off. Before I was annoyed. But you know what. At least I am not in Iraq dying for nothing. That is the real outrage. This anti gambling law is just outrageous.
 
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