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Thank god. We know how it can end up when people start to panic over payment systems -> see Russian banking crisis 98.
But deposits up to 20000 GBP are covered by a British government fund anyway as far as I know.
I am almost 100% sure that Neteller is a Canadian company based in Edmonton, Alberta, Canada
From neteller site, they moved some years ago from Canada
Corporate headquarters
– Douglas, Isle of ManRegional offices in:
– Calgary, Canada
– London, England
– Hong Kong, China
– San Jose, Costa RicaCool. Neteller’s top guys have obviously foreseen this scenario and prepared for a worst case scenario. Excellent!
Neteller also is requiring that you “accept” a new set of their terms and conditions. Read it carefully.
Neteller PLC is based on Isle of Man, UK.
I have been saying this. How can a US rule affect companies that don’t have assets and/or business operations in US.
I think that even a company that accepts bets from US residents, that is based on other country not USA, and who don’t have any assets or operations within US, can accept bets from US residents, since the gambling is not offered on US territory. In that case the only legislation that applies is that of the country where the gambling company is based. If they don’t advertise in USA, I think they can’t be prosecuted for accepting bets from US, like a coffe shop in Holland can’t be prosecuted for selling drugs to a US citizen.
Would like to ear some comments on this.
sharpgambler wrote:I have been saying this. How can a US rule affect companies that don’t have assets and/or business operations in US.Would like to ear some comments on this.
You’re asking how can the US affect something outside the geographical boundaries on the United States?
:tooconfusWhere have you been since the end of World War II?
:hehe:Name one geo-political situation where the US are not involved?
:Cry:Have you seen UK business men recently extradited to the US to stand trial for fraud (non-gamblnig related) ?
:Cry:Do you REALLY think that the invasion of IRAQ was for WMD … or for OIL ?
:Cry:Is the US trade Embargo of Cuba “fair” by any rational means?
:Cry:To simplify the Neteller question :
IF the US Govenrmnet decides it is a “weapon of evil” and outlaws ANY US company, bank, or individual to have any financial contact with it – and then pressures it’s allies (UK, Australia, Canada to as well) then Neteller dies.
all it would take would be a biased senate – a well funded lobby group, and a crazy out-of-touch president ..
uh-oh …
:nervous:(apologies for the rant – but the powers of the US government are truely global – and surely that obvious to any one and every one??)
These regulations will be necessary in order to require each designated payment system and all participants therein to identify and block or otherwise prevent or prohibit restricted transactions, the statement says.
No one said Neteller will face prosecution. What WILL happen is they will not be able to conduct financial transactions or transfers with US citizens. This would include Players and Affiliates.
I am certain they will continue to service the European and asian markets.
continue to service the European and asian markets.
I really frickin hope so. I´ve got a big cheque in the queue :nervous:
I know the power of US, but in anyway,
From what I know, although I have to consult some more persons,
An online casino based in Antigua with assets in Antigua and servers in Antigua (or whatever country) does not have to issue a statement saying that it will not accept bets from US citizens. They only must stick to Antigua rules where the service is offered. They are free to accept bets from US citizens even if online gambling is ilegal in the US. That’s because they are not operating in the US.
If PartyGaming and others operate on other countries and do not have operations in US they don’t need to care with any US law, because it is not applicable to them. If they say they will not accept bets from US, it is their choice and not because they have to.
Except when the US threatens that country with sanctions.
If a business… ANY business…NO MATTER Where they are located …. loses 80% (or more) of their client base / Revenue what would you expect to happen to that company?
Partygaming has lost £3bn so far today and rising.
Professor wrote:Neteller also is requiring that you “accept” a new set of their terms and conditions. Read it carefully.
What has changed? Anyone have a copy of the previous terms to find out specifically what is different?
I noted that this “we believe your Account has been used or allegedly used in or to facilitate fraudulent or illegal activity” could affect all US affiliates and could be used to cease our accounts once the bill is signed into law. :wow:
I didn’t get a ‘new terms and conditions’ when logging in from the UK. I went via the homepage. Interesting.
