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Reply To: DOJ freezes NETeller funds

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#725798
biggyg
Member

i have previously stated that Finance ,forex currency exchange is my primary job.I worked for Bank of montreal in Canada for 6 years so have some knowledge which may or may not be useful to any of you. My take is your neteller money is lost …forever.If neteller dont claim bankrupct the DOJ will seize it as proceeds of a crime if there is a comviction. There is a small clause in the electronic banking act which allows you to dispute any electronic transaction up to 90 days. So if it were me and neteller had my money tied up ,I would be going in the bank with the last 3 month bank statements and disputing any and all debits from my bank TO NETELLER. I realise this will not help alot of us but may help some who use neteller for gambling.

Yes I know this will cause a chain reaction in the industry but at the end of the day i would be looking out for my finances and my heart would not be bleeding for the casinos , processors and credit card companies.

For me personally I am not affected because my account is in canada and I havent made a deposit in neteller in 6 months ,just use it to collect my commissions but some people here Earn their commissions then gamble them away .

In 2 months at least half the industry has walked away from the US market and those choosing to stay are falling over eachother to find a way to keep the US market .

There is another reason I am posting this , It is so we can see what neteller is thinking right now .Any person who gambled online in the past 90 days can get 100% of their money back .All those millions deposit via banks in past 90 days can be reversed just by filling out a form .So netellers millions get wiped out , the casinos get the reversals and it trickles down the chain. That is the risk right now folks and that rick wont be passed for neteller until some time in April .