I think this is a new policy, because I havent heard of it prior to now. I bet Neteller felt they were losing revenue to NON merchants using their services like a merchant would.
I think the Neteller concept always was to be a vehicle for MERCHANTS to accept and make payments to clients. NOT for clients to use it as an alternative banking method for private party money exchanges. It looks like they may now be trying to enforce that ideal with new policies.
That will be a major pain. My people will hate it. Now I give instant payments, if I have to go through a bank and snail mail checks it will take forever.
And I pay a goodly amount of fees for this – just because I like paying people with lightning speed. Makes everyone happy.
Neteller is making nice money off me.
If I can’t pay my people through it anymore, it’s useless to me and I will stop using it entirely.