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It’s not the individual ewallets that can’t be trusted, I am sure they would prefer business as usual.
It’s the political climate that can’t be trusted.
Are there any ewallets that have never touched sports?
And it has: Following federal charges against executives from both companies, dozens of the more than 2,300 websites that service online gambling have stopped taking U.S. wagers.
This quote from that article – there are no charges pending against any current executives of Neteller as far as I know. Their original founders were arrested. Seems like Neteller jumped the gun freezing the money before any official action has been taken on them. Unless they just decided to suddenly be proactive (of course a day late) and work out a deal with DOJ and screw their customers in the process.
Somebody needs to start an ewallet that only transacts money with individuals/establishments that do gaming business with non US customers. You know, a small part of the market is better than none. Plus, if the US ever gets regulated they would be sitting in a good position.
All of these programs and money processors that were saying “business as usual” this past October were really just trying to get a last piece of the money before everything was shut down. And what this does is that for the people that tried to say within the law, they are screwed just like the people that are flaunting it. Again, I never cease to be amazed by the greed of the dummies and their shortsightedness.
” FBI Agent Neil Donovan says funds from Neteller are being held in court as potential evidence. Some customers may get their money back, but he did not provide a timetable”
OMG, thats sounds freaking horrible! We might never see are money again.
The truth is that the money is in limbo and the companies are not required to refund any money until a successful prosecution or settlement takes place,” says Michael Tew, principal of gaming consultant CapitalHQ. “This could take years.” Funds from other gambling sites are not tied up, Tew and others say.
Kinda reads that betonsports neteller funds are held only?
Hi all,
I’m amazed the DOJ can freeze funds that aren’t even in their country.
something very wrong with that whole picture.
Does this affect all accounts, or only American accounts?
I am not taking chances with my money in neteller .I have a couple small payments coming less than 200 each but anything else im wiring in my bank .I dont want to wake up tomorrow to find all neteller cards are blocked.Did usa clients get any notice their cards were being cancelled?No and i dont think the rest of the world will either. I am playing on the safe side .If we all had 75% cut in income we may be able to carry things for a short time but sooner than later we would be in a mess.
I think neteller is smoke and mirrors right now and they are doing their best to put on a front that protects the shareholders . We will all be named creditors in a bankruptcy court very soon .
casinobonusguy wrote:We will all be named creditors in a bankruptcy court very soon .Bingo !! Right on the mark.
I am such an *sshole for leaving my money there. I was waiting for 1 additional payment before withdrawing, and that wait will cost me $ 3,000.
NETeller is done. But ath this point, can we assume that our money in any eWallet is safe ??? ePassorte has diversified business, but can we even trust that vehicle at this point ?
Well I dont want to sound like i am suggesting abandoning american players and affiliates but if there was an ewallet around that didnt deal with USA i would trust them ,any others will be taken down one at a time unless the new president in 2008 throws this garbage out.
the way it read to me is not all neteller accounts frozen……. just the ones involved with betonsports ???
Poker Dude wrote:http://www.usatoday.com/tech/news/2007-02-01-net-betting-crackdown_x.htm?csp=34I guess I’ll take my $ 3,000 “bad debt” loss on my taxes next year…..
Can any eWallets now be trusted ?? Is ePassporte next ?
I wish it were that low of a loss for me but its about 15x that. :shooter: I guess I too will be screwing my uncle the same way he screweth me.
I thought neteller worked with other merchants? This is a crock of BS.
f&p wrote:This quote from that article – there are no charges pending against any current executives of Neteller as far as I know. Their original founders were arrested. Seems like Neteller jumped the gun freezing the money before any official action has been taken on them. Unless they just decided to suddenly be proactive (of course a day late) and work out a deal with DOJ and screw their customers in the process.Exactly my friend, exactly.
bb1webs wrote:Hi all,I’m amazed the DOJ can freeze funds that aren’t even in their country.
something very wrong with that whole picture.
Exactly my friend, exactly. This really makes me sick to be an american.
bb1webs wrote:Hi all,I’m amazed the DOJ can freeze funds that aren’t even in their country.
something very wrong with that whole picture.
This may apply to funds held in accounts on US banks, and because Neteller needs a US bank to pay in USD.
Neteller accounts that are in other currencies than USD can’t be frozen by DOJ, and they aren’t.
If that happens, any individual could present a charge to FSA in Britain against Neteller for freezing funds. And as long as I know, there is no order from European regulation to freeze funds.
So, EUR, AUD, and others does not have anything to do with US and with DOJ.
…and I think the funds are not really frozen by DOJ but by Neteller. And the reason is: Neteller can’t find a solution to pay US citizens because US banks are not accepting unless the DOJ allows a settlement.
Neteller can’t find a solution to pay US citizens
Hi all,
well that raises the question: who made it impossible to do peer to peer?
was this a DOJ action, because I didn’t read about being their doing.
ifnot: then one must assume NETeller is milking the situation IMHO.
I asked this in another thread, but will repeat it again: anybody know the process for closing an account with NETeller?
I was lucky enough to get a peer to peer done under the wire; and now figure I might as well close the account in case their are more complications with the DOJ, that they might not choose to go after anybody already closed and done with. Not too mention my son has an account with them that he never used for gambling. It was just an easy way for me to transfer funds to him for use at college and I very much don’t want him caught up in a mess that he had nothing to do with.
thanks in advance for any advice in this area. I suppose I’ll get around to calling them and asking, its just such a long wait/hassle I thought if anybody knew off-hand, I’d be way ahead of the game to ask here.
