HoosierAlum 0 Posted January 27, 2007 Share Posted January 27, 2007 Sigh. Looks like the $ I have on my Neteller card is going to vanish into thin air along with the pending $ in my Neteller account.http://content.neteller.com/content/en/mem...inessupdate.htm"How can I withdraw funds from my NETELLER account?At this time, our ability to provide US members with withdrawals is significantly reduced. As a top priority, we are working to resolve all withdrawal issues, but in the meantime we continue to maintain these funds in trust on your behalf. Please check this page regularly for more updates.Why can’t I use my Gold NETELLER Card anymore?The Gold NETELLER Card is not available as a withdrawal option at this time.We are doing our best to restore our withdrawal options but don't know how long this will take. In the meantime your funds are safely maintained in trust accounts. We will communicate any updates as soon as possible.Why can’t I get a Gold NETELLER Card anymore?We are temporarily not issuing Gold NETELLER Cards. The Gold NETELLER Card is not available as a withdrawal option at this time. "Basically there is no way for US customers to currently get their $. Trading on the stock has been halted since the announcement to stop US transfers, which tells me that Neteller has little interest in continuing operations even outside of the US. I was hoping that a private equity firm would propose a buy-out, but it looks like this is unlikely as well. Not good. Link to post Share on other sites
chgocubs99 0 Posted January 27, 2007 Share Posted January 27, 2007 Luckily, the world is a better place now that the government stepped in and made stuff like this happen. Link to post Share on other sites
Janfor99 0 Posted January 27, 2007 Share Posted January 27, 2007 Hi, Check out http://www.compatiblepoker.com/usa.phpPretty decent site for updated information.Archived Hourly UpdatesUpdated Saturday Jan. 272:54pm - Neteller just stated that EFT's will not go through until the end of February (if we're lucky). I requested a check withdrawal on Jan 16 for $142...(puny, I know) but haven't recvd. it yet either. Link to post Share on other sites
HoosierAlum 0 Posted January 27, 2007 Author Share Posted January 27, 2007 Hi, Check out http://www.compatiblepoker.com/usa.phpPretty decent site for updated information.Archived Hourly UpdatesUpdated Saturday Jan. 272:54pm - Neteller just stated that EFT's will not go through until the end of February (if we're lucky). I requested a check withdrawal on Jan 16 for $142...(puny, I know) but haven't recvd. it yet either.Wow that is terrible. Will we be able to receive checks before then? Link to post Share on other sites
MyPlayIsRAB 0 Posted January 27, 2007 Share Posted January 27, 2007 Wow that is terrible. Will we be able to receive checks before then?i thought the checks were gonna be relatively quick.. 2 weeks or something Link to post Share on other sites
Janfor99 0 Posted January 27, 2007 Share Posted January 27, 2007 Wow that is terrible. Will we be able to receive checks before then?I don't know. There are alot of threads on P5s; on one thread the Neteller phone support supposedly recommended requesting a check withdrawal, but it's hard to judge if any of the information is really accurate. Link to post Share on other sites
krup24 0 Posted January 27, 2007 Share Posted January 27, 2007 I requested a check withdrawal on Jan 16 for $142...(puny, I know) but haven't recvd. it yet either.I requested a check on Jan 15 and received it via regular mail last Saturday. Link to post Share on other sites
Pot Odds RAC 23 Posted January 27, 2007 Share Posted January 27, 2007 Guys, I am sorry, but this is one of the risks of dealing with a completely unregulated industry. You have no guarantees on what they do with your money. Your money is in a "trust"? Yeah, sure it is!!! Did the US Gov't action precipitate this? Damn right it did. Was it gonna happen eventually anyway the first time there was a "run on the bank"? Damn right it was. Link to post Share on other sites
Janfor99 0 Posted January 27, 2007 Share Posted January 27, 2007 I requested a check on Jan 15 and received it via regular mail last Saturday.[/quoteLooking back, i requested my check on the 18th, not the 16th, right after Neteller announced they were pulliing out of US market. ;)QUOTE(Pot Odds RAC @ Saturday, January 27th, 2007, 10:33 AM) Guys, I am sorry, but this is one of the risks of dealing with a completely unregulated industry. You have no guarantees on what they do with your money. Your money is in a "trust"? Yeah, sure it is!!! Did the US Gov't action precipitate this? Damn right it did. Was it gonna happen eventually anyway the first time there was a "run on the bank"? Damn right it was. I understand the risk involved, I think we're all just trying to keep up with the most recent information. Link to post Share on other sites
HoosierAlum 0 Posted January 27, 2007 Author Share Posted January 27, 2007 Guys, I am sorry, but this is one of the risks of dealing with a completely unregulated industry. You have no guarantees on what they do with your money. Your money is in a "trust"? Yeah, sure it is!!! Did the US Gov't action precipitate this? Damn right it did. Was it gonna happen eventually anyway the first time there was a "run on the bank"? Damn right it was.Neteller is a publically traded company on the London Stock Exchange. They aren't "unregulated". Link to post Share on other sites
Pot Odds RAC 23 Posted January 27, 2007 Share Posted January 27, 2007 Neteller is a publically traded company on the London Stock Exchange. They aren't "unregulated".So, just because they are traded on the LSE you think when dealing with On Line Casinos and other Gaming Tranasction providers you have similar Reserve and FDIC protections that you get when dealing with a Bank? Part of the issue is that they ARE publicly traded. When there is a selloff and their bubble bursts and the stock tanks where do you think your bank roll is gonna end up? Link to post Share on other sites
HoosierAlum 0 Posted January 27, 2007 Author Share Posted January 27, 2007 So, just because they are traded on the LSE you think when dealing with On Line Casinos and other Gaming Tranasction providers you have similar Reserve and FDIC protections that you get when dealing with a Bank? Part of the issue is that they ARE publicly traded. When there is a selloff and their bubble bursts and the stock tanks where do you think your bank roll is gonna end up?No obviously they don't have the same FDIC protections. I was just pointing out the fact that they are a regulated and publicaly traded company, not some shady rouge site. Link to post Share on other sites
DonkSlayer 1 Posted January 27, 2007 Share Posted January 27, 2007 What's really messed up about this....they tried to get me 3 or 4 times to get a card and withdraw that way instead of doing EFT. Link to post Share on other sites
SilentSnow 1 Posted January 27, 2007 Share Posted January 27, 2007 Like many other people, I have a thousand dollars on Neteller that is "pending" and looks like it might be forever.Does anyone really know if canceling the EFT and trying to get a check will actually help?I hope it works out, but I think it might now be time to make the official "We've been ****ed" thread and see who got screwed over the most this month. Link to post Share on other sites
TheMathProf 0 Posted January 27, 2007 Share Posted January 27, 2007 Does anybody else find it ironic that steps like the UIGEA were put into place to "protect online gamblers" from themselves, but the DOJ enforcement of laws is causing online gamblers to be more vulnerable than they were before? Link to post Share on other sites
Fubar The Sperm 1 Posted January 27, 2007 Share Posted January 27, 2007 Just called netteller because I made an EFT. I'm Canadian and he said the problem with delays was between netteller and American banks and that my wait would be 4-6 days. Hope this is true. I just withdrew some money from FCP to netteller and then back into my bank account so its not like I had money sitting on netteller that could have dissappeared. Link to post Share on other sites
Waffles2003 1 Posted January 27, 2007 Share Posted January 27, 2007 Like many other people, I have a thousand dollars on Neteller that is "pending" and looks like it might be forever.Does anyone really know if canceling the EFT and trying to get a check will actually help?I hope it works out, but I think it might now be time to make the official "We've been ****ed" thread and see who got screwed over the most this month.I just called neteller and asked them about canceling my EFT and request a check instead. The lady said that Checks take actually longer than EFT!!!She also said that it was our money, not theirs and they would not take it from us, obv.Once they reopen the EFT, they will process them on a first come first serve basis. Link to post Share on other sites
tecapparatus 0 Posted January 27, 2007 Share Posted January 27, 2007 This thought just came to me,Is there any non-gambling site that we can transfer money to and then withdraw/cash out?"Can I still use my NETELLER account?Yes. All US members and non-US members will continue to be able to use their NETELLER e-wallet account for safe online transfers to and from non-gambling merchants and secure peer-to-peer transfers with friends and family around the world." Link to post Share on other sites
Janfor99 0 Posted January 27, 2007 Share Posted January 27, 2007 This thought just came to me,Is there any non-gambling site that we can transfer money to and then withdraw/cash out?"Can I still use my NETELLER account?Yes. All US members and non-US members will continue to be able to use their NETELLER e-wallet account for safe online transfers to and from non-gambling merchants and secure peer-to-peer transfers with friends and family around the world."Apparantly, finding another Neteller merchant is difficult too (based on 2+2 and P5s threads). LOLNot sure about the peer to peer transfers, that may be a good option. Link to post Share on other sites
HoosierAlum 0 Posted January 27, 2007 Author Share Posted January 27, 2007 I just tried to use my Neteller ATM card and I was able to get the max daily withdrawl..... Link to post Share on other sites
a__thekevlar__2 0 Posted January 27, 2007 Share Posted January 27, 2007 whats the max? and do you have to get it all in 20s from the ATM? Link to post Share on other sites
danlux 0 Posted January 27, 2007 Share Posted January 27, 2007 Yeah I've been able to use my Neteller debit card lately with no problems. Link to post Share on other sites
speedman_1 0 Posted January 27, 2007 Share Posted January 27, 2007 im canadian and have had no problem withdrawing 2 business days and i have been getting my eft's Link to post Share on other sites
Janfor99 0 Posted January 27, 2007 Share Posted January 27, 2007 Just noticed FCP has 'ewalletXpress" as a withdrawal option and I'm setting up an account. Maybe other sites will add them too. Does anyone have this? They are open to US citizens. Any stories? txGlad you guys have been able to get neteller atm card withdrawals...thats good news.woohoo, finally lost 'poker forum newbie' status Link to post Share on other sites
eYank 0 Posted January 27, 2007 Share Posted January 27, 2007 just a thoughtWhat if someone here thats Canadian or European accepted transfers from the American people. They then deposited the transfers on to stars, transferred the money back to the Americans on stars and the Americans request a check from starsNot sure if that makes any sense Link to post Share on other sites
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