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Old 02-05-2007, 10:43 PM
Pokeraddict Pokeraddict is offline
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Join Date: Dec 2003
Location: Not Absolute
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Default Re: Interesting Washington Post Article About NETELLER

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Every site we play at should demand that we get our money back or they will not do business with them. If one site did this I would play there and so should all of you.


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The problem is that Neteller holds large reserves to cover any fraud/chargebacks. If the rooms stopped doing business with Neteller they could find themselves in the same boat so many US players are in as they would certainly be at the end of the line.

My biggest fear is a total Neteller collapse. Neteller owes each and every room a fortune. They carry a rolling reserve of what I understand is 60 days. If they go bust then this would have a ripple effect on the industry as weak rooms would almost certainly fail.

This is worst case scenario but it is not impossible. Hopefully Neteller can at least stay afloat for another 45 days or so and pay the rooms the money they owe them.
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