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Old 02-10-2007, 07:13 PM
Sniper Sniper is offline
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Join Date: Jun 2005
Location: Finance Forum
Posts: 12,364
Default Re: Neteller Update...

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Thanks Sniper, that does makes some kind of sense and I feel a little less paranoid now. Though if I had a peer who was willing to use Neteller to deposit money to a gaming site for me, I could just as easily wire them the $ as do a Neteller transfer. But I can see why your argument might make sense to a lawyer.

I'd still like to know why they won't allow US customers to transfer their money to non-US bank accounts. They seem to be paying much more attention to the concerns of the US government than their customers - admittedly soon to be former and never again customers, but I can't help feeling they are damaging their reputation outside the US.

[/ QUOTE ]

They may be damaging their reputation a bit, but if you keep in mind that they continue to process non-US business, as usual (or close to it)... most outside the US will not give the US situation much thought, unless they feel that the country where they live will follow the US's lead.

The more concerning part to me, is that their stock is still not trading again... which as I've said repeatedly means, that there is potentially more bad news (or at least more going on that they can't disclose yet).

We might learn more, after the founders appear in court, which I believe should be this week...