[thedorf]

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andywend,

I don't claim to be any more knowledgeable about Neteller than anyone else, but I do have faith in them in terms of their returning money to all their members, in due early course. (I accept this is based mainly on their being authorised by the FSA, and knowing personally through what hoops one has to jump to become authorised.)

Unless they have been running a fraud on an absolutely massive scale, with the knowledge and assistance of many employees, accountants, banks, etc, they have all money belonging to their members, fully intact. Why they can't or won't release this, immediately, is a matter for speculation, at this moment.

The longer they hold onto US members' money, without releasing a full explanation, the more damage to their credibility occurs, and their other members throughout the world get more nervous and move their money out. A slippery slope of which they are obviously fully aware. If they hold onto US members' funds for more than six weeks, I doubt if they will ever recover to be the big name they were. On the other hand, if there is some strange but reasonable logistical problem that they have, owing to what has suddenly happened, and they solve this and start moving money very soon, the opposite may happen, and confidence in their business ethics should be completely restored, (as far as the rest of the world is concerned).

Whatever happens over the next few weeks will be a major learning experience for just about every company, and, indeed, every individual, in the world.

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Mike,

After what point in the future do you think you would say, "I don't think neteller will ever return the money." ??