Neteller's Director of the Board Resigns

[omgwtf]

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95% sure neteller will be a goner, but someone else will step up.

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MagCFO can you elaborate on this? My understanding is that the banking regulations would go beyond what is actually required by the legislation if they blocked Neteller.

Neteller does have the problem that it has shunned the general merchant community (charging a $1000 setup fee for merchant accounts, etc.), but Neteller is smart enough that I think they will focus their efforts to expand "legitimate commerce" uses for its service before the regs are implemented.