Neteller Update...

[KurtSF]

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Reuters article on the ban. Notice the complete misunderstanding of the content of the UIGEA.

http://today.reuters.com/news/articlenew...=rss&rpc=22

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Wow. If a respected, trusted news source is this misinformed, there is no chance that Joe Average will ever think that online poker is anything but "illegal".

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Online gaming companies have been doing business for many years in the United States, where the law was discouraging but ambiguous until a full ban in November.

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[joeker]

Yeah that was a horrible article

[Catt]

@ Sniper: Great job in this thread. Level-headed, concise, factual posts of valubvale info for all of us.

My only other comment is:

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a. On or about August 12, 2006, a cooperating witness (the "CW"), who at the time was located in Miami, Florida, used a computer to open an account on Neteller.com (the "Neteller Account"), and the CW electronically transferred $400 from a bank account in Miami, Florida, into the Neteller Account. On or about August 22, 2006, the CW, who at the time was located in Miami, Florida, used a computer to open a wagering account with an online gambling business based in Antigua ("Online Gambling Business #1), by electronically transferring $400 from the Neteller Account to Online Gambling Business #1. On or about August 24, 2006, the CW, who at the time was located in Miami, Florida, used a computer to access Online Gambling Business #1's website, and the CW then wagered $250 on a National Football League ("NFL") football game and won approximately $200. On or about September 7, 2006, the CW, who at the time was located in Miami, Florida, used a computer to access Online Gambling Business #1's website, and the CW then wagered $250 on an NFL football game and lost $250.
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b. On or about September 26, 2006, I was present with the CW at a public library located in Westchester County, New York. At that time, I observed the CW access the internet using a public computer at the library. The CW then used the computer to access Online Gambling Business #1's website, and the CW then withdrew $200 from his wagering account with Online Gambling Business #1 and transferred it electronically to the Neteller Account. Thereafter, the CW then placed a $50 wager on an NFL football game on Online Gambling Business #1's website using money that had previously been deposited with Online Gambling Business #1 using the Neteller Account.
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c. On or about December 29, 2006, in Westchester County, New York, I used a computer to access the Neteller Account by logging on to Neteller.com. At that time, the balance in the account was $100. I then transferred $25 from the Neteller Account to a wagering account with an online gambling business based in Costa Rica ("Online Gambling Business #2"). I then transferred $25 from the Neteller account to a wagering account with another online gambling business based in Costa Rica ("Online Gambling Business #3"). Then, I logged on to Online Gambling Business #1's website and used a link to Neteller.com to transfer $25 from the Neteller Account to the wagering account with Online Gambling Business #1 that previously had been opened by the CW.

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[nelson voice] Ha Ha. [/nelson voice]

[Sniper]

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@ Sniper: Great job in this thread. Level-headed, concise, factual posts of valubvale info for all of us.


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Thanks... appreciate the feedback...

[Jooka]

my deposit finally showed up this morning.

[jctc]

Okay, I guess I've been under a rock for the past week because I didn't know this was going on. Anyway, I have (had?) like $200 in instacash on Neteller...when I log in it takes me directly to the deposit page, with no evidence I have any money in there. Am I effed out of $200?

[N 82 50 24]

I made a 5K EFT on Jan 16 00:10 that said accepted. I then made another 5K EFT on Jan 18 04:08 and it said "cancel" then quickly switched to "pending". However, my Jan 16 00:10 one switched back to "pending" from "accepted" as of a few hours ago. I think that "pending" transfers are those that have been sent to the 3rd party processor, but have not been put in the bank account yet. I really don't know how long to expect to wait for these two EFTs.

I also requested a NETeller card (I had never gotten one because I always just EFTed money out) and I'll use that to do 1K a day until I can get my whole balance out.

[RakebackStore]

For what it is worth I called NETeller and they said the delay for EFT withdrawals could be as long as 2 weeks, but they will all be processed by then.

We'll see.

[Sniper]

NACHA Bulletin

[LeapFrog]

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Also, in the case of financial institutions processing entries that are received through a third-party
service provider, the financial institutions should know their customer’s customer


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Would the hypothetical scenario Bank of America ---> Neteller ---> Stars be an example of the above? As in Neteller is the 3rd party and somehow Neteller must tell the BOA where your money might be going before you have even decided?

edited to add: the quote is from the NACHA Bulletin

edited 2nd: Or would the 3rd party be some "clearing house" that is handling business between Neteller and BOA and BOA needs to be aware they are doing business with the now pariah? My lack of understanding of almost any aspect of the financial realms isn't helping me any here...