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Old 02-01-2007, 11:56 PM
george w george w is offline
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Join Date: Oct 2003
Location: austin, tx
Posts: 1,790
Default Re: No more P2P at Neteller for US-customers

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i dont see how they can file bankrupcy? all money is REQUIRED to be held in low risk bank accounts and this place has little overhead.

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Sublime,

have you verified or see this verified to be true? I ask because I honestly don't know but it was my understanding that while neteller has stated that all funds are held seperately in trust, there isn't an actual or agency which requires them to do like there are for US banks for example.

am I wrong?

btw-nice work on the suzzy replies

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i'm just going on memory here but US banks don't hold all their customers' funds in seperate accounts. they're only required to keep a percentage and that percentage is pretty low. but the government does insure your money in US banks. neteller isn't a bank and nobody is insuring your funds there. if they say they keep all the funds in a seperate account i don't see how they could lie about it since they're publicly traded.
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