Re: Complaining to British regulators about Neteller
IMO Neteller keeps most (90%) of their clients' accounts in CD's and bonds with short to medium maturities like banks do with depositors money.
By leaving the US market, Neteller has created a "bank" run on their deposit accounts. It will take 2-4 months for the CD's and bonds to mature so that Neteller can refund their US accounts.
However, they have ruined their reputation and will never regain their dominant status in the industry when the DOJ war on online gambling falls to WTO and court litigation. Maybe they should have stuck with the US market and suffered the consequences which would not have been as bad for their business as the present situation.
|