If Neteller is sooo backed up with EFTs then why....

muskie · #1 01-23-2007, 04:42 PM

Why are European transactions business as usual? This is scary to me unless there is a rational answer that I don't know.

bigvd · #2 01-23-2007, 04:47 PM

They probably use different payment processors in Europe, which aren't backed up.

Slim Pickens · #3 01-23-2007, 04:48 PM

Americans are screwed anyway. It's not so much a queue as a stack. They'll process new transactions from their non-US customers before any of the US backlog because they don't stand to lose any more business than they already have by annoying their US customers.

wildpokerman · #4 01-23-2007, 08:27 PM

[ QUOTE ]
Americans are screwed anyway. It's not so much a queue as a stack. They'll process new transactions from their non-US customers before any of the US backlog because they don't stand to lose any more business than they already have by annoying their US customers.

[/ QUOTE ]

Good point, threatening them with lost business at this point is a waste of time.

joeker · #5 01-23-2007, 08:30 PM

They're not going to screw Americans

EFTs to American banks are processed through the American Clearing House which has clamped down to stop these transactions

This is old news people, it's not Neteller's fault

prodonkey · #6 01-23-2007, 08:31 PM

ACH stands for Automated Clearing House

joeker · #7 01-23-2007, 08:32 PM

[ QUOTE ]
ACH stands for Automated Clearing House

[/ QUOTE ]

whatever...it's part of the American banking system run through the Federal Reserve

curious123 · #8 01-23-2007, 08:39 PM

[ QUOTE ]
[ QUOTE ]
ACH stands for Automated Clearing House

[/ QUOTE ]

whatever...it's part of the American banking system run through the Federal Reserve

[/ QUOTE ]

As I understand it, not necessarily- there are two actual ACHs, the Fed and the EPN.

joeker · #9 01-23-2007, 08:44 PM

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
ACH stands for Automated Clearing House

[/ QUOTE ]

whatever...it's part of the American banking system run through the Federal Reserve

[/ QUOTE ]

As I understand it, not necessarily- there are two actual ACHs, the Fed and the EPN.

[/ QUOTE ]

Fine...neteller is stealing Americans money

Unabridged · #10 01-23-2007, 10:02 PM

all the money they need to cash out all the US accounts isn't liquid and they'd rather keep getting interest. for euro customers its buisness as usual because they can't piss them off, but since all the US is getting the boot it doesn't matter how they treat us.
the banking system doesn't run on tubes and it doesn't get clogged up.