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

[muskie]

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

[bigvd]

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

[Slim Pickens]

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]

[ 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]

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]

ACH stands for Automated Clearing House

[joeker]

[ QUOTE ]
ACH stands for Automated Clearing House

[/ QUOTE ]

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

[Slim Pickens]

[ QUOTE ]
They're not going to screw Americans

[/ QUOTE ]

I didn't mean to imply they were going to steal people's money. I'd say they are about 0% to do that since they're required to keep 110% (I think) of deposits in assets as a condition of being publicly traded. They have the money. They just maybe need to get it back from wherever they stashed it and that might take some time. While that's going on, they could care less about US customers being mad about the delay because those customers' business is lost for good anyway for reasons beyond Neteller's control.

[PrayingMantis]

[ QUOTE ]
While that's going on, they could care less about US customers being mad about the delay because those customers' business is lost for good anyway for reasons beyond Neteller's control.

[/ QUOTE ]

Yes but they have a lot of non-US customers who follow this whole thing very closely. It will be very bad for their future business if some Americans don't get their money, for instance.