Official Neteller Update Thread Part 2

[yahboohoo]

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I dont think the customer money is included in the group's cash position. Neteller's "cash position" is its OWN cash, not the cash it holds in trust for customers...

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Good point. Could certainly be true.


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anybody have an useful thoughts on how long till we see the $$$. im kinda hoping for real insight, not "when hell freezes" type answers.

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More than one source over at the NETeller Customer Coalition site has claimed that the turnaround time from when you request your cashout (commmencing no later than July 30) to when you receive your funds will be about 5 days. I only repeat this because more than one person said "they spoke to someone at NETeller" or "knew someone at NETeller" or something along those lines. It may or may not be true. But it sounds reasonable to me. If they're going to process any requests at all, I have to wonder why it would take more than 5 days -- EFT, no gov't interference.

Any hiccups, I expect, will be from US financial institutions who (erroneously?) reject NETeller transactions for whatever reasons.