Surely Neteller is protected from a breach of contract class action...

[elonkra]

...in the contract they sign with you, correct?

[jrbick]

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[elonkra]

Are they breaching their contract?

[DopamineRelease]

Do you mean by denying US customers the chance to withdraw funds via Neteller from merchant sites?

[elonkra]

I should have prefaced my statement by clarifying that I don't really understand the specifics of what's going on, but it seems some folks (including myself) have money tied up in Neteller, and I'm simply wondering what Neteller's contractual obligations are in terms of making money availablle for prompt withdrawals, and whether they're breaching any of those obligations such that a suit could be brought for the damages caused thereby (lost interest/time-value of money).

[Sniper]

Going to be hard to make a case that they are doing anything wrong by attempting to follow the law [img]/images/graemlins/wink.gif[/img]

I don't believe there are any guarantees as to withdrawal times, so if what used to take 2 days is now taking 2 weeks... its really just an issue of being patient.

They are regulated by the FSA, fwiw.

[JayA]

Interesting. Answer would be nice...so that I can hurry and get a pending EFT. [img]/images/graemlins/grin.gif[/img]

[webmonarch]

I'm an attorney, and I tell you that only as preface to my answer: Neteller is not going to be in breach of contract with its customers for following regulations. You can't be held liable for following applicable law.

In fact, Neteller would face greater liability by continuing to accept US customers (for gambling transactions) because a contract that is illegal is unenforceable, and if a subsequent customer was encouraged to sign up and somehow lost their money (because US confiscates, or whatever) Neteller would potentially be liable for an unconscionable contract (unlikely, but possible).

[Sniper]

[ QUOTE ]
.so do u think ill ever see that 540.

[/ QUOTE ]

You will see your money... just be patient...