Official Neteller Update Thread Part 2

[bluey]

* NETELLER will start the process for the distribution of US member funds by 30 July 2007.
* US members will be notified by email when the process starts.
* US members should also check this site for updates.
* NETELLER will issue an email to US members to announce when they can begin requesting funds.
* US members must sign in to their NETELLER accounts to request the release of their funds.
* US members will not be able to request funds from the NETELLER website after January 26, 2008.
* Funds will be delivered by electronic transfer to the bank account on record with NETELLER or by cheque to the member's mailing address.
* NETELLER will not charge withdrawal fees.
* As NETELLER is returning $94 million to hundreds of thousands of US customers, it will take some time for all payments to be processed.
* Please be careful of any phishing scams. Only log in to the neteller.com website to request the return of funds. Remember it must have neteller.com as the top level domain using the https security protocol - nothing else.


http://content.neteller.com/content/...date_us.htm#10


im guessing they just have seen this link

[muskie]

Hallelujah!!! I already considered this "dead money". I guess I'll believe it when I see it.

[Richas]

Ugh, they have frozen my UK account for security checks....I have to call them...what do you reckon not a hope in hell of getting through?

[coloradoslim]

use their local number. they seem to answer that one, of course it isnt toll free

[yahboohoo]

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of course it isnt toll free

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NETeller's new tagline?

[DMoogle]

So... should we be signing the release?

[oldbookguy]

There has been alot of discussion on this, the trouble is we only have a basic outline of it from Neteller, we really need to see the whole thing first.

obg

[blainestar]

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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...

[/ QUOTE ]
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 tthat 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.

[/ QUOTE ]

UMMMM wait, are you saying i have 1 day to request my money or I'm [censored]?? i was under the impression you couldn't request it UNTILLL the 30th. WTF?! [img]/images/graemlins/confused.gif[/img]

[erac22]

I'm planning on signing the release, but then sending an email stating that I only agree to the terms once I receive my money, and thus reserve the right to sue them if they screw me.

[Halstad]

How long is the time period that US members can request their funds?

The plan provides a 180-day period when US members can make an online request for the return of funds using NETELLER's website. This period will commence by 30 July 2007 and ends at 11:59 PM GMT on 26 January 2008.