Neteller Update... - Page 2

ender · #1 11-19-2006, 09:06 PM

If they are really making 3.9% on all deposits, they would be crazy to get out of this business. That kind of margin is worth risking jail.

Sniper · #2 11-21-2006, 12:09 AM

Neteller is conducting an online survey... link to discussion in the Zoo

There was initial concern as the original email looked like a phishing attempt... however, the email has been verified as being conducted by a well known survey firm on behalf of Neteller.

wall_st · #3 11-21-2006, 04:39 AM

The survery looks like its results will be used in defense of the idea that neteller is used ONLY for gambling. MOstly looks like they are tying to prove that people use neteller for purchases from foreign places as well as gambling.

Sniper · #4 11-21-2006, 05:47 AM

Possible issue with Neteller Wire Transfers... link to thread in the Zoo

Sniper · #5 12-02-2006, 09:43 AM

UB issue with Neteller Wire Transfers

Looks like the impact of the changes made to USD Wire Transfer handling, is starting to have a wider effect...

UB also excluded Neteller use for their redeposit bonus this weekend... not a good sign.

PoorLawyer · #6 10-31-2006, 11:38 AM

[ QUOTE ]
NETELLER is constantly re-examining its position with regard to the US market and its provision of services to that market is currently under review.[/b]

it does further reinforce that Neteller is likely to pull out of the US market in the not too distant future.

[/ QUOTE ]

under review sounds to me like they are keeping their options open and not necessarily pulling out soon.

Beavis68 · #7 10-31-2006, 12:00 PM

I woudnt be surprised if they dump Barclays and find a bank in Antigua or some such place and relocate.

MiltonFriedman · #8 10-31-2006, 12:23 PM

You over-estimate the abilities and capacities of the Banks in Antigua.

A more likely scenario is a spin-off of the US facing business, operated through a Banking facility in the Mediterranean ..... Ironic how this "anti-terrorism" Act is driving cashflows closer to a Middle Eastern sphere of influence.

Beavis68 · #9 10-31-2006, 12:50 PM

[ QUOTE ]
You over-estimate the abilities and capacities of the Banks in Antigua.

A more likely scenario is a spin-off of the US facing business, operated through a Banking facility in the Mediterranean ..... Ironic how this "anti-terrorism" Act is driving cashflows closer to a Middle Eastern sphere of influence.

[/ QUOTE ]

Well, I wouldnt be surprised if I were wrong either, but since Pokerstars seems to be able to function in spite of this law without pressure from whomever is holding it's money to comply with US regulations, it seems that Neteller may be able to find a similar situation.

We would still have to be able to get our money from our bank TO neteller but if I can transfer from site to site, and I will still be fairly happy.

I_C_ALL · #10 10-31-2006, 12:00 PM

Too optimistic. If they are disclosing this to investors, its basically a heads up. I'm not in the "sky is falling" camp... Just in the prudent, make other arrangements in case of worst case scenario camp.

My opinion, they would not post negative "possible" news to investors after what happened to poker stocks' shares after pulling out of the U.S. unless it was a serious consideration. Probably not a done deal, but I'm leaning closer to pulling out than not. ;-) Have a backup.