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  #1  
Old 12-08-2006, 08:49 PM
jdp jdp is offline
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Join Date: Jan 2003
Posts: 214
Default Neteller problems

Rec'd the following email from Neteller:

Thank you for your request. With the recent passing of the US bill, we have noticed the following issues with USD bank wires:



A large number of rejected USD bank wire payments sent to international destinations
Bank processing delays of up to 15 business days
Bank charges of up to USD $30 fee per wire payable by the bank account holder


The above issues are outside of our control. However, we remain committed to providing you with the following withdrawal options:



Issue a bank wire in another currency
NETELLER can issue you a bank wire in Euro or GBP with a foreign exchange fee (1.9% + daily rate). Australian residents can have their bank wires converted into Australian dollars with the same fees applied. This may take up to 5 business days to complete.



Please note the funds will be converted back to your bank account currency when they are received by your bank. Please enquire with your bank about any additional fees.



Open a NETELLER account in a currency other than USD
Your existing USD account will be closed and replaced with a new currency account. Please contact us to initiate this change.



Use the NETELLER Card
By certifying your bank account, we can give you a NETELLER Card which you can use to withdraw funds from ATMs anywhere in the world. To certify your bank account, we require a utility bill within the last three months and photo ID (a copy of your driver’s license or passport).



Issue another USD bank wire
We can issue you a USD bank wire, however we cannot guarantee that it won’t be held by the US Federal Treasury.



You may contact us at your convenience to make arrangements for your withdrawal. We regret any inconvenience this may have caused you and thank you for your patience and understanding.



To learn more about the impacts of the US legislation, visit our Business Update page.



Thank you for choosing NETELLER.



Teresa

Senior Processing Support Agent

NETELLER


Anybody else get this, or hear of any problems with the US govt seizing funds?
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  #2  
Old 12-08-2006, 09:05 PM
Sniper Sniper is offline
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Location: Finance Forum
Posts: 12,364
Default Re: Neteller problems

There have been several threads on the issue/problem with Neteller wire transfers in USD.

Bottom Line: DO NOT do Wire Transfers in USD...
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  #3  
Old 12-08-2006, 09:47 PM
nhtool nhtool is offline
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Join Date: Mar 2006
Posts: 95
Default Re: Neteller problems

Is a wire transfer the same as an EFT? Are you saying EFTs are no longer an option in the US?
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  #4  
Old 12-08-2006, 10:11 PM
BigBiceps BigBiceps is offline
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Join Date: Mar 2004
Posts: 3,571
Default Re: Neteller problems

They are not the same thing.
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  #5  
Old 12-08-2006, 11:19 PM
Allday Everyday Allday Everyday is offline
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Join Date: Jun 2006
Location: In the donkey show.
Posts: 1,000
Default Re: Neteller problems

[ QUOTE ]
There have been several threads on the issue/problem with Neteller wire transfers in USD.

Bottom Line: DO NOT do Wire Transfers in USD...

[/ QUOTE ]
I've seen a few threads/posts on this subject. However, I don't think the best option to take as an alternative to an international bank wire has really been established. They all seem problematic to me. Personally, I'm still confused on the matter, and Neteller's support is not remotely helpful.

I think one poster with experience in the matter said that doing wire trasfers in USD are still possible and the best option to take...
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  #6  
Old 12-09-2006, 05:29 AM
jdp jdp is offline
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Join Date: Jan 2003
Posts: 214
Default Re: Neteller problems

Maybe Neteller is just doing this to cover themselves? Has anyone heard of anyone having their funds seized by the U.S. when making a transfer?
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