the "two week wait" issue (also, i requested a payout on this date)

sublime · #1 01-17-2007, 11:26 PM

saw a post earlier where somebody mentioned a "rx poster" who said that neteller taking up to two weeks to pay was nonsense and banks weren't accepting EFT's etc....I then saw it slightly snowballing and soem posters saying it makes no sense was to why Neteller would take so long for something that is fairly automated.

a few points:

1) posters on RX.com (and many sites like it) are generally stupid.

2) Neteller could take that long because they are NOT stupid. Or, in other words, they don't have the money readily available. The UK banking 'watchdog' NT is under requires that 110% of assets be held in low risk easy access investments (probably money market accounts etc) and when 70%+ of Netellers customers request payouts you cant expect them to have all that money just sitting in a lower interest bearing vehicle (ie the one used to issue payments).

3) its FAR too quick for banks to not be accepting EFT's from Neteller and its also something that will probably not happen anyways. Money *not* on the country cant be spent in the country and can be hidden from tax payments a lot easier.

sublime · #2 01-17-2007, 11:28 PM

also post when you requested your EFT/Check, what status its in now, when it hit your bank and what bank you use (not exact name, but what type. big (citi) local (harrisbutg trust), credit union etc....

ill start

8am EST yesterday
Neteller shows accepted
not in my credit union

Victor · #3 01-17-2007, 11:40 PM

i requested a 5k eft yesterday at like 3am and it has been accepted. im not sure what type of bank i have but its called ohio savings and its very prevalent in northeast ohio.