There were days when it wasn't an issue to get Neteller account for US players and transfer funds both ways without a problem. Lots of things happend since then and Neteller finally disappeared from the gambling market at all and for US, Canada and other several countries it's even impossible to open Neteller at all, regardless to the purpose.
Neteller story is the biggest drama in the gambling financial history so far, so we are listing here main points of it for your information.
July 1, 2007 update: U.S. customers finally started to get their money back from the frozen Neteller accounts. If you have Neteller funds, please be advised to act towards full money withdrawal, because this will be possible just until Jan. 26, 2008. Funds may be transferred to the bank account or sent to the mailing address as a check. NETeller will not charge withdrawal fees and sends emails to all US customers with withdrawal instructions.
May 4, 2007 update: Neteller announced about Neteller Card replacement. New card supposed to be less expensive then retired on May 3rd, 2007 the old one and expected to reach first customers by the end of the month.
April 26, 2007 update: Our clients report that Neteller blocked transactions between Neteller accounts and Neteller Cards. No official statement was made, the Neteller web site has no updates, but in the email sent to the Neteller customers they say: "Effective immediately, you will not be able to withdraw funds from your e-wallet to your NETELLER Card. However, you will have until May 2, 2007 to use the funds that are already on your Card. To avoid possible inconvenience, we highly recommend you use all of the existing funds on your Card before this date".
We tried to call Neteller support and all we got is recorded note "we are closed...please call later".
Great move, guys, if this is the way you treat your clients you should be wipe off the market as soon as possible!
March 26, 2007 update: Canadian citizens can no more use Neteller for gambling transactions. Neteller officials state that money are safe and may be used in any non gambling merchant sites. Cash withdrawals are possible, new accounts may be opened by Canadians too.
March 21, 2007 update: Neteller made official press release regarding returning US customers funds. The company claims it's financial situation is stable and the agreement regarding "orderly distribution of funds to its US customers" with United States Attorney’s Office has been achieved. Withing next 75 days Neteller will announce the order and time lines of the US clients funds distribution.
On January 18, 2007 Neteller suspended its US online gambling service. US-Based players can not open new Neteller accounts and transfer funds to and from gambling sites. All US members will continue to be able to use their Neteller e-wallet account to safely transfer funds to and from non-gambling merchants and are not required to close their account or withdraw their funds.
In the press release made February 8, 2007 by the company Group President and CEO Ron Martin said "US customers wishing to withdraw funds from their Neteller e-wallet accounts will experience ongoing delays while these discussions continue, and a further update will be provided by the Group once effective repayment mechanisms are determined." and "The return of funds to our US customers is a top priority for Neteller". The full story may be found here.
According to the research we've made Neteller decision to leave US market is final and Neteller will not process casino gambling transactions in USA any more. US players are advised to switch to another e-wallet solution from the list above.
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