Way back in March, Neteller announced that it had signed an agreement with USAO and Navigant to outline terms and a timeline that Neteller would use to re-distribute the confiscated funds of its US customers. “The Group is pleased to announce that on 20 March 2007, it signed agreements with the USAO and Navigant which, among other things, outline terms and a timeline under which NETELLER will work toward the orderly distribution of funds to its US customers. Per the agreements, the Group anticipates that within the next 75 days it will announce a plan by which the funds will be distributed to US customers. Navigant will also provide a report to the USAO on the Group’s current financial condition.”
That deadline is today. There are a lot of antsy people waiting for this information, many of who belong to the Neteller Customer Coalition. There is a lot of speculation on who’s funds will be released and what conditions if any will be attached to it. Most agree the dollar amounts will play a deciding factor in the repayment structure. Players with small amounts will probably be on the short list for receiving funds while players with larger amounts will have to worry about availability of funds not to mention IRS requirements. You can be sure the IRS has made a list and checked it more that twice for all accounts with monies over 10K to make sure the right forms were filed and taxes paid.
Banking is one of the most important parts of the online casino experience for players. On the business end, it's also a bottleneck that can completely cripple a casino or an entire subset of the industry if it's not handled well with plenty of great options. That's why the new Rapid Transfer option from Neteller is such a great piece of news since it offers up yet another convenient way to make deposits.
How Rapid Transfer Works
In the online gambling world, particularly in the payments sector, the Paysafe Group's Skrill and Neteller options are considered two of the most popular banking options available. These electronic wallets make payments really easy for tons of people, but now this won't necessarily be the case.
One of the oldest and most respected online payment services companies in the online gaming industry, has been used by persons unknown for a phishing scam. Someone has tried to use Neteller’s name on the internet to phish out sensitive information on unsuspecting victims.Before 2006 and UIGEA, Neteller was one of the premier payment services companies servicing the American online gaming industry.