| Posted by: Poker Pirate at October 30, 2006, 4:47 pm | | Topic: Neteller position changed Forum: Bonus Whores | I had trouble getting in today as well, when I got in I had to agree to new terms of service, noticed somthing about this a few weeks ago, but never got it til now. I assume its the same one.
_________________
Good or bad luck is nothing but the right or wrong mix of opportunity, preperation, and confidence. | | Static Link |
| Posted by: HeelHo at October 30, 2006, 4:35 pm | | Topic: Neteller position changed Forum: Bonus Whores | every monday they do maintainence.
_________________
If it's a miracle, Colour Sergeant, it's a short chamber Boxer Henry point 45 caliber miracle.
And a bayonet, sir, with some guts behind. | | Static Link |
| Posted by: DrStrange at October 30, 2006, 12:04 am | | Topic: Neteller position changed Forum: Bonus Whores | Who is going to pay 2.3% friction to send a wire transfer? The only reason why Neteller gets this juice is because of the nature of the poker business. Walking away from the US market appears to be financial suicide. <shrug> I can't see any percentage for Neteller to do that.
DrStrange | | Static Link |
| Posted by: bedofnails at October 29, 2006, 10:56 pm | | Topic: Neteller position changed Forum: Bonus Whores | JohnnyPaolucci26 wrote: I have never seen Neteller as an option on anything but gambling sites. Do they even do business on other sites? I know PokerStars pays Neteller 2.4% of all their profits to have them as a deposit/withdrawal method on their site.( I read this in an article in BLUFF magazine this month) So if Neteller would ban US players wouldnt the sites stop doing business with Neteller after their current contract runs out?
That % you reference is actual just being paid on behalf of the player. If you were to deposit directly into NT via your bank, you would be hit with that.
Most sites pay this for the depositor.
(Hence the reason sites like Bodog are not big fans of the deposit, withdrawl, deposit.)
_________________
fadedsignal | | Static Link |
| Posted by: JohnnyPaolucci26 at October 29, 2006, 6:56 pm | | Topic: Neteller position changed Forum: Bonus Whores | I have never seen Neteller as an option on anything but gambling sites. Do they even do business on other sites? I know PokerStars pays Neteller 2.4% of all their profits to have them as a deposit/withdrawal method on their site.( I read this in an article in BLUFF magazine this month) So if Neteller would ban US players wouldnt the sites stop doing business with Neteller after their current contract runs out?
_________________
I dont go too crazy with money. I need my money to gamble with! | | Static Link |
| Posted by: GregMiller at October 21, 2006, 8:20 am | | Topic: Neteller position changed Forum: Bonus Whores | JPMcMoney wrote: Do you think they will pull out of US completely, or just follow the US guidelines and not allow transfers to and from designated gambling sites? I don't think they will disallow US customers completely.
JP
Gambling sites are nearly their whole business. They might block transfers from the Microgaming states if they think that's what's necessary to keep handling gambling transfers from the other states. You could also see them assert (as some poker sites have) that poker sites aren't covered. Or they could say that the law doesn't affect them and so they're already in compliance.
They'll try to do the minimum in any case. Anything that stops them from being the #1 gambling processor will run them out of business over the course of the next few years. After all, why do we use them now? Because everybody says "use Neteller". That advice will stop if half or more of the players can't use it. Party has options to stick around after banning Amer... | | Read Entire Entry |
| Posted by: JPMcMoney at October 21, 2006, 6:40 am | | Topic: Neteller position changed Forum: Bonus Whores | Do you think they will pull out of US completely, or just follow the US guidelines and not allow transfers to and from designated gambling sites? I don't think they will disallow US customers completely.
JP
_________________
Gone with the wind. | | Static Link |
| Posted by: GregMiller at October 21, 2006, 6:19 am | | Topic: Neteller position changed Forum: Bonus Whores | Why would Neteller pull out of the U.S.? It appears the worst-case scenario is that transactions between U.S. banks and Neteller might be blocked. How is pulling out any better for them?
The investor-oriented press release above doesn't really seem to be saying anything scary. It just appears to be a "We'll behave responsibly, whatever happens, so don't sell our stock" type of statement.
_________________
I'd rather hunt with Dick Cheney than ride with Ted Kennedy! | | Static Link |
| Posted by: Alphaunit1 at October 21, 2006, 6:06 am | | Topic: Neteller position changed Forum: Bonus Whores | My take on this is a bit less of the "sky is falling" variety.
Neteller is a public company. The reality is that they will need to pull out of the US market unless they go private and find suitable banking arrangements... which is not likely since they still have a reasonable amount of business outside the US to make their services viable.
My read on this new statement was that Neteller's initial statement came off as overly defiant, even though my interpretation of it was "we're not changing anything for now... when the regulations come out, we'll determine our best course of action". Translated: We're going to exit the US market once the US regulators determine how to make this work, there's no reason to rush.
Now they realized how their first statement was seen, and are clarifying it. Really, this shouldn't be a surprise to anybody - the reality is that Neteller's structure really leaves them vulnerable to potential legal issues. Sad that a public, a... | | Read Entire Entry |
| Posted by: PaisanDom at October 21, 2006, 5:30 am | | Topic: Neteller position changed Forum: Bonus Whores | | Does this mean Neteller will send the money they are holding back and not let anyone have an account or we can leave the money in there and they will not allow a deposit to be made to a pokerroom? | | Static Link |
| Posted by: BonusBots at October 21, 2006, 12:33 am | | Topic: Neteller position changed Forum: Bonus Whores | Neteller took quite a defiant stance at the beginning of all this.
The turn-around is no doubt the result of their lawyers. They are a publicly traded company. If they were private, no problems. But now they have to play ball.
Moneybookers has a blurb on their website that says they are regulated by the FSA - this is the big banking regulator in the U.K. If they are really regualted by that agency, one has to expect them to be vulnerable.
My Citadel, or Citadel Commerce, is owned by a company that is traded on the Toronto exchange. That seems to be the kiss of death and I wouldn't look to them as the ultimate answer either.
I sent an email to C2P two days ago asking them about their stance and have not heard back yet. That don't go over well with me.
Bottom line is use whatever is working at the moment and cash all the bonuses you can.
Read some stuff about how vulnerable that new law actually is and we actually all might come out of this unsca... | | Read Entire Entry |
| Posted by: JoobJoobAchoo at October 20, 2006, 11:08 am | | Topic: Neteller position changed Forum: Bonus Whores | TheChosenOne wrote: I'm no financial expert (although i watch Jim Kramer almost nightly) but wouldn't that chart signify a loss of market share over the past year or two after the e-wallet market became infiltrated with competition? The stock hardly moved on this most recent news which tells me that there is more to the story than rage, panic and running to Moneybookers.
I'm no financial expert either (actuarial math major here), but it looks like it opened down more than 50% the Monday following the passage of UIGEA by Senate. So i think it's safe to say that the market did react in light of recent news. | | Static Link |
| Posted by: TheChosenOne at October 20, 2006, 8:26 am | | Topic: Neteller position changed Forum: Bonus Whores | I'm no financial expert (although i watch Jim Kramer almost nightly) but wouldn't that chart signify a loss of market share over the past year or two after the e-wallet market became infiltrated with competition? The stock hardly moved on this most recent news which tells me that there is more to the story than rage, panic and running to Moneybookers.
_________________
Can you pinch a dingo on his left nut, without being bitten (tough one)?
- Dave Casey | | Static Link |
| Posted by: Danieljeans at October 20, 2006, 6:09 am | | Topic: Neteller position changed Forum: Bonus Whores | rusrious wrote: I had a feeling this was coming.. Did any on check out thier stock, WOW.. $227 right now, but was at $1,667 at one time..
OMG it really was at $1667 at one point? Ok, that is sick when you look at where it is now. Geez. How long ago was it at $1667 and also how much was it at right before this whole nonsense when the Bill was passed by the House?
_________________
The U.S. Government cut my hands off so I cannot feed myself, but offer a bowl of their own soup? I will spit it in their face. | | Static Link |
| Posted by: JoobJoobAchoo at October 19, 2006, 8:50 am | | Topic: Neteller position changed Forum: Bonus Whores | Argh, definitely not what I wanted to hear.
Quote: The Company also continues to closely monitor the regulatory situation and is determining what actions to take well before the conclusion of the 270-day rulemaking period.
I'm not sure if the 'well before' is a good thing, as in they're gonna give us a prompt heads up; or if it's a bad thing, as they're gonna discontinue operation to US soon. I guess time will tell. | | Static Link |
| Posted by: HeelHo at October 19, 2006, 8:50 am | | Topic: Neteller position changed Forum: Bonus Whores | they are waiting to see what the fed will do regarding regulations. i think the process will be transparent. I dont think they cna just thumb their nose, and be target #1. no reason to panic, yet.
_________________
If it's a miracle, Colour Sergeant, it's a short chamber Boxer Henry point 45 caliber miracle.
And a bayonet, sir, with some guts behind. | | Static Link |
|