NETELLER INTEREST

16 February 2007

With millions in 'cold storage' who gets the interest?

US players deprived of their Neteller balances by the wrangle between the Isle of Man e-wallet and US government officials were this week asking the very valid question: "If our frozen funds are being safely held in a Neteller trust account what interest is accruing on the money and will we be getting it?"

It's a legitimate concern with some $55 million reportedly involved....but it's one on which there was no information when InfoPowa tried to get a direct answer to the simple question, and a parallel enquiry of whether Neteller solely controlled the trust account or are independent trustees involved in its administration.

A Neteller spokeswomen first suggested an off-the-record call, which InfoPowa declined on the grounds that we were looking for an email documented public answer to a legimiate client question.

The spokeswoman's response to this was: "On the record, there is nothing to say over and beyond the formal announcements we've made."

As we commented to the spokeswoman, this is a pretty callous attitude to display toward clients who are legitimately concerned about what is happening to their money in Neteller's care.

There was no response.

Online Casino News courtesy of InfoPowa

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