Neteller shuts down Instacash for US players!

[silcnlayc]

It is now 5:55 pm est and I just talked with Neteller and and as of 5:45pm est today, Neteller has retired the instacash feature for all of US players.!!


I found out by trying to deposit with this feature just a few minutes ago and couldn't figure out why it kept denying me so I called them and they said they will offer this no longer to US players....geezes....talk about a low blow!

 

[winbig]

The beginning of the end of Neteller....

 

[indicka]

The beginning of the end of Neteller....

You think? Give them a little time...theyre just changing costumes.

 

[winbig]

You think? Give them a little time...theyre just changing costumes.

Actually, I do. Neteller is one of the very few places still offering transactions to US players. Once they drop the US altogether, I doubt they'll stay afloat.

 

[silcnlayc]

Update...

Update...Neteller will only take EFT and bank wire deposits only, at this time.

 

[winbig]

Update...Neteller will only take EFT and bank wire deposits only, at this time.

I think I'm just going to close my account with them altogether until this blows over. I have since changed banks, and would need to create another account anyways. I've been using gift cards to fund Neteller, but since they can't provide that for now, it's no loss.

 

[indicka]

Actually, I do. Neteller is one of the very few places still offering transactions to US players. Once they drop the US altogether, I doubt they'll stay afloat.

These guys all have floatation devices on before hitting the waters...theyll stay afloat, come back with a bigger ship next round..
Maybe the name Neteller will sink...perhaps they were tired out that name anyways...theyll return with another name, new masks, new methods. (yeah..I'm also into conspiracy theories )

 

[winbig]

These guys all have floatation devices on before hitting the waters...theyll stay afloat, come back with a bigger ship next round..
Maybe the name Neteller will sink...perhaps they were tired out that name anyways...theyll return with another name, new masks, new methods. (yeah..I'm also into conspiracy theories )

Check out the thread about where the founders were arrested. Americans accounted for 75% of their business in '06. They cannot survive without the US market. They would never recover.

 

[vinylweatherman]

Maybe

Check out the thread about where the founders were arrested. Americans accounted for 75% of their business in '06. They cannot survive without the US market. They would never recover.

They may have seen this coming. They have been expanding aggressively into other markets, even the far east and Asia. Many of the unexpected maintenance outages last year was for them to add new language support to the website. Existing issues seemed unimportant, and maybe that was because complaints were largely from US players, a market they feared might be lost to them.
This has probably happened earlier than they had planned, as they were probably hoping to see the results of the 270 day consultation period after the signing of the "safe ports" act, and then formulate a plan to comply with it, object on the grounds it was impossible to implement, or even find a loophole in the provisions. This would have given them a few more months, but they have had to react now. The fact that they are still willing to accept wire deposits and EFTs shows they are hanging on to as much as they can, for as long as they can, while they push into the new markets.
Those of us who play in these new markets may notice a sudden marketing push for Neteller, which will probably involve the casinos giving out special extra bonuses for Neteller deposits, much like the US players are getting for Payspark and eCheck at present, probably the next targets for the FBI.

 

[vickie40]

Alright, I need some guidance..I've been using Neteller exclusively since Firepay went by the wayside. What is my next best option for funding my gambling habit since I live in the US?

 

[vinylweatherman]

Alright, I need some guidance..I've been using Neteller exclusively since Firepay went by the wayside. What is my next best option for funding my gambling habit since I live in the US?

You could be out of luck. No doubt any other processor that seeks to fill the void will have the FBI and/or DoJ after it.

Click2Pay were allowing some US customers, and their strength is in being an all purpose eWallet, not just for gambling. It will be harder to make a case against them without the full implementation of the "safe ports" act. Payspark seems only for MG casinos, and may well shut down to most US players if MG pull out altogether.
If RTG create their own payment processor, you should have no problem depositing and losing online - just wait till you win though, they will have a heap of excuses to draw from.
The remaining option may be a check in the post to the casino, made out to their holding company. Slow, but hardest to stop.
Finally, they could open offices offshore or in Mexico. US players cross the border with the cash (up to the max allowed without having to declare it is leaving the US), and deposit in person. Withdrawal can be by similar means, or taken in goods. Only the most determined player will go this far, only those who emigrate to a country where gaming online is legal will be seen as the most determined of all.

 

[winbig]

Alright, I need some guidance..I've been using Neteller exclusively since Firepay went by the wayside. What is my next best option for funding my gambling habit since I live in the US?

I started this thread back in December. Great read!

https://www.casinomeister.com/forums/threads/one-more-deposit-option-for-us-customers.15365/

Their gift cards (Visa) as well as Pre-Paid debit cards work directly with most, if not all, casinos/poker rooms also.

 

[tennis_balls]

now that they have dropped inta-cash for US players, it will be very interesting to see if the time for an EFT now suddenly improves.

i think many of the posters here are over-reacting. many of the same "Chicken Littles" were crying "it's all over!!!" the morning after chimp signed the port security bill.

i dare anyone to flame me!!!

 

[winbig]

i dare anyone to flame me!!!

Done!

 

[tennis_balls]

Intertops just put $10 in my account. Maybe the world really is ending?

 

[soflat]

now that they have dropped inta-cash for US players, it will be very interesting to see if the time for an EFT now suddenly improves.

i think many of the posters here are over-reacting. many of the same "Chicken Littles" were crying "it's all over!!!" the morning after chimp signed the port security bill.

i dare anyone to flame me!!!

It's all over!!!

The port bill signing was the begining of the end. This is the middle portion.

And they are picking up speed now.

 

[vinylweatherman]

Perhaps

It's all over!!!

The port bill signing was the begining of the end. This is the middle portion.

And they are picking up speed now.

Perhaps their haste will be their undoing - they might crash into a stationary constitutional crisis!

 

[1819]

Alright, I need some guidance..I've been using Neteller exclusively since Firepay went by the wayside. What is my next best option for funding my gambling habit since I live in the US?

all access giftcard from netspend. its the only way i deposit anymore.

 

[TheGooner]

They may have seen this coming. They have been expanding aggressively into other markets, even the far east and Asia. Many of the unexpected maintenance outages last year was for them to add new language support to the website.

As someone who works with asian punters - I'll tell you that Neteller has plenty of room to expand ... they're rubbish in the Southern hemisphere.

Their payment systems and controls are nearly all North American facing - they intergrate with EXACTLY one countries banking system in Asian (Australia) and would have almost less than 1% of the market.

Their "expansion" is not evident down here ...


Pehaps this will focus their minds on actually delivering service down here ...

 

[Pocketdiggers77]

Ive found instadebit to be ok in place of neteller. Click2pay isnt on my A list right now. If solidpay was taken at more casinos I would say them but they seem to be catering to sportsbooks. The biggest problem with instadebit is their low limits. $200 per week i think for me. But that isnt such a bad thing.

 

[EasyRhino]

Well, look at it this way, the port law made banking transactions to fund gambling illegal.

If you use an instacash to make a chip purchase at a casino, then neteller is fairly directly funding a gambling transaction.

However, if you merely transfer money into your e-wallet. And then sometime later, you happen to make a gambling transaction, well, there's no problem with that, right?

It might be neteller's lawyers trying to get sneaky. And I hope so, because they're still an excellent payment method.

 

[frufrugirl]

It will be interesting to see how long the USA will allow the gift cards/prepaid visa and mc's to float our habits... USA banks process these cards.. will they put a clause in stating prohibited for funding online gambling (like my credit card says). Who knows.. It does state that the card may not be used for any illegal activity...

 

[jetset]

Well, look at it this way, the port law made banking transactions to fund gambling illegal.

If you use an instacash to make a chip purchase at a casino, then neteller is fairly directly funding a gambling transaction.

However, if you merely transfer money into your e-wallet. And then sometime later, you happen to make a gambling transaction, well, there's no problem with that, right?

It might be neteller's lawyers trying to get sneaky. And I hope so, because they're still an excellent payment method.

I don't think these arrests were made under the Internet gambling provisions of the Safe Ports Act. That legislation, though signed into law late last year is still subject to the framing of regulations and follow-up with the banking community by the Treasury and the AG (that's what the 270 day window was reserved for)

I think Neteller will survive this, albeit in a leaner form that will need to market really hard, diversify and offer good incentives to build on the global expansion they have been pushing so diligently over the past 18 months.

This is not a two-bit outfit that's just going to fall over and die.

 

[vickie40]

Has anyone used Echeck? It appears to be free;however, since the information is attached to my checking account, I was wondering how secure and safe it is. Any info. will be greatly appreciated!

Vickie

 

[KasinoKing]

I think Neteller will survive this, albeit in a leaner form that will need to market really hard, diversify and offer good incentives to build on the global expansion they have been pushing so diligently over the past 18 months.

This is not a two-bit outfit that's just going to fall over and die.

I hope not!
I've got a huge amount of $US in there at the moment - hanging on in the vain hope the exchange rate will improve before I withdraw...
Yesterday they quoted me over $2/1