[wheeloftime]

well neteller bailed on us anyone have the next idea on depositing? starting to run out of options here. this keeps up and were going to get into anysites. What other pay options are there?


ode to the poker gods

[Lytspeed]

Where did you hear that Neteller bailed? I just got a new Neteller card in the mail today, with a letter talking about "increasing security."

Looks like I need to go to the Neteller website.

[Lytspeed]

I just checked their website, under "Policy Changes." The last policy change listed is dated November 8th, 2003. I saw nothing on the site about not accepting gambling deposits from U.S. citizens.

[wheeloftime]

For immediate release
Press release
19 October 2006
NETELLER PLC
Update on US position
Further to the Company’s announcement on 12 October 2006, NETELLER Plc today
announced the following update in the light of the action on 13 October 2006 by US
President George W Bush to approve and sign into law the SAFE Port Act
incorporating the Unlawful Internet Gambling Enforcement Act of 2006 ("UIGEA” or
the “Act”) which includes certain provisions to prohibit “unlawful internet gambling”
by restricting gambling sites from accepting certain payments from US residents.
NETELLER, a company registered outside the US, will comply with the Act and its
related regulations as if it were subject to the Act’s jurisdiction. This action is
intended to ensure that the Company is able to continue to operate with the support of
its principal commercial partners and to protect its shareholders, business partners,
employees and reputation.
Various provisions of the Act, including the obligations of financial transaction
providers such as NETELLER, remain unclear. This uncertainty should be largely
resolved when the Secretary of the Treasury and the Board of Governors of the
Federal Reserve System issue the regulations they are required to prescribe within 270
days.
In view of the importance of these issues, NETELLER has accelerated its review of
the Act and all other relevant laws and pertinent developments. 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.
In the interim, US-resident customers are able to use the NETELLER service as
normal. The funds of US-resident customers are held in trust accounts and will be
available for withdrawal, on demand. The ability to withdraw funds will exist
regardless of the customer’s location or ability to transfer to any site.
NETELLER customers not resident in the US are not affected at all by the legislative
changes in the US, and the Company will continue to operate its non-US business as
normal, maintaining existing customer and merchant support across all the other
markets it currently serves.
NETELLER remains focused on developing its business in line with its stated
strategic objectives including geographical and product diversification. The Company
continues to launch localised services within the European market, most recently in
Sweden and Denmark, and has plans for three further launches later this year. As
well as focusing on the gaming sector outside of the US market, the Board considers
the development of additional products and services for wallet users to be integral to
its diversified market strategy. We expect to share more information on these
initiatives in the coming months. The Company is committed to maximising
shareholder value both in the short and longer term, and will explore all possible
strategic alternatives, including utilising its substantial resources, to ensure the
achievement of its strategic objectives.
The Company’s trading update for the third quarter will be issued on Tuesday,
October 31st, 2006. In the meantime, the Company will endeavour to keep
shareholders informed of any material developments as and when appropriate.
Enquiries:
NETELLER
Andrew Gilchrist, VP – Communications + 44 (0) 1293 555 726
Citigate Dewe Rogerson + 44 (0) 207 638 9571
Sarah Gestetner/Sebastian Hoyle/George Cazenove
Notes to Editors
The NETELLER Group
With over 3 million customers in 160 countries, 3,500 merchants, and over $7 billion in annual
transactions, the NETELLER Group operates the largest independent online money transfer business in
the world. The Group specializes in providing innovative and instant payment services where money
transfer is difficult or risky due to identity, trust, currency exchange, or distance. Being independent
has allowed the Group to support thousands of retailers and merchants in many geographies and across
multiple industries.
The Group is quoted on the London Stock Exchange’s AIM market, with a ticker symbol of NLR.
NETELLER UK Limited is authorised by the Financial Services Authority (FSA) to operate as a
regulated e-money issuer. For more information about the Group visit www.netellerplc.com.

[wheeloftime]

i hope im not reading it right, but if i am they are following bush. please tell me i read it wrong. this is the shlink to the press release.


http://about.neteller.com/neteller/u...oct06Final.pdf


look it over

[poka902]

Citedal checks is the deposit method i use its simple you just use your bank account and it takes about 3 days for the money to clear your bank accont but its in your real money account right after you deposit!

[wheeloftime]

okay im confused. i received that email yet i found this tonight. can their position change that drastic in a week? Ill check citadel thanks. are they widely accepted?



October 12, 2006
John CaldwellPrint

The passage of the Unlawful Internet Gambling Act sent shockwaves through the online poker industry. Reactions ranged from 'the sky is falling' to 'all is well' as the industry analyzed the language of the bill, looking for what the true impact would be.

As time went on, and it became clear that the core emphasis of the bill was to prevent U.S. banks from taking gaming transactions. This fact made the big question – What are Neteller going to do?

Neteller is a company that provides financial transactions between consumers and third party vendors via the Internet. Most people that play poker online have Neteller accounts, and a great portion of the transactions that occur between players and online poker sites occur via Neteller.

Most players have had trouble in the past trying to fund via their banks long before the bill was even introduced to Congress, so Neteller has become a way of life for many online poker players.

So, if U.S. banks are forced via this law to stop taking gaming transactions, companies like Neteller would be a player's only recourse if he or she were to want to continue playing.

It is a great relief to all in the business that Neteller's Executive Vice President of Sales and Marketing Bruce Elliot told an audience of online gaming executives in Barcelona yesterday.

"We are staying in the U.S. I don't think we have a problem."

A PokerNews.com executive who is at the conference confirmed the news, and spoke to another top Neteller executive who confirmed "We are completely committed to the U.S.".

The last two weeks have been a dizzying ride for most people in the online poker business, but the news over the last few days has mostly been positive toward the continued survival of the business. By no means is online poker 'out of the woods' with respect to possible troubling times ahead, but the commitment of Neteller to the U.S. market will put player's minds more at ease.

or am i making more out of this than is needed? im confused. this is off of poker news.com

[doflovespoker]

Here is really what neteller is saying

.......NETELLER, a company registered outside the US, will comply with the Act and its
related regulations as if it were subject to the Act’s jurisdiction. This action is
intended to ensure that the Company is able to continue to operate with the support of
its principal commercial partners and to protect its shareholders, business partners,
employees and reputation. - WE WANT TO KEEP OUR STOCK PRICE HIGH AND SAW WHAT HAPPENED TO EVERYONE ELSE. WE CAN MAKE MORE FROM OUR STOCK PRICE THEN WE CAN FROM SERVING US POKER PLAYERS.

...... In view of the importance of these issues, NETELLER has accelerated its review of
the Act and all other relevant laws and pertinent developments. 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.
In the interim, US-resident customers are able to use the NETELLER service as
normal. The funds of US-resident customers are held in trust accounts and will be
available for withdrawal, on demand. The ability to withdraw funds will exist
regardless of the customer’s location or ability to transfer to any site.
NETELLER customers not resident in the US are not affected at all by the legislative
changes in the US, and the Company will continue to operate its non-US business as
normal, maintaining existing customer and merchant support across all the other
markets it currently serves. - THAT SAID WE ARE GOING TO DRAG OUR FEET AND HOPE SOMEONE ELSE FIGURES SOMETHING OUT SO WE CAN KEEP OUR US PLAYERS AND KEEP OUR STOCK PRICE HIGH.

NETELLER remains focused on developing its business in line with its stated
strategic objectives including geographical and product diversification. The Company
continues to launch localised services within the European market, most recently in
Sweden and Denmark, and has plans for three further launches later this year. As
well as focusing on the gaming sector outside of the US market, the Board considers
the development of additional products and services for wallet users to be integral to
its diversified market strategy. We expect to share more information on these
initiatives in the coming months. The Company is committed to maximising
shareholder value both in the short and longer term, and will explore all possible
strategic alternatives, including utilising its substantial resources, to ensure the
achievement of its strategic objectives. - AGAIN, THIS IS ABOUT OUR SHARE HOLDERS, #$%o)@#$ THE US POKER PLAYER.