netteller = foreign bank so...

[Brick Tamland]

No difference at all between transferin to UK bank and doing efts to the book. the only difference is nettellers transfer page is pimped out and they do the instant credit shit for the fee and all the books have acunts to!!! so thats what makes the transfer instant. Any bank can do this. gambling aint going nowhere

[Brick Tamland]

so maybe all the books just add their banking numbers and we do the efts to their diffrent banks.

[TheGambler]

i had to call neteller today for a CS question and I asked them if they were going to be affected by the new U.S. law. they said as of now, they are not involved and not worried about it. they said they do not fall under the stipulations of the new law. however, that can all change as we know.

[Bill Dozer]

Check here Monday for the answer to that. I think the banks have already said they can't track the eChecks systems like Citadel. It might be a question if publicly traded Neteller is going to give up it's share to the next Neteller like Paypal did.

[jjgold]

Bank Wires cost a minimum of $75 per pop when using offshore bank transfers, your not going to be doing that much. Secondly getting an offshore bank account is not that easy and takes a lot of effort, most will not do this.

Books are going to get crippled, most bettors are not going to go through the hassle to make an online wager.

[Chuck Sims]

Neteller is history guys. They are not going to break U.S. law thats for sure. If they ignore the law and try to send EFT's to U.S. banks, the transfers will be blocked.

It still will be impossible to stop people from betting off-shore, they'll find other means to fund their account, but it will deter some.

[jjgold]

I am sure the top books will find another way to transfer

How about fed-ex?

[tacomax]

It might be a question if publicly traded Neteller is going to give up it's share to the next Neteller like Paypal did.

That was quite a different set of circumstances. Paypal was primarily a P2P payment system but also had a gambling sideline. When eBay took it over, they had to drop their links to gambling which weren't huge since they didn't primarily focus on that area of the business. Neteller came in, dominated the market and are in a very strong position. Since their income is primarily gambling-related, I can't see them falling over. Without gaming, they haven't got a lot left. I mean, who else takes Neteller apart from sportsbooks and casinos?