Anyone else believe withdrawing from Neteller right now is a bad decision?

[pags11]

can't get my money out until early next week...

[punchmaster]

can't get my money out until early next week...

meaning..you've got football action this weekend?

[BSTPNM68]

Nothing wrong with that decision at all. I have all of $0.66 there. I have transferred funds out immediately after hitting my account since the safe port bill (which has the negative offshore gambiling language in it) was passed in October. Now I am only funded at Cascade, Greek, WSEX and Matchbook.

[thesimpleone]

Hi, you guys able to withdraw USD from Neteller to your bank accounts? I filed for a bank wire yesterday, and Neteller said told me they do not process USD bank wire anymore. Is that true? Then they advise me to either use their Neteller card (which I understand there's a high charge) or convert my USD to some other currencies (1.9% charge and bank prevailing rates)..... Any advice?

[SBR_John]

I moved what I had in Neteller to a book. My concern is they could freeze accounts while they sort through their options.

[Korchnoi]

I moved what I had in Neteller to a book. My concern is they could freeze accounts while they sort through their options.

I suppose it's possible for the government to get a bank to freeze a sportsbooks funds. I know TS keeps acct funds seperate:

"Member Specific Bank Accounts: Your funds and those of all exchange member funds are held separate and segregated from the Company's own capital at National Irish and Anglo Irish Bank. To provide additional transparency we have introduced a unique service where an individual member can have a specific account established within the suite of segregated accounts. "

Would this provide any protection or am I deluding myself?

[Dark Horse]

The good books have all our money. It is, literally, in their best interest.
I would love to know the monthly profit Pinny earned on interest only.

An exchange like TS should be very low risk, because no matter how big the wager, their money is never at risk. They're basically a book with perfectly balanced sides on all bets.

[Korchnoi]

The good books have all our money. It is, literally, in their best interest.
I would love to know the monthly profit Pinny earned on interest only.

An exchange like TS should be very low risk, because no matter how big the wager, their money is never at risk. They're basically a book with perfectly balanced sides on all bets.

It's in their interest to earn as much interest as possible. A very reasonable business decision might be to keep 20% cash on hand and invest the rest in CDs of various maturities. So they could potentially face a liqudity crunch, but it'd be easy enough to borrow against the CDs.

[JoshW]

Have heard 2 weeks on efts, up to 8 on checks. And then question whether bank will accept. :|

[pags11]

punchmaster,

no, made an EFT on Friday night to neteller...gonna have to wait until next Monday or Tuesday for it to hit and then will have to wait up to another 2 weeks for the EFT to get it back into my bank account...sucks...