NETELLER Distribution Plan to be Implemented To USA
23 July 2007
Neteller reached a settlement with US Attorney’s Office, as posted in our last article:
20/07: NETELLER reaches a settlement with US Attorney’s Office
(Read more about the Neteller settlement here.)
Neteller announced on June 4th, that the Company agreed to plan for the distrubtion of funds to its United States customers. The agreed plan in detail includes the process and mechanisms by which United States customers will be able to initiate the return of their funds after the plan is implemented. Neteller will be using is best efforts to start implementing the plan as soon as possible, by no later than July 30, 2007. Neteller will communicate to the United States customers by email and through its website, the exact date which such customers will be able to make request.
Neteller members should check here for regular updates on the progress to distribute funds to USA members.
- NETELLER will start the process for the distribution of US member funds by 30 July 2007.
- US members will be notified by email when the process starts.
- US members should also check this site for updates.
- NETELLER will issue an email to US members to announce when they can begin requesting funds.
- US members must sign in to their NETELLER accounts to request the release of their funds.
- US members will not be able to request funds from the NETELLER website after January 26, 2008.
- Funds will be delivered by electronic transfer to the bank account on record with NETELLER or by cheque to the member’s mailing address.
- NETELLER will not charge withdrawal fees.
Read here for more information on the Neteller and USAO settlement.
As NETELLER is returning $94 million to hundreds of thousands of US customers, it will take some time for all payments to be processed.
Please be careful of any phishing scams. Only log in to the neteller.com website to request the return of funds. Remember it must have neteller.com as the top level domain using the https security protocol–nothing else.
15 January 2007FOUNDERS OF NETELLER ARRESTED ON BOTH COASTS OF U.S.
It has been reported that the founding partners of Neteller were arrested today, one on the west coast in Los Angeles and one on the east coast in New York.Steve Lawrence and John LeFevre established Neteller in 1999 although both are now removed from the company, John in 2002 and Steve as of October 13th, 2006. Many will recognize that as the date the UIGEA and Safe Port act was signed into law by President Bush.Read full article
18 January 2007ONLINE GAMBLING'S NETELLER STOPPED BUSINESS IN US 12:O1 AM
HOUSTON CHRONICLE – cron.com Jan. 18, 2007, 3:43AM By ROBERT BARR – Associated Press LONDON — Neteller PLC, a Britain-based online money transfer business, said Thursday it is ceasing to handle gambling transactions from U.S. customers because of restrictive legislation and uncertainties about regulations.Read full article
21 March 2007Neteller Strikes Deal - US Customers Want To Know The Terms
Neteller today updated their Frequently Asked Questions section to reflect the announcement made that March 20, 2007 they had struck a deal with the US Department of Justice for the repayment of held funds. When will US customers get their money back? The recent agreements between NETELLER, Navigant Consulting, and the US Attorney’s Office (USAO) represent an important step in the process of an orderly distribution of funds to US customers.Read full article