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After the arrests of two Neteller co-founders more bad news plagued Neteller. The use of Instacash as an online gambling deposit option was halted by Neteller Tuesday afternoon.
Instacash was the method of instantly depositing funds via players’ bank accounts into the gambling site. Neteller did not stop their normal funding methods and US players can still deposit via non-Instacash methods.
This is the following message players will receive at Poker Stars where the funding issue was discovered.
“Neteller’s Insta Cash option for U.S. players has been discontinued. You may still make a regular Neteller deposit at this time. If you don’t already have funds available at Neteller, please use our Instant eCheck deposit option to make an immediate deposit directly from your bank account.”
Neteller has issued a minor statement on their “Live Help” page along with frequently asked questions to this issue. This is what it says.
“At the end of 2006, NETELLER began reviewing the instaCASH payment option, which resulted in the decision to retire this product from the US, effective January 16, 2007. As such, instaCASH is no longer available to US members.”
“Players will also notice that Neteller has disabled the use of Credit Cards to fund their Neteller account. The InstaCash and Credit Card uses were the only two ways to “instantly fund” Neteller accounts.”
Neteller’s newly published FAQ about this subject seems to avoid the question about whether this move was done because of the US legislation or not. It appears it was.
Neteller’s previous “quick” deposit solution will now take up to 2-5 business days to fund accounts. The main way of funding Neteller from the US will be through EFT deposits which take up to 4-5 days or through bank wire which takes 2 days.
The arrests and now the inability to instantly fund gambling accounts may have a crippling effect on Neteller.
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Roger Shriver, www.compatiblepoker.com
Instacash was the method of instantly depositing funds via players’ bank accounts into the gambling site. Neteller did not stop their normal funding methods and US players can still deposit via non-Instacash methods.
This is the following message players will receive at Poker Stars where the funding issue was discovered.
“Neteller’s Insta Cash option for U.S. players has been discontinued. You may still make a regular Neteller deposit at this time. If you don’t already have funds available at Neteller, please use our Instant eCheck deposit option to make an immediate deposit directly from your bank account.”
Neteller has issued a minor statement on their “Live Help” page along with frequently asked questions to this issue. This is what it says.
“At the end of 2006, NETELLER began reviewing the instaCASH payment option, which resulted in the decision to retire this product from the US, effective January 16, 2007. As such, instaCASH is no longer available to US members.”
“Players will also notice that Neteller has disabled the use of Credit Cards to fund their Neteller account. The InstaCash and Credit Card uses were the only two ways to “instantly fund” Neteller accounts.”
Neteller’s newly published FAQ about this subject seems to avoid the question about whether this move was done because of the US legislation or not. It appears it was.
Neteller’s previous “quick” deposit solution will now take up to 2-5 business days to fund accounts. The main way of funding Neteller from the US will be through EFT deposits which take up to 4-5 days or through bank wire which takes 2 days.
The arrests and now the inability to instantly fund gambling accounts may have a crippling effect on Neteller.
-----
Roger Shriver, www.compatiblepoker.com
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