Neteller pulls out of Canada
Buggers!
Ah well, I wasn't using Neteller much anyway, but this is still a pain. I don't have much sitting there, but I guess I'll be moving it to Poker Stars or Party. I wonder if this a precursor to Party or any other poker sites pulling out of Canada. Now may be the time to clean out my other poker accounts and move all my funds to Stars and Party while I still have an easy way to move money around. Perhaps it is also time to open a Full Tilt account and spread a little love their way.
http://www.neteller-group.com/press/en/127.htm
Press Release
NETELLER Announces Service Changes to Canadian and Turkish Market
Monday, 26 March 2007 – The NETELLER Plc Group (“NETELLER” or the “Group”) (LSE: NLR), the leading global independent online money transfer business, today announced several significant changes to its services in a number of markets.
The Group continually assesses the risk profile and status of the markets its serves. Recent actions by regulators, payment processors, and online gaming operators have increased the uncertainty around certain activities related to online gambling in some jurisdictions. The Board of Directors of the Company reached a decision, on 25 March 2007, that the risk to the Group’s ongoing business in Canada and Turkey has increased in the light of such developments. The Board has therefore concluded that the Group will no longer process transfers related to online gambling sites on behalf of Canada or Turkey resident customers.
Reduced Service to Canada
* Cessation of Canadian transfers to gambling merchants: the Group will cease processing online gambling related transactions for Canada-resident customers with effect from 12.01 AM MST Monday 9 April 2007.
* Suspension of InstaCASH transactions: As of today Monday 26 March 2007, at 12:01 AM MST, Canada-resident customers were no longer able to deposit funds using NETELLER’s instaCASH service either directly or from any online gambling site.
* Non-gambling services continue: Canada-resident customers will continue to be able to use their e-wallet accounts for non-gambling transactions, including peer-to-peer and pre-paid debit transactions.
* Available customer funds: Customer funds, including those of Canadian residents, are held in a pooled, segregated trust account and will be available for withdrawal by customers, on demand. Canadian customers continue to be able to use their e-wallet accounts for non-gambling transactions.
...blah blah blah blah
Ah well, I wasn't using Neteller much anyway, but this is still a pain. I don't have much sitting there, but I guess I'll be moving it to Poker Stars or Party. I wonder if this a precursor to Party or any other poker sites pulling out of Canada. Now may be the time to clean out my other poker accounts and move all my funds to Stars and Party while I still have an easy way to move money around. Perhaps it is also time to open a Full Tilt account and spread a little love their way.
http://www.neteller-group.com/press/en/127.htm
Press Release
NETELLER Announces Service Changes to Canadian and Turkish Market
Monday, 26 March 2007 – The NETELLER Plc Group (“NETELLER” or the “Group”) (LSE: NLR), the leading global independent online money transfer business, today announced several significant changes to its services in a number of markets.
The Group continually assesses the risk profile and status of the markets its serves. Recent actions by regulators, payment processors, and online gaming operators have increased the uncertainty around certain activities related to online gambling in some jurisdictions. The Board of Directors of the Company reached a decision, on 25 March 2007, that the risk to the Group’s ongoing business in Canada and Turkey has increased in the light of such developments. The Board has therefore concluded that the Group will no longer process transfers related to online gambling sites on behalf of Canada or Turkey resident customers.
Reduced Service to Canada
* Cessation of Canadian transfers to gambling merchants: the Group will cease processing online gambling related transactions for Canada-resident customers with effect from 12.01 AM MST Monday 9 April 2007.
* Suspension of InstaCASH transactions: As of today Monday 26 March 2007, at 12:01 AM MST, Canada-resident customers were no longer able to deposit funds using NETELLER’s instaCASH service either directly or from any online gambling site.
* Non-gambling services continue: Canada-resident customers will continue to be able to use their e-wallet accounts for non-gambling transactions, including peer-to-peer and pre-paid debit transactions.
* Available customer funds: Customer funds, including those of Canadian residents, are held in a pooled, segregated trust account and will be available for withdrawal by customers, on demand. Canadian customers continue to be able to use their e-wallet accounts for non-gambling transactions.
...blah blah blah blah
posted by FloppyJT at 11:04 AM
4 Comments:
I guess the only good thing you can say about Neteller pulling out is that at least they allowed you time to get your money out. They just royally fcked us Americans and closed up shop.
Things are really getting screwy on the Online Gambling side of things.
Hey wolverine,
Yes, having the couple weeks notice is definitely much better than what the US was faced with. I will have plenty of time to move money around once I figure out where I want to move it.
And things really are getting screwy with online gambling! I guess the games will only get worse before they get any better.
Welcome to online poker hell, floppy. I thought you Canucks were going to be safe from the Neteller debacle.
What the hell is going on anymore with online gaming?
Hey Michael,
Yeah, I thought we were going to be okay too and still have no idea what spooked Neteller. This will certainly make bonus whoring a lot tougher and further cause games to dry up.
Online gaming is getting the shaft.
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