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NeTeller news

  
 
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drtofu66
Old 06-04-2007, 02:51 PM     Post subject: NeTeller news #1 (permalink)  
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http://www.neteller-group.com/press/en/130.htm

The points we all care about (if you're in the US with money stuck in NeTeller):

The agreed Distribution Plan details the process and mechanisms for the return of funds to US customers. US customers will be able to access their NETELLER accounts online for a certain time and make a request for their funds. In accordance with NETELLER’s Terms of Use, no interest on account balances will be paid. NETELLER will not charge fees to customers to process requests for funds. Funds will be distributed either by electronic transfer to the bank account on record with NETELLER or by a cheque to be sent to a mailing address as confirmed by the customer. If a US customer has a bank account already registered with NETELLER, funds transfer will be by electronic transfer subject to confirmation by the customer that the registered bank account remains valid. US customers will receive the entire balance of funds in their account; no requests for partial payments will be processed. US customers cannot use their accounts for any transaction other than to request the funds.

*****Further information will be communicated to NETELLER’s US customers via email, through our website and through a press release once the date for implementation of the Distribution Plan is finalised.***

[end press release]

So at the moment we still can't do anything; they'll let us know via email when they're ready to verify the bank account info for EFT's and to process withdrawl requests (though mine's been 'pending' since the day the founders got nicked). Good news but until I get my money in my bank account, I remain cautiously optimistic.
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biondino
Old 06-05-2007, 03:56 PM #2 (permalink)  
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This is big news - how come this thread isn't more porminent?
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swiggidy
Old 06-05-2007, 04:48 PM #3 (permalink)  
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good bump, this would double my BR
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bigspenda73
Old 06-05-2007, 05:18 PM #4 (permalink)  
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BAh, I though i had like $300 tied up in Neteller, turns out I only had half that.

Oh well, nice to have my money. Now who can we sue for seizing our funds?
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EasyT
Old 06-07-2007, 07:00 PM #5 (permalink)  
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Quote:
Originally Posted by biondino
This is big news - how come this thread isn't more porminent?
Yes, it is good news. I have $4k in there. But it's not more prominent because it's merely a press release, announcing their intentions to pay us. No action is required at this time. Hopefully action will be required by mid July.

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