Neteller - Can you trust them?

[wibby]

Ok, so finally after months of loosing I'm starting to see some green figures. What is the best way to cash out? Everyone seems to be using Neteller, can you trust that they will not inform your government of your financial status in the account?

[wobbler]

Which is "your" government? If you live in Sweden you can be pretty sure the tax authorities won't know anything about your Neteller acct.

[Humphrind]

Neteller is as safe as any bank. If you want to keep the gov't in the dark about your money. Good luck.

[wobbler]

Neteller is as safe as any bank.

Is it? I don't think it IS a bank. So your money isn't protected by banking laws and insured by a national bank as it is in a regular bank account.

[BoondockSaint]

Id trust neteller with a million dollars.

[DaNutsInYoEye]

Then again you don't have a millions dollars. You don't have a million bananas either but I bet you'd trust Neteller with them if you did, huh?

[DaNutsInYoEye]

On a less serious note though... If you make a Neteller transfer to another person, do not use the same computer to access their account and accept the transfer. Apparently this is a no-no and they will lock both you and your second bonus whoring account that you got your girlfriend to set up.

[BoondockSaint]

Then again you don't have a millions dollars. You don't have a million bananas either but I bet you'd trust Neteller with them if you did, huh?

What makes you think I don't have a million dollars. I havent worked for money I actually need in 22 years.

[a500lbgorilla]

Id trust neteller with a million dollars.

Hmm, probably a good reason why you don't have a million dollars :P

-'rilla

[a500lbgorilla]

Then again you don't have a millions dollars. You don't have a million bananas either but I bet you'd trust Neteller with them if you did, huh?

What makes you think I don't have a million dollars. I havent worked for money I actually need in 22 years.

An assumption made through the stakes you play.

-'rilla

[BoondockSaint]

LOL!!!!!!! Damnit rilla I wasnt askin u. U know me better that nuts.

[ensign_lee]

On a less serious note though... If you make a Neteller transfer to another person, do not use the same computer to access their account and accept the transfer. Apparently this is a no-no and they will lock both you and your second bonus whoring account that you got your girlfriend to set up.

What are you talking about?

[xbones]

I absolutely trust neteller, now listed on the london stock exchange, and making mucho profit.

They are based round the corner form me too, so I can go in and complain.

[ChezJ]

neteller is a publicly traded company that is answerable to its shareholders. however it is an e-wallet service not a bank. as such, your deposits are not insured by the FDIC. on the other hand, to stay competitive, they are financially motivated to be more secure than banks. their account verification procedures are far more stringent than those used by paypal, visa, mastercard, etc., and as a result, they are more trusted than those services by e-commerce vendors. the company backs every single transaction and will indemnify against any fraudulent losses suffered by their customers. bottom line, you can trust them like you trust your grandmother.

as far as taxes are concerned, they are based in the isle of man which is a british commonwealth. if you are an american, your money might as well be in a swiss bank account.

ChezJ

disclosure: i own shares of the company.

[Eric]

Neteller has a good reputation, I feel safe using them.