NETeller Cuts Ties with American Online
Casinos
18 January 2007
US players can no longer deposit or withdraw
funds using NETeller, Click2Pay and Moneybookers.
The continuing effort by the United States authorities
to ban gambling at online casinos is, well, continuing. The
legislation passed a couple of months ago and which shook the online
casino industry worldwide, has focused on the payment services that
cater online casinos. Perhaps the best known of them and most popular
of the payment methods, NETeller, has been the most recent company to
be hurt from the policy. NETeller, and gamblers who use it for their
gambling at online casinos.
This week saw the arrest of two of the founders of the e-wallet
company that has served online casinos deposits, as well as other
merchants across the Internet. The arrests came in spite of the two
not being involved any longer with the company or with online casinos
at all. Then, following these developments, the company came out with
a message to its US clients that it will immediately cease serving
transfers to and from online casinos. The decision is to take effect
immediately, but will not apply to non-US gamblers or to any industry
other than online casinos. That being said, the online casino activity
is by far the main focus of the company. Of this, American gamblers
made up over half of its members.
Naturally, this development, involving such a big player in the world
of online casinos, has cause worries to the business and the gambling
community as a whole; worries, as well as confusion. Afraid the
consequences of the developments might affect NETeller members,
shareholders, business partners and the managers themselves has been
in the background of the company's decision to shut down its online
casinos services to US gamblers.
On the positive side, as far as the online casinos world is concerned,
NETeller has been developing its hold in Europe, Asia and other
growing gambling markets. As for the American gamblers, the funds are
kept safe and secure, and instructions were posted by the company for
quick and simple withdrawals. The company prepares to pull out of this
crisis with a business plan they seem to have been planning for a
while now, anticipating a development of this kind. Online casinos
gamblers will surely watch closely to see if this will happen.
See also:
Casino Banking
methods
