Comments on: Neteller Signals It’s Intention to Comply With US Law http://www.billrini.com/2006/10/19/neteller-signals-its-intention-to-comply-with-us-law/ Blogging About Poker Since 2546 Thu, 09 Feb 2012 10:31:43 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Gene Bromberg » Blog Archive » Gambling High http://www.billrini.com/2006/10/19/neteller-signals-its-intention-to-comply-with-us-law/#comment-2462 Gene Bromberg » Blog Archive » Gambling High Wed, 20 Jun 2007 04:12:31 +0000 http://www.billrini.com/2006/10/19/neteller-signals-its-intention-to-comply-with-us-law/#comment-2462 [...] Sorry if my writing have gotten a bit schitzophrenic lately, alternating between calls to the barricades and “Hey, I won a $10 SNG last night!”. These are strange days to be a poker blogger in America. We might be an endangered species, a fear that only deepened after I read Bill’s post on the UIGEA today (Bill also just posted about Neteller’s updated position vis-a-vis the UIGEA). I left my two cents in the comments, and unfortunately I pretty much agree with Bill’s (and Chuck Humphrey’s) analysis. Much of the “good” news coming out lately about online poker has struck me as something like whistling past the graveyard. I don’t think “business as usual” is a reasonable expectation at this point. Party’s immolation notwithstanding, we haven’t seen the full ramifications of this law yet, not by a long shot. [...] [...] Sorry if my writing have gotten a bit schitzophrenic lately, alternating between calls to the barricades and “Hey, I won a $10 SNG last night!”. These are strange days to be a poker blogger in America. We might be an endangered species, a fear that only deepened after I read Bill’s post on the UIGEA today (Bill also just posted about Neteller’s updated position vis-a-vis the UIGEA). I left my two cents in the comments, and unfortunately I pretty much agree with Bill’s (and Chuck Humphrey’s) analysis. Much of the “good” news coming out lately about online poker has struck me as something like whistling past the graveyard. I don’t think “business as usual” is a reasonable expectation at this point. Party’s immolation notwithstanding, we haven’t seen the full ramifications of this law yet, not by a long shot. [...]

]]> By: Bill http://www.billrini.com/2006/10/19/neteller-signals-its-intention-to-comply-with-us-law/#comment-2461 Bill Thu, 19 Oct 2006 21:18:38 +0000 http://www.billrini.com/2006/10/19/neteller-signals-its-intention-to-comply-with-us-law/#comment-2461 Hi Roger, Neteller has said in a press release that if the US gov says no transfers to gaming sites they'll stop transferring money to gaming sites. What part of the Neteller press release sounded vague to you? They said they would comply with the law!!!! Contrary to what you posted, the law isn't limited to credit cards. In fact, it goes the other direction and names "other financial instruments" just to make sure that every possible way of transferring money from A to B is covered. I'll take your $100 wager on the following conditions: 1. This law is still in effect 1 year from today. 2. No additional laws weakening this law have been passed during the 1 year period. If the law stands, as is, Neteller will shut down US customers approx. 270 days from now, if not sooner. I accept your wager and look forward to you telling me which third party you find acceptable to hold our funds. Bill Hi Roger,

Neteller has said in a press release that if the US gov says no transfers to gaming sites they’ll stop transferring money to gaming sites. What part of the Neteller press release sounded vague to you? They said they would comply with the law!!!!

Contrary to what you posted, the law isn’t limited to credit cards. In fact, it goes the other direction and names “other financial instruments” just to make sure that every possible way of transferring money from A to B is covered.

I’ll take your $100 wager on the following conditions:

1. This law is still in effect 1 year from today.

2. No additional laws weakening this law have been passed during the 1 year period.

If the law stands, as is, Neteller will shut down US customers approx. 270 days from now, if not sooner.

I accept your wager and look forward to you telling me which third party you find acceptable to hold our funds.

Bill

]]> By: Roger http://www.billrini.com/2006/10/19/neteller-signals-its-intention-to-comply-with-us-law/#comment-2460 Roger Thu, 19 Oct 2006 21:02:47 +0000 http://www.billrini.com/2006/10/19/neteller-signals-its-intention-to-comply-with-us-law/#comment-2460 Again Bill, you are an idiot. First, Neteller will NEVER stop accepting my deposits. I guarantee that. Why, because, Neteller is a financial merchant - not a gambling site. I can use Neteller as an ewallet for buying anything were Neteller is accepted. Second, the new law is that CREDIT CARD companies (which Neteller is not) may not be used to transfer to gambling sites. Okay, big deal. All the cards I have today will not let me transfer SHIT to a gambling site. So, who wants to wager me $100 that 1 year from today you will still be able to use Neteller to transfer $100 to PokerStars? Again Bill, you are an idiot. First, Neteller will NEVER stop accepting my deposits. I guarantee that. Why, because, Neteller is a financial merchant – not a gambling site. I can use Neteller as an ewallet for buying anything were Neteller is accepted. Second, the new law is that CREDIT CARD companies (which Neteller is not) may not be used to transfer to gambling sites. Okay, big deal. All the cards I have today will not let me transfer SHIT to a gambling site. So, who wants to wager me $100 that 1 year from today you will still be able to use Neteller to transfer $100 to PokerStars?

]]> By: Bill http://www.billrini.com/2006/10/19/neteller-signals-its-intention-to-comply-with-us-law/#comment-2459 Bill Thu, 19 Oct 2006 20:46:30 +0000 http://www.billrini.com/2006/10/19/neteller-signals-its-intention-to-comply-with-us-law/#comment-2459 He gets a spanking. He gets a spanking.

]]> By: ToddCommish http://www.billrini.com/2006/10/19/neteller-signals-its-intention-to-comply-with-us-law/#comment-2458 ToddCommish Thu, 19 Oct 2006 20:14:58 +0000 http://www.billrini.com/2006/10/19/neteller-signals-its-intention-to-comply-with-us-law/#comment-2458 Just curious... are there any repercussions if the Secretary of the Treasury and/or the Fed fail to issue regulations by the deadline? In essence, this could be a pocket veto by the executive branch of this particular provision... Just curious… are there any repercussions if the Secretary of the Treasury and/or the Fed fail to issue regulations by the deadline? In essence, this could be a pocket veto by the executive branch of this particular provision…

]]>