[BettorGolfer]

there was a thread I read about Netellers new agreement terms, but I'm no law lingo person, so someone PLEASE help me understand what they are saying.

I have some money in my Party account, and some money in Full Tilt and some still in Neteller. If I withdraw from Party and FT, will Neteller let me withdraw that, and if I don't withdraw, can I re=deposit at any of these sites?

Thanks

[IlliniTomahawk]

Originally Posted by BettorGolfer

there was a thread I read about Netellers new agreement terms, but I'm no law lingo person, so someone PLEASE help me understand what they are saying.

I have some money in my Party account, and some money in Full Tilt and some still in Neteller. If I withdraw from Party and FT, will Neteller let me withdraw that, and if I don't withdraw, can I re=deposit at any of these sites?

Thanks

I am no expert at this, but if you have a Net Teller debit card, you can withdraw your funds from an ATM and nobody can touch you. I am thinking this is how I am going to remove my $$ from Net Teller.

Not sure how the re-depositing in sites would work at this point.

Hope that helps.

[JM]

Neteller's terms make it clear they are not a bank and therefore shouldn't be affected by this new bill. You should be able to continue to use them to deposit.

[MasterBrewer]

From what I understand, Neteller is owned by a company that is NOT affiliated with any online poker site, and it is NOT based in the US. Also, there are 1000s of other reasons why you would fund a Neteller account besides online poker.

Therefore, from what I understand, it will be perfectly legal for your American bank to fund your Neteller account. Who is to say you arent using that money to pay for an online purchase, or some other reason the All Knowing American Government(tm) has deemed acceptable. This is the important part. As long as Neteller accounts can be used for something other than poker or other online "gambling", US banks should be perfectly legal in funding them.

Once the money is in your Neteller account, you can do whatever you want with it since its not an American company, and this BS law doesn't apply to them.

As far as getting money out is concerned... there shouldnt be ANY problem with that. They way I understand it is that the new law doesn't deal with withdrawals, only deposits. If there was a way, you could actually have party poker (or any other site) directly deposit your money to your American bank account and it would be perfectly legal.

Again, this is just how I understand it. I could be wrong.

[IlliniTomahawk]

FWIW: I did use my Net Teller ATM card as described above and was able to withdraw my funds without a hitch. So, if you run into any problems withdrawing, I would suggest this method.

[dad604]

Neteller is a Canadian company that is incorporated in the Isle of Man. I believe it is also listed on the London stock exchange. It is something like PalPay except it has nothing to do with the US.

Here is link to a statement by NT.

http://content.neteller.com/content/...nessupdate.htm