Neteller Instacash

Brock Landers · Jul 23, 2004

Anyone have a limit on these more than 3,000? I just became eligible to ask to have my limit raised, basically had to clear a ton of money thru this method.

Anyway, just curious also to know if anyone did one of these instacash trasnfers but then didn't have the money in their bank account to cover it when it came thru. What sort of problems happened? Hasn't happened to me, but curious to know what COULD happen.

batistuta · Jul 23, 2004

Brock - I have a 7500 instacash limit.

They will bump you up to 5k for a while and then you can go to 7500.

As for your second question - i dont know.

Brock Landers · Jul 23, 2004

Did it take you long after you requested to go from 3,000 to 5,000? Did you have to request that by email?

batistuta · Jul 23, 2004

To go from 3 to 5 was a piece of cake. Send email to requests@neteller.com and cc raiselimits@neteller.com .

To go from 5 to 75 was a nightmare. Now let me say that if anyone on earth uses neteller more than me I would like to meet them. I have used them since the begining and have never bounced anything. I have billions of neteller points that I am saving to buy a sportsbook or neteller.

To go from 5 to 75 - they sent me what they call "velocity documents". All it is is basically a written contract stating that you are the owner of the bank acct etc and they request a copy of your drivers license. That should have done it but in my case the head of security (apparantly there is only 1!!! person at all of neteller that can raise a limit over 5k) was out of the country and then sick and then.....

But about a month later it was done. It really shouldnt take this long but keep in mind that when I was talking to them the mgrs kept reminding me that "very very few" people had limits over 5k.

Good luck.

curt · Jul 23, 2004

I have a 3000 dollar insta cash weekly limit. I only use it for WSEX as they are the only book I know that pick up all the fees and you are not charged 8.9% by neteller or whoever. Does anyone else do it? When it is done thru WSEX,you have to use their website to intiate it or the fees will kick in.

Guest · Jul 23, 2004

cris,betgameday,betmill,betjamaica,betwwts,all will pick up the insta cash fee if you do the deposit from the books site

curt · Jul 23, 2004

Seems like there has always been confusion on this. I went to the betwwts website and it said that there is a 6.5% charge on all insta cash deposits from their website.

Guest · Jul 23, 2004

did a couple with them last month at it was free,maybe they changed,have not used them for a couple weeks,thanks for the info

marc · Jul 23, 2004

My limit is 5k. As Batistuta said it was real easy to get the increase.
If you bounce the eft, you need to contact neteller. Otherwise they will keep putting thru the eft request, and unless you put mney in your account it will keep bouncing, incurring more bounced check fees for both you and neteller. Your account will obviously be forzen until you reimburse neteller.

Delldude recently bounced an instant eft so you could ask him about it.

Brock Landers · Jul 24, 2004

I got the increase yesterday to 5,000, was easy, just had to send in that velocity report they requested which showed my bank info, no balances, just that i am using the account i same i am, not that that should be an issue, they have cleared numerous EFT's from me in the past.