Serious Question!!!!!!!

bigdog9933 · Jun 19, 2006

what if neteller closed up shop, and took our money with them what recourse would we have?

whalewager · Jun 19, 2006

panic button

bigdog9933 · Jun 19, 2006

whalewager said:
panic button

u aint never lied

wolfie_cr · Jun 19, 2006

if you are owed substancial money you just trace the money, millions of dollars dont disappear overnight, it would cost you $ to get the lawyers/resources to trace it but it wouldnt be like finding a pin on a haystack

KeithRichard · Jun 19, 2006

Sportsbooks and casinos disappear with people's money don't they? What makes you think Neteller is exempt from this? Even Pinnacle and Olympic could go broke (I seriously doubt this) if they were being mismanaged. No sure things in this life.

Journeyman · Jun 19, 2006

How much money would Neteller have in their account on average?

How many millions?

Woody0 · Jun 19, 2006

Journeyman said:
How many millions?

"NETELLER Quick Facts

User base of more than 2.5 million customers
More than 3,400 online merchants accept payments through NETELLER system
Over $7.3 billion in transactions processed in 2005"

Suspect they have at least $250M of customer money on hand at any time. Transactions equate to about $100M pa income. Financial statements will be on file, as a public company.

WildBill · Jun 19, 2006

Do people really leave that much money in their Neteller accounts? I leave about 5-10% of my total bankroll in there max, sometimes I am at zero. I assume most other people do much the same just leaving enough in there to be able to do a quick emergency reload and that is it.

Brock Landers · Jun 19, 2006

about the same amount of recourse THEY have when people bounce Instacash's and tell em to go to hell..

ZERO

frankcat · Jun 20, 2006

:nopityA: Enron was one of the top 10 biggest companies in the world. What makes you think that Neteller couldn't disappear immediately? Lots of things happen that you don't think can happen. The Nasdaq went from over 5,000 to 1,000 in 24 months, Mike Tyson lost to Buster Douglas, Rudy Guiliani was Time Man of The Year, and the list goes on.

The next thing that can't happen is a Real Estate Crash. Watch it and enjoy.