Is anyone scared of Neteller?

DonDollars · Aug 28, 2006

I remember reading posts in which people said they were withdrawing funds from Neteller and that they were uncomfortably having money in their account. Does anyone feel that money is unsafe in Neteller right now? If so, why?
Thanks

HarryCaray · Aug 28, 2006

Don Dollars said:
Does anyone feel that money is unsafe in Neteller right now?

Not at all.

Fishhead · Aug 28, 2006

Would treat NETELLER just as one should treat ANY sportsbook one is with..............do not have at risk more than one can confortably afford to lose.

MattRain · Aug 28, 2006

Not one bit. Years of 100% trouble-free service from them, and I know that my funds have been transferred into a regulated Canadian bank when they sit in the ATM card account.

I hold them in higher esteem than my own bank.

BernieKozar · Aug 28, 2006

Matt Rain said:
Not one bit. Years of 100% trouble-free service from them, and I know that my funds have been transferred into a regulated Canadian bank when they sit in the ATM card account.

I hold them in higher esteem than my own bank.

Perhaps it is time to find a new bank????

MattRain · Aug 28, 2006

BernieKozar said:
Perhaps it is time to find a new bank????

Probably - I'm lazy.

I was referring to my dealings with Customer Service, btw - Neteller has always been top-notch and super responsive. I wouldn't let my life savings sitting in there for months, but I wouldn't lose sleep over it either.

viking611 · Aug 28, 2006

BernieKozar said:
Perhaps it is time to find a new bank????

no shit...let me know when Neteller guarantees you up to 100K.

sean1 · Aug 28, 2006

Much less risky than a sportsbook.

There is no insurance, but they are UK banking regulated. They are not allowed to operate on margin or credit.

They must have the funds they retain.

The US could block future transactions going to Neteller, but no way the US is going to say keep the money. The US demanded BOS return the money. BOS did not have the money. Neteller would have the funds and can't just dissapear - they'd be arrested as a bank in the uK.

-Sean

Dante · Aug 28, 2006

Matt Rain said:
Not one bit. Years of 100% trouble-free service from them, and I know that my funds have been transferred into a regulated Canadian bank when they sit in the ATM card account.

I hold them in higher esteem than my own bank.

call me nuts but I feel this way to....when its on your ATM card its not in neteller anymore

but besides that if your SCARED of anything you should not using it