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01/17/07
As of midday today, Neteller has announced that they will stop allowing transactions from U.S. customers to and from online gaming sites until further notice. The news of this most recent blow to the online gaming industry comes shortly after Steve Lawrence and John Lefebvre, Neteller's founders, were detained while visiting the United States. Lawrence and Lefebvre, both legal residents of Canada, currently own just 5% of the company's stock.
Neteller released the following statement explaining their new policy:
US member update
Effective Immediately
Due to recent US legislative changes and events, effective immediately, US members are no longer able to transfer funds to or from any online gambling sites.
All US members will continue to be able to use their NETELLER e-wallet account to safely transfer funds to and from non-gambling merchants and are not required to close their account or withdraw their funds.
More information regarding Neteller's policy changes can be found here:
http://content.neteller.com/content/en/member_businessupdate.htm
Stay tuned for the latest.
GG
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