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Originally Posted by pokerwhiz As I understand it, banks are going to have a hard time blocking Neteller because it does not accept "bets or wagers...". It has about 3500 other vendors, non gambling, and is much like Paypal and the others. |
To further distance and protect its business from this law, Neteller just announced a feature last week that allows its merchants (read poker rooms etc) the freedom to block money transfers from specific countries if they wish. So in effect Neteller is washing its hands and passing the ball to gambling sites, and sending out a neutral message.
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| In an enhancement to the NetDirect merchant platform, the Company has released
new capabilities which allow merchants the freedom to define which global markets
they wish to operate in. These new features work by enabling merchants to maintain
country black-lists that block any money transfers from customers in those countries. |
http://investors.neteller.com/netell...oct06FINAL.pdf