Neteller Cuts Ties with US Casinos

Perhaps the best known of them and most popular of the payment methods, Neteller, has been the most recent company to be hurt from the policy. This week saw the arrest of two of the founders of the e-wallet company that has provided deposit solutions. The arrests came in spite of the two not being involved any longer with the company or with online casinos at all. Then, following these developments, the company came out with a message to its US clients that it will immediately cease serving transfers to and from the targetted sites. The decision is to take effect immediately, but will not apply to non-US gamblers or to any other industry. That being said, the online gambling activity is by far the main focus of the company. Of this, American gamblers made up over half of its members.

Naturally, this development, involving such a big player in the business, has cause worries to the business and the gambling community as a whole; worries, as well as confusion. Afraid the consequences of the developments might affect Neteller members, shareholders, business partners and the managers themselves has been in the background of the company's decision to shut down its services to US gamblers.

On the positive side, as far as the industry is concerned, Neteller has been developing its hold in Europe, Asia and other growing gambling markets. As for the American gamblers, the funds are kept safe and secure, and instructions were posted by the company for quick and simple withdrawals. The company prepares to pull out of this crisis with a business plan they seem to have been planning for a while now, anticipating a development of this kind. Gamblers will surely watch closely to see if this will happen.