NETELLER Halts Instacash For Us
Residents
The largest online payment provider, NETELLER, has
recently suspended Instacash privileges for US customers.
Instacash was a feature used by a large percentage of US
residents and online gambling establishments
that made it easy for players to
access their money.
Instacash let customers transfer funds instantly from
NETELLER to the gaming site online before the funds actually
left the player's bank account. Instacash privileges were
given to customers based on several factors, and the amount
was increased if the customer had instadebit transactions
clear frequently. The more transactions that cleared, the
higher the limit for transactions. Many US players became
VIP customers of NETELLER because of the amount of
transactions they were conducting.
Now, the only thing available to US customers is EFT and
bank wire transfers. US players are scrambling to find a way
to fund their casino accounts without hassle and hopefully
something will open up. The word is that NETELLER has taken
some hits relating to Instacash withdrawals in regards to US
banks and regulations; however, they still continue to
service the US.
Instacash was an option also available inside many
casinos actual software as a feature to transfer the funds
from a player's NETELLER account directly to the casino
instead of going through NETELLER directly and then
transferring funds to the casino. Since this has been
halted, many casinos could see a temporary drop in casino
revenues, however, this could only be speculation, as this
won't deter players from being loyal and remain playing.
An option for several players has been prepaid Visa
and MasterCard, which seems to work in many gaming sites
online.
Posted: March 1, 2007
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