Unease as Neteller, Citadel Shut Down Internet Gambling Transfer Service
Unease as Neteller, Citadel Shut Down Internet Gambling Transfer Service
There must be a more-than-mild panic in the Online Gambling industry following the withdrawal of Neteller and Citadel.
Neteller withdrew from the US market, effective immediately.
In a statement it said:
"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."
Earlier, Citadel announced that it has shut down Financial processing for non-domestic internet gaming merchants for USA consumers.
According to Gambling911.com, many online poker rooms and gambling sites in general have become increasingly dependent on third party payment processor, NETeller.
For instance, Full Tilt Poker was reportedly about 75% dependent on NETeller, while PokerStars’ dependency lies around 60%.
This could mean that these large online casino and poker sites are in danger of losing out to other venues less reliant on NETeller.
But only time will tell…
There must be a more-than-mild panic in the Online Gambling industry following the withdrawal of Neteller and Citadel.
Neteller withdrew from the US market, effective immediately.
In a statement it said:
"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."
Earlier, Citadel announced that it has shut down Financial processing for non-domestic internet gaming merchants for USA consumers.
According to Gambling911.com, many online poker rooms and gambling sites in general have become increasingly dependent on third party payment processor, NETeller.
For instance, Full Tilt Poker was reportedly about 75% dependent on NETeller, while PokerStars’ dependency lies around 60%.
This could mean that these large online casino and poker sites are in danger of losing out to other venues less reliant on NETeller.
But only time will tell…
posted by Postcards From The Ledge at
1:18 AM
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