The Passage of the unlawful internet gambling act has seemed to effect many but not online payment processor neteller.It is on the cutting edge of technology and legal savvy. They have announced today that they will continue to service it customers based in America. Here is the statement excerpt from there website.
NETELLER Plc (LSE: NLR), the leading independent online money transfer
business, today announced the latest milestone in its market diversification strategy by
formally launching two new country specific versions of its service in Denmark and
Sweden. The Company also confirms its position regarding the US SAFE Port Act.
US Safe Port Act Position
As stated in an announcement of 2 October 2006, the Company, in conjunction with
its advisers, continues to monitor the progress of the Act and likely resultant
regulations. The Company expects to have a clearer view of how financial services
companies can comply and any possible resulting impact on its business as the
regulations are drafted in the 270 days following the signing of the Act. In the
meantime, the Company will continue to operate its business to minimize any
potential adverse impact, maintaining existing customer and merchant support across
all the markets it currently serves.
We will see if this continues to be there stance once the bill gets signed and the 270 day period defines the law. Party Poker, 888 and Titan Poker have already announce that if sign by the president it will no longer recognize real money players from the US.
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