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August 14, 2007
No sooner had embattled e-wallet Neteller started paying back its US customers after freezing their accounts for six months, then internet reports emerged that some of its cheques are not being recognized. Neteller began to repay funds to its US customers after the company had frozen their accounts for six months following an investigation into the company for financial wrongdoing by the US Department of Justice. Neteller has now reached an agreement with US authorities which includes paying back its US customers. Neteller withdrew from the US online payment processing industry following that country’s implementation of its Unlawful Internet gambling Enforcement Act. US online bingo players and online bingo halls who conducted business with Neteller were affected by the company’s withdrawal from the US market. Neteller spokesman Andrew Gilchrist has said about the issue: "We have been investigating the issues which you raised. We typically mail a large number of cheques to our customers across various countries and occasionally there are presentment issues. We would therefore regard the incidences referred to as not unusual given the volume of cheques we have been mailing as part of the US distribution plan. "You may be interested in the following statistics in relation to our US distribution plan: to date, of the $94 million due, $68.5 million has been requested (73%), of which $60.5 million has successfully cleared, and $8 million is pending/ on-route / in mail.” Written by John Witherspoon - Play bingo online at http://bingostreet.com/ and read celebrity gossip.
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