Fuzzy NETeller math and bankruptcy rumors

[The Buzz]

Buzzy practically has a contact high from all the NETeller bankruptcy rumors floating around. While there is a chance (decent chance in Buzzy's humble opinion) that NETeller could file for bankruptcy, it won't happen because of the fuzzy math floating around the NET that goes something like this:

• NETeller lost 65% of its revenue when they pulled out of the U.S.
• Canada represented 30% of NETeller's remaining revenue.
• Therefore NETeller has lost 95% of its revenue.

Wrong! Wrong! Wrong!

Prior to NETeller pulling out of the U.S., North America (U.S. AND Canada) generated about 80% of the ewallet's revenue. When NETeller pulled out of the U.S., Canada's revenue share was large enough that it became 30% of what was left. Not 30% of the original.

By pulling out of the U.S. and Canada, NETeller has essentially lost 80% of its pre-UIGEA revenue. Whether they can survive this massive blow is a matter for debate. But if they do go under, it won't be because they lost 95% of their revenue.

[PartnerJ]

Hi, with this in mind, how do you think...can moneybookers take neteller's place?

I know they are really popular in the scandinavian countries, so is there a chance for them to grow even more? I am not sure if a big number of advertisers offer payments via moneybookers...do you know ones offering that?

Firepay is not working with Canada too...who do you think will be next to withdraw?

[WinYourWayKyle]

Click 2 Pay is still funding online gaming sites correct? I received the e-mail the other day from Neteller telling me they were pulling out of the Canadian market. This was kind of frustrating as I do fund online gaming account, but I also used to send money through them to people that I know in the US and other parts of Canada.

I think we are going to see a lot more e-wallet companies surface in the near future that are located offshore, and fund the online gaming sites directly.

[TheGooner]

Hi, with this in mind, how do you think...can moneybookers take neteller's place?

I know they are really popular in the scandinavian countries, so is there a chance for them to grow even more? I am not sure if a big number of advertisers offer payments via moneybookers...do you know ones offering that?

Moneybookers is also popular through UK, Asia and downunder too.

They already have far more tie-ins to the banking system (eg able to pay directly to my bank account down here in New Zealand - whereas Neteller was Cheque ony) ...

I get moneybookers payments from several casino groups - with more coming on all the time.

Moneybookers are certainly a viable method and a growing e-wallet ... and probably now do more business than Neteller

[villa10]

To take neteller's place a Debit Card is a must.
Only wires and checks are available with moneybookers.
Too restrictive for small commissions.

No complains with MB, but their wires takes a sweet time to reach my bank (10 days some times).
Email support is inexistent.

[TheGooner]

To take neteller's place a Debit Card is a must.
Only wires and checks are available with moneybookers.
Too restrictive for small commissions.

No complains with MB, but their wires takes a sweet time to reach my bank (10 days some times).

Debit card ?
Makes me wonder what you're using Neteller for currently?
Taking cash as undeclared profits?


You can accumulate commissions in your wallet and the maximum wire charge is just 1.80 Euros.

For me as an affiliate Moneybookers meets my needs completely ..
And I encourage all programs to get on board with this e-wallet.


And as a player the movement in/out of bookies is also very good and much cheaper than using banks directly and/or credit cards.

[PartnerJ]

Hi Gooner thanks for the facts about moneybookers...still that is something we've never used.

Have you heard about webmoney?

What is the most convenient way for you to receive payments from advertisers?

[villa10]

[quote=TheGooner;482063]
Debit card ?
Makes me wonder what you're using Neteller for currently?
Taking cash as undeclared profits?

/quote]

A Debit Card is not necessarily linked with tax evasion.
Instead your bank statement, you may present in your tax office your Neteller, Epassporte, Paypal balances.
The tax impact will be the same, avoiding all the bank paperwork etc.

I'm a registered user with MB, so I know well this company, receiving wires often from non casinos deals.

Anyway to attract a big universe of customers the actual conditions at moneybookers are not suitables IMO.