PLAYERS:

Luckbox | Otis | G-Rob

About the Up For Poker Blog

Up For Poker Blog Categories:

2006 WSOP
2007 World Series of Poker
2008 Belmont Stakes
2008 Kentucky Derby
2008 World Series of Poker
2009 WPBT Winter Classic
2010 WPBT Winter Classic
American Idol 2009
B&M Poker
Bad Beats
Betting the Ponies
Bradoween
Craps
Disc Golf
Fantasy Sports
Frolf
G-Rob's Thoughts
Game Review
Home Games
Horse Racing
Internet Gambling Bill
Las Vegas
Lefty's Thoughts
Luckbox Last Longer Challenge
Luckbox's Thoughts
March Madness
Movie Previews
Movie review
NCAA Basketball
NETeller News
NFL Football
Online Poker
Online Sports Betting
Other Gambling
Otis' Thoughts
Pick 6
Playing For Fun
Playing For Money
PLO
Poker Blogger Tournaments
Poker Blogs
Poker in the News
Poker Law and Legal News
Poker Movies
Poker on TV
Poker Players
Poker Psychology
Poker Theory
Poker Web Sites
Pot Limit Omaha Strategy
Reading Material
Sports Betting
The Nuts
The Playboy Mansion
Tournament Action
Tuff Fish Appreciation Society
Tunica Tales
UIGEA
Underground Games
Up for Poker News
WPBT Holiday Classic Trip

Previous Hands:

December 2010
November 2010
September 2010
January 2010
December 2009
November 2009
April 2009
March 2009
February 2009
December 2008
November 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004
September 2004
August 2004
July 2004
June 2004
May 2004
April 2004
March 2004
February 2004
January 2004
December 2003
November 2003
October 2003
September 2003

Powered by:
Movable Type 6.3.7
Poker Blog established in 2003 as the first stop for poker news, poker stories, and bad poker advice.

July 30, 2007

Neteller UPDATE

by G-Rob

Updated with important NETeller release form information below
Updated AGAIN with even more important information below

Just got this e-mail from Neteller:

"The NETELLER Plc Group has announced that the distribution of funds to its US members will begin on July 30, 2007.

You are receiving this e-mail because our records reflect that you are a US member who may request funds from NETELLER. As of July 30, you will be able to make a request for funds on NETELLER’s website by signing in to your account. In the meantime, you should visit our online FAQs for more information about the distribution plan.

Please note that US members will not be able to request funds from the NETELLER website after January 26, 2008.

NETELLER Plc Group"

THERE'S MORE!

When I logged in they asked me to sign this release before releasing my funds:

"Release

You and NETELLER Plc Group (each, a "Releasing Party") mutually release, waive, and discharge each other (each, a "Released Party") from any and all manner of actions, causes of action, suits, promises, damages, judgments, executions, claims, counterclaims, demands, and any other form of liability whatsoever, in law or equity, known or unknown, that the Releasing Party ever had, now has, or hereafter can, shall, or may have against the Released Party from the date You opened Your Account to the Effective Date with respect to Your request to receive funds under the Distribution Plan and Your Account.

The additional definitions below apply to this release:

"You" or "Your" refers to you and any of your assigns, heirs, executors, agents, or anyone else acting on your behalf or in your capacity.

"NETELLER Plc Group" means NETELLER plc and its predecessors, successors, present and former affiliated companies, subsidiaries, assigns, officers, directors, stockholders, employees, and agents.

"Your Account" means your online stored value account with the Neteller plc Group, or any of them, which holds electronic money.

"Distribution Plan" means the distribution plan announced by NETELLER Plc Group on 4 June 2007 pursuant to agreements with the United States Attorney’s Office for the Southern District of New York and Navigant Consulting, Inc.

"Effective Date" means the date on which You successfully withdraw funds from Your Account under the Distribution Plan."

Update: Note this first. We ain't lawyers. However, after reading over the waiver and the writings of people smarter than us, it appears the NETeller release is a sort of sly attempt on NETeller's part to get as many of us as possible to sign-off on not suing them for breaking the Terms of Service to which we all agreed when we signed up for an account. In short, they know they are breaking the terms of service and that any of us could try to sue them.

You should know that you do not have to sign this waiver to get your money. You can deny acceptance of the waiver, move on to the next step, and withdraw your money.

By signing the waiver, you are basically giving up your right to sue NETeller at a later date. In exchange, NETeller is agreeing to not sue you at a later date. I'm not sure how many people have to worry about NETeller suing them. I'd guess the answer is none, but who knows. If you think NETeller is going to sue you for something, sign the waiver and be happy that you're getting the money. For what it is worth, I didn't sign the release and my transfer (for no small sum of money) seemed to go through just fine. I don't plan on suing NETeller for anything, but I didn't see any reason to sign off on anything when it wasn't necessary to get my money. I probably will talk bad about NETeller at cocktail parties, but litigation seems ike a fruitless endeavor.

Also, for what it is worth, I didn't receive the e-mail G-Rob mentioned above. However, as I've been waiting for this day for six months, I was sort of eager and went straight to NETeller on my own. --Otis

Update #2: How could this update be more important than the ones that came before it? Well how about this? My money--every last dollar and penny of it--hit my back account in less than 24 hours. The case may not be closed, but I'm done thinking about it. I think my wife needs a new kitchen. --Otis

| NETeller News