NETELLER Halts InstaCash For Us Residents

The largest online payment provider, NETeller, has recently suspended InstaCash privileges for US customers. InstaCash was a feature used by a large percentage of US residents and online gambling establishments that made it easy for players to access their money.

InstaCash let customers transfer funds instantly from NETeller to the gaming site online before the funds actually left the player's bank account. InstaCash privileges were given to customers based on several factors, and the amount was increased if the customer had InstaDebit transactions clear frequently. The more transactions that cleared, the higher the limit for transactions. Many US players became VIP customers of NETeller because of the amount of transactions they were conducting.

Now, the only thing available to US customers is EFT (Electronic Funds Transfer) and bank wire transfers. US players are scrambling to find a way to fund their casino accounts without hassle and hopefully something will open up. The word is that NETeller has taken some hits relating to InstaCash withdrawals in regards to US banks and regulations; however, they still continue to service the US.

InstaCash was an option also available inside many casinos actual software as a feature to transfer the funds from a player's NETeller account directly to the casino instead of going through NETeller directly and then transferring funds to the casino. Since this has been halted, many casinos could see a temporary drop in casino revenues, however, this could only be speculation, as this won't deter players from being loyal and remain playing. An option for several players has been prepaid Visa and MasterCard, which seems to work in many gaming sites online.