Neteller, Citadel Shut Down Internet Gambling Transfer Service

Neteller has withdrawn from the US market, effective immediately.

In a statement it said:

"Due to recent US legislative changes and events, effective immediately, US members are no longer able to transfer funds to or from any online gambling sites.

All US members will continue to be able to use their NETELLER e-wallet account to safely transfer funds to and from non-gambling merchants and are not required to close their account or withdraw their funds."

Earlier, Citadel announced that it has shut down Financial processing for non-domestic internet gaming merchants for USA consumers.

Meanwhile, Gambling911 reports that with the announcement that NETeller will be leaving the US market for good, a number of online poker rooms have been left with their pants down.

Gambling911 says that over the past few years many online poker rooms and gambling sites in general have become increasingly dependent on third party payment processor, NETeller.

For Full Tilt Poker that dependency was somewhere around 75% according to records obtained by Gambling911.com. The number three online poker site was in danger of losing out to other poker venues less reliant on NETeller.

For the largest poker site, PokerStars, the dependency on NETeller was quite a bit less, hovering around 60%, though the site is double the size of Full Tilt. On Wednesday, PokerStars had 2 1/2 times the amount of real cash players than Full Tilt.

Source: Gambling911