[Mudcat]

I very seldom use InstaCASH but I just got this notice and I don't think I like it.



NETELLER is streamlining the way you deposit funds using instaCASH.
On March 15, 2006, we will be rolling out instaCASH deposit improvements to all NETELLER members. The goal is to speed up transfers to your favorite merchants, while reducing accidental service charges.

Changes to deposits with instaCASH include:
All instaCASH deposits initiated on a merchant site will be withdrawn from your NETELLER account first

If the full amount cannot be covered, the remaining funds will be withdrawn from your bank account (a $10-minimum withdrawal from bank account)

InstaCASH deposit example
While on a merchant website, you transfer $100 to your merchant account using instaCASH. You have $60 in your NETELLER account.

The $60 is transferred from your NETELLER account and the remaining $40 is transferred from your bank account.



Maybe I'm misunderstanding something but here's my objection:

The rare times I use InstaCASH it is because I have money in my chequing account that I would like to integrate into my betting bankroll - and so it's better to just use it for my next deposit where they have free InstaCASH, rather than wait the 4-5 days for an EFT transfer.

Any money already sitting in my Neteller account is fine. It's already right where I want it. Just leave it alone.

It's not a big hairy deal but I just don't like it. Am I missing an upside here?

[bigboydan]

i wonder how this will effect people that use that feature.

[mrmookie]

I use InstaCash to fund my account at Carib. I have a zero balance in my Neteller account, I Go to the carib site request a deposit using Instacash (minimun $27) for free transaction. Then whatever my deposit is the entire amount is taken out of my checking account without having a Neteller balance. Hope this doesn't effect this process.

[Bill Dozer]

I think the merchants have been asking for this. Players who want to get more money into circulation have been depositing into a site with free Instacash, betting 1x, and then putting it back in Neteller the next day. It cuts about a week or the 8.9% out of the equation. So lets say I want to deposit 1k in VIP and have $1500 in my account. I might go to VIP and Instacash it in because its on their coin. This is a good thing since it rewards books that eat our fee and maybe more will start if this helps cut costs. It should help bring in real players.

[pags11]

don't really like the change, but I don't usually use instacash (unless the book obviously pays for it)...I do see Bill's point though...

[isetcap]

Yeah, as much as I dislike Neteller, I can't fault them for taking this approach.

[Mudcat]

I still don't like it. I want everything to be about me.

[bigboydan]

how does everyone like this new rule that NT just put into effect yesterday ?