Onpoint investment Problems With Neteller

February 16, 2007 - 11:40am | Author: fairyjadoo | News

Onpointinvestment which offers return derives from sport betting is facing a problem with one of their payment ptocessor which is Neteller.

Currently, the funds are stuck in Neteller and the payment will be delayed while the admin is trying to solve the problem. The full update regarding this matter as below:

“Hello Investors,

We are actually trying to limit the amount of visitors at this time. We are currently having issues with Neteller which has a majority of the investors funds stuck.

Neteller owners were detained and forced to opt out of the US market due to the new gambling laws. Although we could use offshore addresses, the Neteller account we created was from a US based address. We are not sure if Neteller or the Government are holding up US based funds but all we know is that it is being held. Neteller assured it's safety while being held but it puts our program in a bind. All this can be verified by Neteller.com and its updates.

We are currently paying members out 0.50% on weekdays using our allocated backup fund until we either get our money or take more drastic measures.

When I say drastic measures...I pertain to our idea of taking out a loan to cover investors and investing with that to continue normal operations. Im currently dealing with some banks to get the lowest rate possible. (Im sure glad I have good credit or this wouldnt even be an option.)

I expect a word within a week or so.”