Monday, March 26, 2007

Really bad news...

In two weeks Neteller will cease Canadian transfers to gambling sites.

For people who've never used it, Neteller basically works like an online bank account. I can move large amounts of money to and from my Neteller account to the poker sites in just a few clicks. It's also attached to my real bank account so I can cash out from Neteller or move money back online very quickly also.

This came as a very big surprise to me, I really don't know where the pressure on them came from to take this decision. Being Canadian I've so far been somewhat shielded from the effects of all the bullshit going on with the UIGEA in the States, and it hasn't really affected me in a major way other than the games probably getting a bit tougher. But even that effect hasn't been particulaly noticable, especially since I've been running so well and on the biggest winning streak of my life.

This is going to make cashing out more of a hassle. As a MTT player I play accross a lot of sites so I can play all the biggest tournaments and I'm now going to have to keep money on all of them since I can't just reload from my neteller account whenever I have to. I'll probably have to keep a lot more money online than I wanted to now which means I can't invest as much. Also this will make it harder for Canadians to get money online to play poker which can only be a bad thing for the poker economy in general. Anyways I think online poker will be very profitable in the coming years, but this is another step in the wrong direction in the big picture.


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