The seventy five day wait is over. The plan on how the seized Neteller funds are to be returned to customers has been announced. It looks like the money will be coming back via EFT and that the accounts are going to be temporarily reenabled for people to enter in their bank account information. Hallelujah!

Here is the announcement in full:

Monday, 4 June 2007 – The NETELLER Plc Group (LSE: NLR), the
independent global online payments business, today announced that it
has agreed to a plan for the distribution of funds to its US
customers.

NETELLER is continuing to cooperate with the investigation being
conducted by the United States Attorney’s Office for the Southern
District of New York (“USAO”), under the advice of its legal advisers
and in accordance with court orders in the Isle of Man. The Company
is in discussions with the USAO for the purpose of resolving the
investigation. The Company has advised the USAO that it will use its
best efforts to resolve the investigation no later than 13 July 2007.

On 21 March 2007, the Company announced that it signed agreements
with the USAO and Navigant Consulting, Inc. (“Navigant”) with respect
to, among other things, developing a plan for the distribution of
funds to US customers. Since then, in accordance with the agreements,
the Company has worked with the USAO and Navigant to develop the
plan. The Distribution Plan is now agreed upon, and the Company
anticipates implementing the plan upon the resolution of the
investigation.

The agreed Distribution Plan details the process and mechanisms for
the return of funds to US customers. US customers will be able to
access their NETELLER accounts online for a certain time and make a
request for their funds. In accordance with NETELLER’s Terms of Use,
no interest on account balances will be paid. NETELLER will not
charge fees to customers to process requests for funds. Funds will be
distributed either by electronic transfer to the bank account on
record with NETELLER or by a cheque to be sent to a mailing address
as confirmed by the customer. If a US customer has a bank account
already registered with NETELLER, funds transfer will be by
electronic transfer subject to confirmation by the customer that the
registered bank account remains valid. US customers will receive the
entire balance of funds in their account; no requests for partial
payments will be processed. US customers cannot use their accounts
for any transaction other than to request the funds.

Further information will be communicated to NETELLER’s US customers
via email, through our website and through a press release once the
date for implementation of the Distribution Plan is finalised.

Ron Martin, Group President and CEO said: “The agreement on the
Distribution Plan represents a milestone in our cooperation with the
US authorities. While we are disappointed not to have been able to
return funds to our US customers at this point, we believe that the
steps we have made in our discussions are significant and we hope to
be able to announce further progress with the USAO by 13 July 2007.”

The Company continues to work with Navigant to produce a report to
the USAO on the Company’s current financial condition. On 8 February
2007, the Company informed the market that approximately million had
been seized by the USAO or otherwise restricted by third parties.
After ongoing consultation with the USAO, the Company currently
believes this amount could be up to approximately million.

The Company’s shares continue to be suspended from trading on AIM in
view of the continuing uncertainties the Company faces although the
Company is making progress towards achieving restoration of trading.
The Company is also working towards the finalisation of its audited
annual results for the year ended 31 December 2006 and will announce
the date on which these will be published to the market in due
course. NETELLER customers not resident in the US continue to be
minimally affected by the withdrawal from the US market.