Jack Question About Youteller

[psycho]

I SEE ON YOUR NEWS SECTION YOU HAVE A PRESS RELEASE ON YOUTELLER
http://www.cappersmall.com/sportscen...-neteller.html

IS THIS LEGIT?

[The Judge]

Neteller to be Replaced by YouTeller
NewswireToday - /newswire/ - London, United Kingdom, 01/30/2007
Shortly after Neteller announced its decision to pull out of the US gaming market on January 18, the London-based technology company Seed Capital Ltd. introduced a new payment processing service 'YouTeller.com'.

"We will start in March with a revolution in simplicity of worldwide online payments. Everybody who can download songs or play online games will now be able to pay for that instantly," said Johannes Knierzinger, CEO and co-founder.

On Monday the British Financial Services Authority (FSA) granted YouTeller the "Small E-Money Issuer Certificate", therefore making it possible to operate as an e-wallet. "The FSA has already given us the green light. We will begin services after the server-security testing period is completed," said Florian Schweitzer, company spokesman and co-founder. It took three month to develop the new online payment framework.

"We have no overseas branch in a NAFTA-country like Neteller or Citadel, so we are not affected by US legislation," underlined Schweitzer. YouTeller is part of an international lobbying task force that works on the issue 'worldwide online payments' with the World Trade Organisation (WTO) and the European Union.

The WTO has again ruled against the United States in favor of Antigua and Barbuda, this time for not taking "the necessary steps to comply" with the April 2005 WTO ruling to correct discrimination against foreign internet gambling operators, Reuters reported late last week.

Earlier this month, federal officials arrested the founders of Neteller, an Isle of Man-based online payment processor, while they were in the US to switch planes. John Lefebvre and Stephen Lawrence are set to fight the charges laid against them when they appear in court in February.

[Brother Love]

yah baby!!!
i said somebody was gonna step up to take netellers place ya know i am not making any transactions w/ my books except for transfers cuz rite now they are raping us with fees cuz ya want it now, but if you just leave your money where it is and wait you gonna see those charges drop and other options surface.

[hammink]

So... any REAL information on this? Other than a press release put out by the company? I've been looking around on other boards/blogs and no one seems to know much about Youteller - other than that they are legitimately regulated in London, which is a good thing. Got anything, Jack?

[The Judge]

YouTeller.com

Their website is still under construction but the press state:

"We start our service in March 2007!"

YouTeller.com c/o
Seed Capital Ltd.
Omega 4 Suite 116
6 Roach Road
London E3 2PA
United Kingdom

Registered in England & Wales - No. 05961235

Mail us:
office@youteller.com

Call us:
+44 (0)20 7100 7772

YouTeller is a Trademark of Seed Capital Ltd. We operate as a Small E-Money Issuer certified by the British Financial Services Authority (FSA).

[jaypasco]

gregg what ur take on this ?

[The Judge]

Originally Posted by jaypasco

gregg what ur take on this ?

Come March 7th, I guesss we'll find out. I am not surprised that someone is stepping up to fill the gap that NeTeller left. There is so much money involved that I would imagine there will be several more of these types of e-wallet business pop up in the coming weeks.

[The Judge]

I am hearing this morning that YouTeller is actually a spinoff of NeTeller. No way those guys were going to give up all of their stake in this.

[hammink]

Interesting... is that from a reliable source or the usual internet rumor faire? Either way, thanks for the update and keep em coming!

[jaypasco]

even a place where i could just store money and move between books would be great

[The Judge]

Originally Posted by jaypasco

even a place where i could just store money and move between books would be great

Believe me buddy, I'm feeling what you're saying.

[jaypasco]

we never knew what we had gregg tell we lost it

[verdict]

lets hope