New Neteller? - 31 Jan 2007

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.

https://www.youteller.com/members/signup.php

hi so will us us members be able to use this ty josie46

i dont know i borrowed this post.... i have no clue

this sounds like good news db i hope so!!!

i am not worried, i think neteller will be back also...... i am confused though, i have money in my neteller, they say you can't use the neteller card now however i can transfer monry to the card..who knows....also here is some advice, if you try your neteller card in an atm, do not use a atm that takes the card inside it, use a machine that you just swipe it cause if it says account is closed the atm will keep and eat your card....

All in all, it sounds like good news to me!

Sounds like the tide may be turning! If so, that's what the U.S. gov't gets for getting too big for their already oversized britches!!!!

(The above is my personal opinion only and based on no facts.)

royalblush

They are going to have a very hard time enforcing this unless they get rotten and start making it illegal to actually gamble. Right now they are just going after the funders.

I was shocked to find out it is now a felony to play poker online in two states! That is going waaaaaaaaaaaaay too far!

Let's hope this YouTeller.com will be the answer to our problems

900 Pay and eWalleteXpress are still working but can't find many casinos or bingo/poker players that accept 900 pay. Too bad to because it is easy and you don't have to use credit cards or anything for it.

PrePaid ATM I think is going to shut down but I won't swear by it. Their site is down at the moment.

Well, I for one, will certainly remember who was the quickest to dessert us and who hung on as long as they dared!

royalblush

right back at you royal ty josie46