Is YouTeller the Next Online Gambling Payment Processor - 02-11-07

Talk of YouTeller started about two weeks ago, whilst the company's management team was in the process of obtaining the required certifications and credentials in order to do business online. Soon after, a report was circulated that YouTeller had given bogus claims regarding their certification with the FSA. In a sigh of relief for all involved in the online gaming industry the FSA soon cleared the confusion and confirmed that YouTeller had been issued an eMoney Certificate.

The cause of the confusion was that YouTeller is a registered trademark of a company called Seed Capital Limited. However there is another company of the same name which is also listed with the FSA. It was confirmed that company was not in possession of an eMoney Certificate issued by the FSA and YouTeller was then accused of false claims. The matter has now fortunately been resolved.

YouTeller has stated that they are in the process of going through the necessary non-U.S. legislative channels so that they are able to penetrate the U.S. online gambling industry. The director of YouTeller - Florian Schweitzer has agreed that they have not told the FSA they plan to do business with U.S. online casino gamblers. YouTeller will be taking the necessary steps to further their campaign to fill the Neteller void.