Neteller and YouTeller Online Gambling Payment Processor Update - 03-18-07
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March 18 - A newcomer to the market of online payment processors - YouTeller.com seems to have given into the pressure from NETeller's legal counsel. This all began when NETeller accused the company of an infringement on its trademark.
A disclaimer has been placed on YouTeller's site stating they have no affiliation with NETeller.
NETeller issued YouTeller a cease and desist order, ordering YouTeller to respond in writing.
The aim of YouTeller is to set itself apart from the major processors like NETeller. YouTeller intends to follow the Google Gmail concept of serving customers recommended by other members.
Spokesman, Florian Schweitzer for Seed Capital stated that their target groups are those who play community-orientated online games such as poker - those who are in need of instant and worldwide payment processing.
