New NETeller Replacement - YouTeller?

[martindcx1e]

EDIT: Just checked out their fees. Credit Card Deposit is 3.5%, and they charge to withdraw...I no like.

Everyone check out http://www.youteller.com/index2.php


Found this on P5's...

E-Wallets – 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.

[Phantaroth]

i dont want to get my hopes up, but this sounds like real exciting news.

[IowaSkinsFan]

Yeah this does sound exciting.

[Phantaroth]

Forgot to mention about the fees...For me personally, just a healthy worldide industry still existing is way more important to me than fees, we can deal with fees.

[martindcx1e]

Forgot to mention about the fees...For me personally, just a healthy worldide industry still existing is way more important to me than fees, we can deal with fees.

yes that's true. i'm just so used to free everything with neteller that it's gonna take a while to accept these evil fees.

[Phantaroth]

If it becomes evident that the new legislation does nothing and the US is still heavily involved in the market, does anyone think it is likely that at some point they will try and go after the players?

[martindcx1e]

If it becomes evident that the new legislation does nothing and the US is still heavily involved in the market, does anyone think it is likely that at some point they will try and go after the players?

that would prob be good for them cuz i know of ppl who already think the recent legislation makes it illegal to play online. just imagine if it really became illegal. no one would touch it. i don't really understand how they would regulate such a law though. anyone know?

[bigred]

If it becomes evident that the new legislation does nothing and the US is still heavily involved in the market, does anyone think it is likely that at some point they will try and go after the players?

Too many people. Why can't they just drop this idiotic quest.

[euphoricism]

I thought neteller had fees, just all the major sites agreed to pay them for you?

[Phantaroth]

If it becomes evident that the new legislation does nothing and the US is still heavily involved in the market, does anyone think it is likely that at some point they will try and go after the players?

Too many people. Why can't they just drop this idiotic quest.

Since when does the government care if legislation is practical before they pass it? They only pass things to bolster their record to appeal to voters who are dumb as fuck. I don't know how anyone can look at past and present gov. programs and believe they WON'T try and go after gamblers who they precieve to be breaking the law. War on drugs anyone?

[boost]

I thought neteller had fees, just all the major sites agreed to pay them for you?

yah I think neteller was essentailly giving us a hidden form of rakeback.

[martindcx1e]

I thought neteller had fees, just all the major sites agreed to pay them for you?

free EFT. the sites paid for instacash.