YouTeller

[casinofever]

Hi Y'all, A new payment processor is going to open in March 2007 called youteller and is located in Britain and it looks like it's going to be an excellent payment processor.

Read the details here.

http://www.newswiretoday.com/news/13355/

Here is the link to the site, but they are'nt open for business yet.

http://www.youteller.com/index2.php


Have A Nice Day.
Sincerely, Casinofever

[kenonut]

I opened an account with them last night. It was pretty simple. They are allowing you to open accounts even though they won't be operational until March. Thought I would jump in there and get a head start just in case it turns out to be a major online payment processor for gambling sites. We really need more options for affiliate payments right now.

[casinofever]

I just signed up at YouTeller and my mother in law did also , yeah it is probably better to go ahead and register now and get a headstart before it gets more public and everyone starts joining at the same time.

Sincerely, Casinofever

[chalkoutline]

Excellent! A payment processor with a little distancing from the US financial community can only be a good thing.

[vinism]

As of now, YouTeller.com is planning on accepting U.S. customers and will process their internet gambling related transactions. Here's the e-mail thread:

Dear Mr. Narayanan,

yes, if our legal consultants are nor changing their advise...

Thank you for your inquiry.


Kind regards,

Peter Deveraux
YouTeller.com Service Team



----- Originalnachricht -----
Von: Vin Narayanan
Gesendet: Thu Feb 1 18:42:31 UTC+0100 2007
An: Office youteller.com
Betreff: U.S. customers


Hello,

Will you be accepting U.S. customers? And will they be able to transfer money to online gaming sites?

Thanks.

Vin Narayanan
Managing Editor
Casino City
vinism@yahoo.com
617.332.2850 x165

[GamblersHeaven]

This place at least looks very promising for now. I hope they keep this stance once they get going. I went ahead and opened an account, hoping to miss the rush.

[vinism]

E-gaming Review is reporting that YouTeller's U.K. certification claim is false and that the company listed as being registered with the FSA isn't even aware of YouTeller.

http://www.egrmagazine.com/item/1586 (subscription required)

[casinofever]

Hi Y'all, I went to this site
http://www.fsa.gov.uk/register/

and typed in youteller & you teller (in separate searches) and it says each time that they are registered. I did the search under the firm search tab.

If you type you teller & click to put a checkmark in the box by Currently authorised it says

Search conditions

FSA Firm Ref:
Firm name: you teller
Post code:
Match level: Best
Currently authorised: Yes

If you type youteller & click to put a checkmark in the box by Currently authorised it says



Search conditions

FSA Firm Ref:
Firm name: youteller
Post code:
Match level: Best
Currently authorised: Yes

P.S: Here is an interesting link to check out that has some threads posted about youteller & neteller.

http://www.iii.co.uk/investment/deta...on&action=list

Sincerely, Casinofever

[vinism]

Just received this press release from YouTeller:

New E-Wallet YouTeller.com Follows the Gmail Model Seed Capital Ltd. launches a community-based payment processor.

London, United Kingdom, 02/22/2007 - New customers will be able to register a YouTeller.com account only at a member's invitation. "Our servers could not handle the traffic if we open our doors for a public sign up. But it is our first priority to provide our customers with a stable service and a reliable support", says Florian Schweitzer, spokesman of the London-based technology company Seed Capital Ltd. and adds: "YouTeller.com follows the GMAIL model. It will be a community-based payment processor". Within March YouTeller.com will invite 1000 customers, who have already signed up during the preregistering period. Public account registration is "not planned within the next few months".

Schweitzer believes that their "150 Euro per account and transaction limit" will help them to be "not interesting for terrorists or other criminals". "Our target group are people who play community-orientated online games like poker, chess or role-playing games. People who need instant and worldwide payment processing." underlined Schweitzer.

The network-orientated registration process has a second advantage: The security system can track money laundering networks easily. Schweitzer emphasizes that they will cooperate with national and international institutions in cases of money laundering while they care about their customer's privacy. "We will not give anybody access to our customer's personal information except when a court or governmental regulators may require us to disclose information about them. In this case we will disclose only the information which is required", declared Schweitzer.

Earlier this month, shortly after the Isle of Man-based payment processor Neteller had announced its decision to pull out of the US gaming market, Seed Capital Ltd. introduced their new payment processing service 'YouTeller.com'.

[matted]

So they are going to charge a 150 Euro set fee? Did I read that right? What was the point of preregistering - very misleading. Not a good start, IMO! I haven't heard anything from casinos/aff programs looking forward to this launch - any idea why?

[GamblersHeaven]

I think the $150 may be the max amount that you can deposit? Not sure, but that is the way I took it.

[Webzcas]

Doesn't look like a fee. Looks like 150Euros Max, is the amount you can have in your YouTeller Account at any one time. If this is the case, then Youteller is certainly not the viable solution we have been looking for, to replace Neteller.

[Amateur]

[QUOTE=vinism]New E-Wallet YouTeller.com Follows the Gmail Model Seed Capital Ltd. launches a community-based payment processor.

London, United Kingdom, 02/22/2007 - ... Within March YouTeller.com will invite 1000 customers, who have already signed up during the preregistering period. ...
"150 Euro per account and transaction limit" ..
QUOTE]

150 Euro is the transaction limit, not the fee.

1000 of those who pre-registered.

[vinism]

Here's the fee schedule from the Youteller web site (http://www.youteller.com/fees.php):

Open Account free
Send Money free
Receive Money free
Deposit Funds
UK Bank Account - 1.00% plus $1.00
Credit Card - 3.50% plus $0.50
Withdraw Funds
UK Bank Account 1.00% plus $5.00
Credit Card 1.00% plus $5.00

As per the release, account sizes and transactions will be capped at 150 Euros.

[Ziggy]

I signed up weeks ago. It will be interesting to see how this pans out!

[vinism]

I'm trying to arrange an interview with a YouTeller spokesperson today. Are their any questions in particular you'd like me to ask?

Thanks.

Vin

[Ziggy]

On their site, one of the withdrawal options besides to a checking account is to deposit to a "credit card." Does this mean they provide a card and then fund it?

Thanks, Vin.

[mojo]

Rumors have been spreading like wildfire that some of the folks behind YouTeller (an upcoming third party payment processor) are actually current and/or executives from NETeller, which may not bode well for any merchant and customer still owed money by NETeller.

xxxhttp://www.gambling911.com/YouTeller-NETeller-HSBC-022507.html


Hi Vin,

Perhaps you could find out if there is any truth to this?

Thanks,
Mojo

[vinism]

Mojo, Ziggy,

Thanks for the questions. I'll definitely ask them both!!! The NETeller ones were definitely on my radar. And everyone is going to want to know about the credity card. I'll let you know as soon as I find out something.

Vin

[vinism]

OK. If everything goes well, the interview will take place Tuesday. I'll keep you posted.

Thanks,

Vin