New Payment Processor 'YouTeller' Touted As Neteller Replacement For Online Gambling
30 January 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.
19 April 2007YouTeller Launch Postponed After Legal Problems With Neteller
NewswireToday London, United Kingdom, 04/19/2007 London-based technology company not interested in NETeller takeover. After facing legal problems with NETeller Plc. Seed Capital Ltd. decided to delay the launch of their new payment processor YouTeller.com. “It is in everyone’s interest that YouTeller will not be confused with NETeller,” said Seed Capital spokesman Florian Schweitzer.Read full article
31 July 2007USA Warned to Resolve case with WTO
Will the US listen? They are being warned!!A leading trade policy expert has called on the US to quickly resolve its trade agreement violation case with the World Trade Organisation (WTO) as any delay could damage the WTO’s credibility and force the US to pay billions in compensation.The WTO ruled in March that the US unfairly prohibits foreign Internet gambling operators from accessing their market while, at the same time, allowing domestic companies to legally accept online bets.Read full article
30 May 2008Investigation of U.S. Trade Violation on Internet Gambling is Accelerated by the European Commission
This is good news and what we have been waiting to hear!! It is time for the U.S. to stop discriminating and do what is fair according to the World Trade Agreement.This is a Press Release:U.S. vulnerable in ongoing global trade disputeWASHINGTON, May 30 /PRNewswire-USNewswire/ — As part of an ongoing major trade dispute over Internet gambling that has the United States in an increasingly difficult position to justify, the European Commission has now launched a formal investigation over U.S.Read full article