Youteller opens for business

[xpanda]

Youteller has launched its alternative payments solution, with new customers able to register only at a member’s invitation. Spokesperson Florian Schweitzer said: “Our servers could not handle the traffic if we open our doors for a public sign up. Youteller follows the Gmail model. It will be a community-based payment processor.” Schweitzer also said the “€150 per account and transaction limit” would not make Youteller accounts “interesting for terrorists or other criminals”.

http://www.egrmagazine.com/item/1616

 

[Tchocky]

I'm still skeptical. I know of no offshore books that are currently using these guys.

 

[Woody0]

Schweitzer also said the “€150 per account and transaction limit” would not make Youteller accounts “interesting for terrorists or other criminals”.http://www.egrmagazine.com/item/1616

Still trying to decide whether I'm a terrorist or just another criminal.

 

[Hal01]

“€150 per account and transaction limit”

Pretty much useless.

 

[propplayer]

Still trying to decide whether I'm a terrorist or just another criminal.

If you have ever smoked pot the first would be the most likely, if you only gamble an have never smoked pot then you probably just the later.

 

[Anti-liberal]

Youteller has launched its alternative payments solution, with new customers able to register only at a member’s invitation. Spokesperson Florian Schweitzer said: “Our servers could not handle the traffic if we open our doors for a public sign up."

I guess they couldn't get more powerful servers anywhere. "reister only at a member's invitation"...sounds just like the Villalobos Brothers scam in Costa Rica.

 

[bmconsultants]

http://www.egrmagazine.com/item/1616

"Access Denied - Not Registered

The page you are trying to access is part of a restricted area of the site. To gain access you need to login."

Now I hate their site. When will sites learn not to make readers register to read one lousy goddam article.

Idiots.

 

[mvbski]

When will sites learn not to make readers register to read one lousy goddam article.

When people stop paying for spam lists these sites will stop this practice IMO

:smoking:

 

[al_corona]

if u knew anything abuot the brothers u would know they had been paying out for 15 years or so before they got pinched.

 

[bmconsultants]

Youteller has launched its alternative payments solution, with new customers able to register only at a member’s invitation. Spokesperson Florian Schweitzer said: “Our servers could not handle the traffic if we open our doors for a public sign up. Youteller follows the Gmail model. It will be a community-based payment processor.” Schweitzer also said the “€150 per account and transaction limit” would not make Youteller accounts “interesting for terrorists or other criminals”.

http://www.egrmagazine.com/item/1616

BTW, I think this idea of only giving accounts to people that someone will vouch for is not a bad one.

I wondered about them, after the brouha earlier in thte month but it appears they do have a Small E-Money Issuer Certificate from the UK's Financail Services Authority:

YOUTELLER IS LEGIT SAYS BRIT F.S.A.

9 February 2007
Initial confusion over new e-wallet company
http://www.casinomeister.com/news/february2007/online_casino_news2/YOUTELLER_IS_LEGIT.php

In the turmoil caused by Neteller's enforced exit from the US market (see previous InfoPowa reports) U.S. players have seen new alternative e-wallet names popping up amid advisories to be cautious regarding deposits. In past weeks brands like NuCharge (Bodog), InstaPAY (Intertops) and MyWebATM (Full Tilt) have all come to the fore and are being evaluated by many players determined to continue with online gambling.

One name due for launch in March this year that caused some confusion because of mistaken associations with an unrelated company this week was Youteller.com, a subsidiary of London-based Seed Capital Ltd, which is regulated by the UK’s Financial Services Authority (FSA)

Following initial confusion with an insurance mediation company and some pretty wild online speculation, an FSA spokesman moved this week to clear up the confusion regarding an allegedly false claim to FSA certification by the new payments processor.

The spokesperson confirmed that the FSA has granted a 'small e-money certificate' to YouTeller, the registered trademark of Seed Capital Limited. He went on to explain that the confusion arose because there is another Seed Capital Ltd to be found on the FSA register with the same name. The contact for this company is Oxford Technology Management, a firm which undertakes insurance mediation.

The spokesperson concluded that they had “no reason to suppose that any false FSA claim has been made in the case of this small e-money issuer called Seed Capital Limited.”

The 'small e-money certificate' is a low ranking FSA category that maxes out around Euro 10 million - small e-money issuers can only undertake rather limited activities. It appears the FSA small e-money issuer certificate is merely a confirmation that the e-money issuer is not subject to full FSA regulation, but this has not been clarified by the FSA..

 

[AdamSelene]

if u knew anything abuot the brothers u would know they had been paying out for 15 years or so before they got pinched.

If you knew anything about the brothers, you'd know it was still a ponzi scheme.

 

[al_corona]

k buddy i could be wrong

 

[tennis28]

Is this a joke? 150euro max. Why are we even discussing it as some sort of replacement for neteller. If there is an opportunity for them to gain a greater license to accept larger transactions once it's established that is one thing, but if it's going to stay at this level no sites will even accept it.

 

[clarkd32]

what tennis said.

150 max???? lol.