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Youteller Launcing - Will It Replace Neteller
Youteller , a much discussed replacement to Neteller , is set to launch on March 1st .
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'.
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Gambling News :
Tain Fast Bet -
Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.
Olympic Entertainment Group Mobile Gaming -
In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.
Circus Evolution HD Slot -
Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.
17 Crown people still detained -
Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on
SB1400 Virginia Poker Skill Game Bill -
Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.
Pennsylvania Video Gaming Association -
With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.
Stiffer Problem Gambling Penalties in UK -
The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.
Spartan Poker vs SpartanPoker name War -
Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.
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