At the moment, I would strongly advise against signing up with YouTeller or placing too much hope on their viability.
As egamingReview pointed out, there are two companies named Seed Capital Ltd – and the one running YouTeller is not the same one as the one registered with the FSA. The Florian Schweitzer mentioned as a director is not registered with the FSA either – and that name has come across my radar before so I am perhaps a bit more wary.
The YouTube video was posted in November by someone named “YouTeller” from Austria. It shows how to open an account with YouTeller – very strange indeed, I cannot see a PLC using such a tactic at all, let alone a couple of months in advance of the press release. Plus the timing and wording of that press release was simply too good to be true – Neteller have retained a large PR firm that could never have issued such a release.
Though I wish Neteller had also retained their PR firm for crisis communications – clearly this is not the case.