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Damn this doesnt look good
Another mention of Mr Schweitzer here
http://forum.icann.org/newtldagmts/3BE681CB000014EF.htmlIf the parent company is registered they can have smaller secondary companies and fill out DOA forms .But they should really registered the company they want to be Known as ,it may just be they used the secondary company papers to get the ball rolling and will refile under uteller at a later date.Dont panic yet .They also may be inflating things in hopes to get rich from all the people jumping the neteller ship.
just a thought maybe this is the Greenzap fellow. I would be cautious signing onto any new ewallet.
greek39
If it’s not a scam, than it’s a poorly assembled team of dick brains.
1. It’s not a solution to current problems because they only accept deposits and withdrawals to UK Bank Accounts. An ewallet that only does business in the UK?
2. 1% plus $1.00 to deposit and 1% + $5 to withdrawal your money! – I don’t think so.
3. Neteller will go after them for trading on their good name. Expect a domain transfer very soon.I don’t think that NetTeller can (TM) a word like “Teller” – that’s fairly synonomous with banking … but hey stranger things are decided in courts of law …
:devil:But I agree that this one looks fairly poorly planned and I’d recommend caution before anyone started pumping players into any new start-up.
As I’ve mentioned in a previous thread, I’m also FSA approved. I know just how much time, effort and money it takes to get approved and it’s a BIG issue whether they’ve got the approval or not. If they’ve got the approval, I’ll trust them without question. If not, I’ll pass.
There’s a good chance that it’s simply a “brand name” and the parent company are the one’s who are certified. A poster at meister suggests the company that owns the trademark is called “Seed Capital Ltd” who are on the FSA’s approval list.
To me, and it’s purely a guess, this whole thing looks to be a privatised offshoot of Neteller being hurried through to counter the current stalemate on US frozen accounts and for future business. Just a hunch mind, but if it’s right, it means US people will probably get to receive their frozen balances and there will be an opportunity for a new payment processor, albeit with new rules and dimensions I’d guess.
After all, it would be highly surprising if Neteller just sat back and did nothing in the face of this major hit on their business. Similarly it would be highly surprising if they wandered around broadcasting their strategy to all and sundry.
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.
~From my forum:
Someone named Youteller posted this at:
http://mb.winneronline.com/showthread.html?t=27657
Re: YouTeller “false” claims
________________________________________
http://www.pokerlistings.com/youtel…inning-businessDear Madam, dear Sir,
Seed Capital Ltd. is the owner of a ‘Small E-Money Issuer Certificate’. The Oxford based ‘Seed Capital (Publishing) Ltd.’ may have an other authorization granted by the British Financial Services Authority, but the company that is listed as a Small E-Money Issuer on the FSA website is definitely our company based in London.
http://www.fsa.gov.uk/register/eMoney.do
http://www.companieshouse.gov.uk/WebCHeck/fastrack/If you have questions please don’t hesitate the contact us.
Sincerely,
Florian Schweitzer
[email protected]YouTeller.com c/o
Seed Capital Ltd.
Omega 4 Suite 116
6 Roach Road
London E3 2PA
United Kingdom
…………………………….
when you click on the link he provided:
http://www.fsa.gov.uk/register/eMoney.doyes, you can see Seed Capital Ltd. on the list. But, and its a Big But, if you then click on searches at the upper left corner of the page it will bring you to
http://www.fsa.gov.uk/register/firmSearchForm.do
put “Seed Capital Ltd.” In the “firm name” slot and you get Oxford Technology Management Limited not Youteller or anything else. If the FSA’s site is mistaken then they need to correct it.Below is what you get when you do an FSA search for “Seed Capital Ltd.”:
Basic details for:
121929 – Oxford Technology Management LimitedCurrent status:
Authorised
Effective Date: 01/12/2001
Address: Magdalen Centre
Oxford Science Park
Oxford
Oxfordshire
OX4 4GA
Phone:
Fax:
Email:
Website: 44 01865 784 466
44 01865 784 430
[email protected]
Notices: Unable to hold client money.
Other information: Firm undertakes insurance mediation.With thanks to Patrice/respira.
I think is not possible today to set up a payment processor like neteller for USA. A few small solutions(at the casino group level) – yes, but a big one – not.
It may be a scam, but I don’t believe it is. If it was a scam I would think they would be asking for banking information or some type of information that would allow them to scam you. All you give them when signing up is an email and I think they would try to get more than that if it was a scam. I could be wrong though.
Ok – so they’ve received the all clear from the FSA.
Quote:From eGaming Review (http://www.egrmagazine.com/item/1588):YouTeller NEWS
The UK’s Financial Services Authority (FSA) has moved to clear up the confusion regarding the apparently false claims to certification by new payments processor YouTeller.
An FSA spokesperson has confirmed that it has granted a small e-money certificate to YouTeller, the registered trademark of Seed Capital Limited.
The spokesperson 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 contact for the FSA certification at YouTeller is Johannes Knierzinger, a co-founder of YouTeller, though his name does not appear as a director in the Companies House registration.
Florian Schweitzer is the only director named. He has confirmed the confusion over the names at the FSA. He said: “It was not our intention to confuse people.”
Schweitzer confirmed that his company intends to enter the US gambling transaction market, but added that he had not told the FSA this information.
“We didn’t say that to anyone,” he added. “We have the ability to do that, but we have to wait until we receive the advice of our legal advisors.”
But still – there are some very odd points.
Quote:Schweitzer confirmed that his company intends to enter the US gambling transaction market, but added that he had not told the FSA this information.“We didn’t say that to anyone,” he added. “We have the ability to do that, but we have to wait until we receive the advice of our legal advisors.”
And yet their press release said something about “In the wake of Neteller…”
Also, a small money issuer can issue up to 10 million pounds (or Euros, I can’t remember which) – probably a pittance compared with what Neteller has been dealing with – and certainly not remotely big enough to serve the US market, or probably even the UK market, let alone the rest of the world.
And then there’s that silly YouTube video… real professional marketing, that.
At the very least, I *highly* doubt that it is even remotely related to Neteller or its execs or employees. In any case there are more than enough red flags in my mind to maintain a “wait-and-see” attitude.
Hey Spear how about we set up
TilaPay.com
The casinos send Tila Tequila the money in cash and she (or one of the Tila Girls) hand carry you your funds. I know I would gladly welcome such a service. :chearlead
Professor wrote:Hey Spear how about we set upTilaPay.com
The casinos send Tila Tequila the money in cash and she (or one of the Tila Girls) hand carry you your funds. I know I would gladly welcome such a service. :chearlead
LOL. The delivery service could prove to be quite costly… then again Tila’s got at least 10 Tila Girls in the US, and 20 in the UK…
BTW, where’s your picture with Tila?
http://www.theregister.co.uk/2007/01/31/gaming_collective/
See the pictures on pages 1 and 3… that should’ve been YOU!
