YouTeller Distances Itself From NETeller
By Miriam H, a newcomer to the payment processing market, appears to have submitted to pressure by NETeller's legal counsel after it accused the brand of infringing on its registered trademark.

YouTeller's London-based parent group has recently posted the following disclaimer on its site: 'Seed Capital Ltd is not affiliated with, related to or endorsed by NETeller Plc.'

YouTeller was issued a cease and desist order from NETeller's corporate counsel on February 28, 2007 and ordered to put a response in writing to the company by March 5.

YouTeller is aiming to set itself apart from major players such as NETeller, whose co-founders are due at a court hearing on charges relating to money laundering, by marketing itself as a community-based payment processor. The move would be following the Google Gmail model of only serving customers that are recommended by other members and offering a €150 per account and transaction limit.

Florian Schweitzer, a spokesman for Seed Capital commented, “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.”

Online Casino provides online gamblers with information on online casino gambling, sports betting tips, wining casino tips, internet casino reviews, sports odds, matchups, results, editorial and much, much more… We also have an industry insider’s section including Internet gaming press releases, a calendar of events and gaming industry news.
Bluff Europe: Europe's leading Poker Magazine brings you the latest Poker News, Player Interviews and all the best Online Poker offers Poker in the Park: Europe's largest Poker Festival.