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Moderator - Webmeister Section
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YouTeller "false" claims
A new payments processor which says it will be open for business in March this year appears to be falsely claiming to be certified by the UK Financial Services Authority (FSA).
Just received this in my inbox from EGaming Review. Does anyone know anything more about this. I can't remember my login for EGaming Review to read the full article.
Just be careful folks concerning new payment processors.
Mousey (7th February 2007)
Experienced Member
Excuse me??? Can I know what's so false about their claim??? Do you even know what you're talking about???Originally Posted by Webzcas
Please note that YouTeller is a Trademark of Seed Capital Ltd. Do you know what that means? It means taht YouTeller is just a name, the real company is called Seed Capital Ltd.
They are totally under the FSA's approved list. Please do check it out yourself. Don't be accusing them of anything or being false when you don't even know what you're talking about. GEEZ... Although I don't work for them or even have any relations with them, I HATE IT when someone accuses another company/person for being FALSE or etc!
You win some, you lose some... nobody can win it all.
Senior Member
So are you certifying that Yuoteller is completely on the up and up and everything is in order?
Moderator - Webmeister Section
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Do not shoot the messenger. This was word for word from the email I received from E Gaming Review who are normally a reputable and reliable source.
If you read my comment at the end of the post you would have noticed I said:
I guess an apology is out of the questionJust received this in my inbox from EGaming Review. Does anyone know anything more about this. I can't remember my login for EGaming Review to read the full article.
Experienced Member
soflat, here's the full story from eGaming Review. It's been difficult to gather information on YouTeller and other new payment options for U.S. players, though NuCharge (Bodog), InstaPAY (Intertops) and MyWebATM (Full Tilt) do look like proprietary solutions. I wouldn't be surprised to see more of these.
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A new payments processor which says it will be open for business in March this year appears to be falsely claiming to be certified by the UK Financial Services Authority (FSA).
YouTeller claims on its website to be a trademark of a company called Seed Capital Ltd, and gives an address in east London. A link on the company’s contacts page then diverts to the FSA register of Small E-Money Issuers where a company called Seed Capital Ltd is indeed listed.
However, a search on the FSA website reveals the company behind Seed Capital Ltd to be Oxford Technology Management, a company based in Oxford. When contacted by eGaming Review, a spokesperson at Oxford Technology Management said the company had never heard of YouTeller.
YouTeller also gives a registration number for Companies House in the UK on its website. A search under the number given comes up with the same east London address as the YouTeller website. The only director registered is one Florian Schweitzer with an address given in Austria.
This Seed Capital Ltd was registered at Companies House in October 2006. The other Seed Capital Ltd, from Oxford, registered its name at Companies House in July of last year. Schweitzer is not registered personally with the FSA.
A spokesperson for the FSA said the matter had been passed on to the relevant department for investigation.
Neither YouTeller or Schweitzer was available for comment.
Cynthia777 (22nd February 2007), jetset (7th February 2007), jsp377 (6th February 2007), Mousey (7th February 2007), Webzcas (6th February 2007)
Moderator - Webmeister Section
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Thanks for posting the full article
Ueber Meister
Geez, aodat... I think it's you who need to do a little research before jumping on people... calm down bro...
Addisyn (10th February 2007), jetset (9th February 2007), judyb57 (10th February 2007), Neodata (7th February 2007), onemoorebaby (7th February 2007), pepermintpatty (6th February 2007), RobWin (7th February 2007), trips to win (6th February 2007), unicorn40 (6th February 2007), Webzcas (6th February 2007), winbig (6th February 2007)
Newbie member
I found this on youtube it is an ad for youteller put on their 2 months ago by a 24 yr. old from Austria
http://www.youtube.com/profile?user=youteller
"YouTeller also gives a registration number for Companies House in the UK on its website. A search under the number given comes up with the same east London address as the YouTeller website. The only director registered is one Florian Schweitzer with an address given in Austria"
Moderator
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....who has also come out of the woodwork and posted at WOL incidentally.
Newbie member
This is what he posted at WOL
Dear 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
schweitzer@youteller.com
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.do
yes, 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 Limited
Current 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
matthew@oxfordtechnology.com
Notices: Unable to hold client money.
Other information: Firm undertakes insurance mediation.
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