A recent development in the payment sector of the online casino gaming industry has been the formation of YouTeller. Not just a play on words, YouTeller is already being deemed the gaming industry's response to the void left by Neteller and other casino deposit methods. But just as quick as they showed up on the scene, it seemed that YouTeller would disappear forever, following false reports they had lied about their certifications with the UK Financial Services Authority (FSA).

The talk about YouTeller started approximately two weeks ago, whilst the company's management team was in the process of acquiring the necessary certifications and credentials to do business on the Web. Shortly thereafter, a report was circulated that YouTeller had given false claims regarding their certification with the FSA. Just when it seemed the rug was being pulled out from under everyone, the gaming industry gave a collective sigh of relief when the FSA spoke out clearing the confusion and confirming that YouTeller had indeed been issued a small eMoney Certificate.

The source of the confusion was that YouTeller is a registered trademark of a company called Seed Capital Limited. There is, however, another company of the same namesake that is also listed with the FSA. When that company's point of contact, Oxford Technology Management, was confirmed to not be in possession of an eMoney Certificate issued by the FSA, YouTeller was then accused of making falsified claims. Fortunately, the matter has now been resolved.

Not just an illegitimate startup company, YouTeller has announced they are currently going through the appropriate non-U.S. governmental channels to be able to enter the U.S. online gambling industry. YouTeller Director, Florian Schweitzer has conceded they have not yet told the FSA they plan to do business with U.S. online casino gamers. However, upon further legal counsel, YouTeller will be taking the appropriate steps to further their campaign to fill the void left by Neteller.