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YouTeller Denies NETeller Takeover Rumors

20th April

In response to rumors that his company's YouTeller platform is contemplating the takeover of NETeller.com, Seed Capital spokesman Florian Schweitzer purportedly stated on Thursday;

"We are not interested in a traditional online payment system. We have developed a service that is tailor-made to the current challenges",

Currently the mysterious YouTeller is supposedly embroiled in a legal quagmire with NETeller over its name. Seed Capital Ltd. meanwhile has decided to delay the launch of their new payment processor YouTeller.com.

"It is in everyone's interest that YouTeller will not be confused with NETeller," said Schweitzer. "If Seed Capital will not be able to make the legal situation clear the company will introduce an all-new online payment system next summer."

Many industry observers have been weary of YouTeller's lack of communication in recent months, not to mention its flip flopping approach.

A script on the youteller.com website simply states;
Please Note: Seed Capital Ltd. is not affiliated with, related to, or endorsed by NETeller Plc.