A new payment processor is set to launch to fill the void in the US left by Neteller's recent withdrawal from accepting gambling transactions. YouTeller is set to offer an e-wallet solution worldwide for customers to pay for anything from online gaming to downloading music.

Neteller pulled out of the US market in January, after it's founders were arrested while changing planes at US airports, leaving many online gamblers with little choice as to how to fund their gaming accounts. Other e-wallet solutions such as Click2Pay still accept US customers but don't offer the high level of service, support, ease of use and high transfer limits that Neteller provided.

YouTeller is to be launched by London based Seed Capital Ltd claiming to offer 'a revolution in simplicity of worldwide online payments.' YouTeller has been granted the "Small E-Money Issuer Certificate" by the British Financial Services Authority (FSA) meaning they can operate as an e-wallet provider. Since YouTeller don't have offices in NAFTA country they are not affected by US legislation, unlike Neteller and Citadel.

YouTeller is set to launch in March 2007 and we'll bring you news of online casinos accepting YouTeller as soon as we can.

For more information visit www.youteller.com