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Private payment processors
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12-04-2006, 07:30 AM
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#1 |
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Banned
Join Date: Mar 2005
Location: Southeast Asia
Posts: 995
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Private payment processors
I have a question that I'd like to throw out to you, folks.
When a site sets up its own payment processor, is that a good or a bad thing for investors? Opinions--pro or con--will be very much appreciated. |
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12-04-2006, 01:29 PM
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#2 |
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GIG
Join Date: Aug 2005
Posts: 1,153
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Pro - money is most of the time on their end. With that, the payment processor tend to have a cut whist processing withdrawals or even funding. A revenue for them which in turn prolongs the life of the program.
Con - you're at risk when you're using their payment processor, if in any case it folds (with the likes of scampay, emo), your money is gone. |
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12-04-2006, 10:16 PM
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#3 |
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Senior Investor
Join Date: Feb 2006
Location: Australia
Posts: 2,348
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I am absolutely not interested in a payment processor attached to a surf site. Reasons being as noBS has said, plus I actually do not want the sites themselves to have my bank details etc. I just don't trust them. *any* of them. I like being able to keep a bit of distance between my personal details and e-gold, even though I have to go through an exchanger... even that doesnt have my bank details, so my other personal funds are never at risk...only what I put in.
If it gets to the point where sites using their own processor *insist* that you use it, I will be bailing out.
__________________
I think I'm over it: There are no free lunches. |
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