[gonzo]

Originally posted by *KK*@May 22 2003, 11:44 PM
HellPuppy, you are dead on right, gonzo and I have had some ongoing phone conversations about the whole situation...

There are two sides to EVERY payment method out there -- issuing and acquiring -- makes no difference if we are talking cash or magic beans or virtual first born children... you have to have end users who want to pay with the method and you have to have merchants willing to take it.

Paypal's problem is and was very simple. Their fraud control would make most of your hairs stand on end, once you got thru laughing. While I realize why they do it the way they do, adult is an animal that does not work in their setup, I can only begin to imagine what their csr's went through dealing with it.

They do some things exceptionally well and they've decided to focus on those profitable things, and expand on them. With 27 million registered users, they should be able to do alot more, but I can't blame them for focusing on what makes them money and dropping what does not...

One thing is for sure -- Im interested to see what ePassporte is going to be when it grows up. Im kinda on Wig's side of thinking that people will find a way to pay if you offer them alternatives.

Im going to test that theory out with a cheap content site and see just how many webmasters will go the extra step get bother with getting that card in order to buy the cheap stuff. My guess is that it will create a landslide of email asking me why I dont take pay pal or use a regular credit card processor.

I hope Kimmy and that crew over there finds a way to give webmasters incentives to do more than use them on a p2p/b2b basis. I still think...as biased as it is that there is a huge opening for a prepaid card for the industry. Fuck having a MC or a Visa logo on it.

I dont know if there is a way you can "ride the processing rails" without putting those logos on the cards... I do know that there is a way around that too. Matter of fact I think Hell Puppy has that half of the deck.