[MLB-WIRELESS] Full, secure payment handling for TIB?

[dean]

Evil, I have to disagree with you there. The fees Paypal are charging are
extremely appropriate for the services they provide in comparison to other
commercial financial institutions and for the benefit/accountability it
brings to the transaction a good avenue to follow up.

With regards to Paypal being sued - don't sweat it they are the largest/most
stable organization of its kind that is out there at the moment.

Fenn, the incorporated board members should follow up commercial solutions
with local Australian banks before making a decision but I think they will
end up coming back to Paypal.


Cheers,

Dean


 -----Original Message-----
From: 	owner-melbwireless at wireless.org.au
[mailto:owner-melbwireless at wireless.org.au]  On Behalf Of evilbunny
Sent:	Wednesday, 8 May 2002 1:15 PM
To:	fenn_b at smktech.com.au
Cc:	''Melbwireless ' (E-mail)
Subject:	Re: [MLB-WIRELESS] Full, secure payment handling for TIB?

Hello fenn,

Do a search on people that have had nightmares using paypal, they
aren't a bank and don't fall under the same regulations, paypal is
currently being sued by quite a lot of people... also for personal
accounts I believe they removed CC payments as they were suffering too
much fraud, not to mention they charge arm+leg for biz accounts...

/2cents

--
Best regards,
 evilbunny                            mailto:evilbunny at sydneywireless.com

http://www.SydneyWireless.com - Exercise your communications
freedom to make it do what you never thought possible...

Wednesday, May 8, 2002, 12:47:04 PM, you wrote:

fsca> Hi All,

fsca> I have been investigation some options for an automated payment system
fsca> for TIB and have stumbled across  http://www.paypal.com/. It is free
to
fsca> use and would allow organisers to receive payments directly to their
fsca> account ($1.50 withdrawal fee to Australian bank accounts once offer
is
fsca> over). However, there are some pro's/cons:

fsca> Pros:
fsca>  - Receipted transaction handling - Payments could be automatically
fsca> reconciled within TIB without manual work from the offer organiser
fsca> (paypal has a simple CGI scripting interface)
fsca>  - Signup is free
fsca>  - No "commission" is taken by paypal (for personal accounts)
fsca>  - Netbank not required
fsca>  - They are well respected and "secure" (Used a lot on eBay, 15Million
fsca> members/etc)
fsca>  - Payment goes directly to offer organiser (no middle man)

fsca> Cons:
fsca>  - Credit/Debit card is required (as far as I can tell)
fsca>  - CC number is stored on Paypals system
fsca>  - Third party point-of-failure introduced

fsca> Have a read of their site and check out the details (I may have missed
fsca> something).

fsca> What are peoples thoughts on this?

fsca> Regards,

fsca>         Fenn.


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