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

[Glen Murphy]

Paypal are EXTREMELY dodgey - since they are not a bank, they are not
subject to banking regulations. We've looked at using them before, and while
they seem like the perfect solution, many people have warned us off it. The
primary problem is that paypal can freeze your account without warning, and
will refuse to let you to withdraw the money.

For more, see: www.paypalwarning.com

Note that there are many many satisfied paypal customers, and if you don't
run into the problems documented on the site above, they provide a very
useful service, but many can't afford to risk it.

(Sorry about injecting this bit of pessimism)


--
Glen Murphy, http://glenmurphy.com/

Recent work:
http://basefield.com/ - proceeds to go charity.



----- Original Message -----
From: <fenn_b at smktech.com.au>
To: "''Melbwireless (E-mail)'" <melbwireless at wireless.org.au>
Sent: Wednesday, May 08, 2002 12:47 PM
Subject: [MLB-WIRELESS] Full, secure payment handling for TIB?


> Hi All,
>
> I have been investigation some options for an automated payment system
> for TIB and have stumbled across  http://www.paypal.com/. It is free to
> use and would allow organisers to receive payments directly to their
> account ($1.50 withdrawal fee to Australian bank accounts once offer is
> over). However, there are some pro's/cons:
>
> Pros:
>  - Receipted transaction handling - Payments could be automatically
> reconciled within TIB without manual work from the offer organiser
> (paypal has a simple CGI scripting interface)
>  - Signup is free
>  - No "commission" is taken by paypal (for personal accounts)
>  - Netbank not required
>  - They are well respected and "secure" (Used a lot on eBay, 15Million
> members/etc)
>  - Payment goes directly to offer organiser (no middle man)
>
> Cons:
>  - Credit/Debit card is required (as far as I can tell)
>  - CC number is stored on Paypals system
>  - Third party point-of-failure introduced
>
> Have a read of their site and check out the details (I may have missed
> something).
>
> What are peoples thoughts on this?
>
> Regards,
>
> Fenn.
>
>
> To unsubscribe: send mail to majordomo at wireless.org.au
> with "unsubscribe melbwireless" in the body of the message
>


To unsubscribe: send mail to majordomo at wireless.org.au
with "unsubscribe melbwireless" in the body of the message