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

[Michael McKinnon]

I've heard a number of horror stories about PayPal, and I know that
blogger.com stopped using them due to difficulties, for example on their
website is this:

"PayPal no Longer Required"
"Those who've had trouble paying will be glad to note we're now taking
credit cards directly instead of using PayPal. We also now accept AmEx and
Discover in addition to Visa and MC."

And with regards to comments like "don't sweat it they are the largest/most
stable organization of its kind that is out there at the moment" - this IS
the internet we are talking about; just because PayPal are a publicly listed
company (NASDAQ:PYPL) doesn't mean they can't file for Chapter 11 tomorrow.

...MJM

-----Original Message-----
From: dean [mailto:dean.collins at bigpond.com]
Sent: Wednesday, 8 May 2002 1:26 PM
To: 'evilbunny'; fenn_b at smktech.com.au
Cc: '''Melbwireless ' (E-mail)'
Subject: RE: [MLB-WIRELESS] Full, secure payment handling for TIB?


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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