On Tue, 23 Sep 2003, R. A. Hettinga wrote: > On Tuesday, September 23, 2003, at 03:45 PM, R. A. Hettinga wrote: > > > Rivest and Micali's microcheque protocol gets a ducat-download. > > > > Next stop an IPO -- and then an eBay buyout... ;-). > > Hahaha... "about 7 percent per transaction" - NOT mentioned on the > website anywhere, I had to look in a Wired article - we call that an > "F*** the merchant" rate folks, even AMEX isn't that high.
Actually - for amounths under 5 euro (or there about) generally a minum fee between 0.15 and 0.35 euro kicks in. And it is not uncommon to see rates of 10% to 15% if your transactions are consistently in the 5-15 euro range. So that makes 7% of the transaction regardless of size actually a very good deal for an interesting part of the marked which is badly served by the current US style credit card / merchant approach. Add to this possibly different cost recovery priorities in case of fraud and it certainly may be able to find a place to survive. > Windows only. Interface software is NOT open source. It'll serve roughly 80% of the marked, add Mac and you hit your 99% of the desktops. More varied/important may be the server side - and I'd be prepared to bet that any platform is supported when the volume is high enough - down to VAX/VMS :-) > Oh, and they are used by 6 merchants. Personaly I am quite impressed by a company which in this stage of their cycle has that many almost real customers. > VISA is soooooo scared, oooooooooooo. :-) though I doubt that this is anyones intention - and I'd worry more about VISA taking an interest and buying the bits they need and shelving the parts we'd think are cool. Dw --------------------------------------------------------------------- The Cryptography Mailing List Unsubscribe by sending "unsubscribe cryptography" to [EMAIL PROTECTED]
