> The connundrum is, we are required to have enough money in our .biz
> account to cover successful registrations. The problem is not as simple
> as "covering" the (for lack of a better term/concept) bets, the problem is
> covering the right bets. Having the wrong person (someone who does not
> win) cover the bet is of little value (to us), we have to give them
> their money back (quickly), whil waiting for the winner to pay. It just
> does not make sense.
Oh, of course... and just to clarify my earlier suggestion of paying
the holding fee on the first ticket for a domain - I was speaking on
a per order (or possibly RSP) basis. So, if RSP-A buys 10 tickets
for xyz.biz, they pay $10 "holding fee" for first ticket. If RSP-B
also buys 10 tickets for xyz.biz, they also pay a holding fee on
first ticket... otherwise, we would run into the problems you
outlined.
I understand there are also implementation issues to consider, which
is why I offered the other suggestion of an additional ticket levy
(see my earlier email about that one).
>
> We will put a system in place to get unsed pre-payments back to you very
> quickly at your request.
I believe you will - that is not really a concern. The concern is,
that we simply don't have the cash to pay up-front for all of the
domains.... and however you look at it, if one customer is buying
10 tickets for one domain, there is no justification in charging
the holding fee for each ticket.
>
> We are open to suggestions, please send them on. Any suggestions should
> address the two issues above reasonably.
Well, I've sent a couple so far... you're probably all sick of
hearing from me :) I wouldn't mind hearing other suggestions
though.
Regards,
Kirk
PS: Are other posters to the list as eager for "Wayne Donaho" to
return to the office on May 22nd as I am? I must remember to
send him a "Welcome Back" email.
