Danny Van den Berghe: :Just opened an account with Pecunix, and I am very happy...<snip>
Excellent Danny. Danny Van den Berghe: :Now Pecunix has done a great job. Thank you Danny. Danny Van den Berghe: :Still I see some possible improvements. :1) All GBC I have seen so far make the same mistake: they insist to offer :only non-repudiable payments... ...and the choice should be left to the :merchant (seller) whether he wants to accept reversible payment or not. (why :the payment provider should make that decision?) Danny, you the merchant do have the choice... if you wish to accept reversible payments you can accept paypal or credit cards. If you want non-reversible payments accept a gold currency. Of course you can always accept both. Danny Van den Berghe: :Reversible payment is THE way to go for many other types of business, :because it brings in many more customers. No this is not quite right Danny; you are saying that it is better to destroy the integrity of a currency, than to correct the trading practices and trust in a merchant. Danny Van den Berghe: :Who is going to send a non-reversible payment to a website, not knowing if :the product is going to be delivered??? The customer needs to trust the merchant. If he does not, it is the merchant's problem, not the currency's, but there are solutions, read on. Danny Van den Berghe: :A customer is far more easily seduced to hit the "Buy" button if he knows he :can claim his money back if the product is not showing up. :With reversible payment system even an unknown seller in Tsiroanomandidy, :can do business online. Yes, and a merchant is far more likely to be ripped off time and again because theives receive products and then reverse the payments. Every day there is a news article about how e-commerce is foundering because of the high level of fraud! Danny Van den Berghe: :By only allowing non reversible transactions the GBC have effectively thrown :out the child with the bathwater. Nope, they have set a path towards honest and reliable e-commerce. The next step is to encourage the merchants to offer their customer's the use of escrow services. There are many honest and effective online escrow agents now. The escrow facility protects the merchant and the buyer. Danny Van den Berghe: :A reversible payment should become non-reversible after a certain period of :time (to be set by the merchant), for example 30 days or 6 months. :There could also be choice to offer partial reversibility , for example 50% :or withholding a fixed amount for shipping costs for example. :All these conditions should be clearly shown in the payment screen before :the client activates the payment. :In the clients screen there should be a button to order a chargeback (until :the period expires), and one to release the money prematurely (for which the :merchant could even offer a special incentive...) :A system like this offers a lot of new marketing possibilities. What you are describing here is not a currency, but looks rather more like a kind of agreement you would see between buyer and seller... actually, you are almost exactly describing the type of agreement you would find when using the services of an escrow agent. Danny Van den Berghe: :It is great to see the option to get an email when a payment is done. :I would like to add to that an email when there is certain number of :unsuccesful login attempts. Please explain why exactly? Thanks. Danny Van den Berghe: :And an email if my account is inactive for more than a year. Pecunix actually has this, but it is after 5 years, not 1 year. See 14.2 of the user agreement http://pecunix.com/money.refined...ind.useragreement :...lower the apparent step in cost to 0% This is a good point... the Pecunix system makes strong moves in this direction, but sadly it is not possible to offer costly services free of charge and stay in business :-( Thanks for all your excellent comments! Sidd. --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
