> >Yes, but what's the answer to this question, JP: > >** How can an exchange provider offer DGCs in exchange for CC > >payments and make money doing it? >
Aha, very simply, you will use repudiable e-gold for that as well. It will work like this: Customer orders e-gold at Exchange Provider and pays with CC. The Exchange Provider spends the e-gold in the repudiable e-gold account of the customer, with a chargeback period of 15 days for example. During these 15 days the Customer is required to mail or fax a written statement to the EP, that agreed amount of e-gold was received in his repudiable e-gold account in exchange for CCpayment nr xxx.. If this written statement is not received within set period, the EP can chargeback the e-gold he spent into customers repudiable e-gold account. If customer sends in the statement correctly, his e-gold becomes non repudiable after 15 days. If customer does a chargeback on the CC payment after the 15 period, EP has a signed proof he can take to court and sue the customer. Both parties are safe in the transaction. There is no need for very high fees to cover the risk of EP. As you see, there are many problems that can be solved if there is repudiable e-gold besides the non repudiable version. Ciao Danny --- 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.
