This is how E-gold can be *combined* with a repudiable system:

Normally, egold is not repudiable, but each SCI payment link can contain
one more field, like this (note the "REP"):
"http://799551-USD10-REP.e-gold.com";. This way, the seller specifies to
the E-gold system that he accepts repudiable egold. In such a case, E-gold
charges the payer 5-10% (instead of nothing when the payment is non
repudiable); the extra charge can be used to cover the losses of the
merchants. I guess, the extra charge can be increased for people who order
"too many" chargebacks, or even forbidden to issue a chargeback.

It is also possible to specify, in the payment link, a number of days
after which the egold payment becomes non repudiable, like in (note
"REP5"): "http://799551-USD10-REP5.e-gold.com";.

When someone pays using such a payment link, the E-gold system says that
the payment is repudiable. The system would also allow the payer to choose
between using the repudiable method (in which case he would pay that extra
5%), or the normal non repudiable method (in which case he doesn't pay
anything extra).

So, now you can pay with egold, with a repudiable system, and no one has
to pay higher fees because someone else wants a repudiable system. It
depends on what both parties agree on.

This is the system that combines all advantages... and you don't have to
create a new system, cards, paper work... or anything for that matter! But
I doubt E-gold will burden themselves with this. Maybe JRW can tell his
side of the story on this...

I see Danny Van den Berghe thought of something similar.

P.S. There is no such thing as "per say"! It is "per se". ... Don't shoot
the messenger, okay? ;)


George Hara
http://www.filematrix.xnet.ro/


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