There is one big problem with this system, for high volume merchants -- a daily
withdrawl limit of $500. A high volume merchant could easily take in more sales
in a month than he/she would be able to withdraw from "Exchange Path" in
several years.
PECB
---------------------
www.gold-age.net
Erich wrote:
> They seem to offer the same kind of service that paypal does, but with
> a few enhancements: they guarantee that the payments will not be
> subject to chargeback (according to the FAQ), and also, no identity is
> required to open an account. Of course, you need a credit card to get
> money into or out of the system, but you only need an email addr to be
> able to send and receive money within the system.
>
> The fact that the service is free means that they must be making money
> on float, which is something they forgot to mention on their site, so
> I do have some questions about how financially sound they are, but it
> still seems like a cool service, and maybe some of the exchange
> providers might want to start using it.
>
> e
>
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