At 01:06 PM 12/29/2000 -0600, Destiny Worldwide wrote:
>
>I have noted several things about Standard Reserve, all of which
>I do not like. We were going to use Standeard Reserve and even
>introduce clients to it, but it is obvious that Standard reserve
>intends to play by the rules of Big Brother, something that we abhor:
>
>1. SR is not really opening up to international clients, and
>you can tell this from their application form. I checked that I
>was from Costa Rica and therefore did not fill in an SSN as per
>directions,b ut their system bounced the application for that
>reason, so I typed in 999-99-9999. That worked. Standard
>rEserve needs to learn that it is ILLEGAL to demand a SSN frm
>soneone, and that the provision of an SSN is 100% voluntary, and
>they need to make provision for this. By acting like the BB
>banks, they are showing that they are not part of the freedom
>movement, but a part of the system most egold users are trying
>to get themselves out of. Also, SR says that they are doing
>this to apeal to a larger market. Well, in actuality, the
>future is AWAY form BB. As the internet grows in power and net
>currencies based offshore, along with offshore services such as
>ours, WE will someday become the mainstream, not the other way
>around. Locating themselves onshore and spending a ton of money
>to comply with ridiculous US government regulations that force
>them to SPY on their customers liek the banks is surely the
>wrong thing to do. It woudl have been better if they had gone
>in the direction of Goldmoney and located themselves safely
>OFFSHORE. Even egold eventually woke up to this necessity and
>has now located at least part of their operation offshore. They
>should have realized that the government is their ENEMY, not
>their friend. We will not cooperate with any entity that is so
>complicit to BB.
That obviously is an error which we have to fix. Thank you for alerting us.
SS# or some form of identification is needed so we can verify
accounts. If you are not a US citizen, then we need some other
form of ID. Ours is not an anonymous service, never has been,
and was never touted as such. Rather, we actually verify that
the applicant is who they say they are. We owe that to our
agents who take the risk. We are not interested in Big Brother,
nor are we interested in anything other than verifying that you
are who you say you are (we are using a verification service).
>
>2. Another SR problem is that they are charging a ludicrous
>$200.00 fee for a merchant account. Why should anyone pay this
>fee, when you can get a Visa/Mastercard merchant account for
>much less with much more capabilities, or an egold acocunt for
>free that you can set up a shopping cart for for FREE through
>Mal's ecommerce. If you want Buy Me buttons for your egold
>account, don't pay SR $200.00 for the privilege, get them for FREE at Mal's!
Very interesting. Can you tell me where you can get a
Visa/Mastercard merchant account complete with shopping cart
interface, for free? I am asking because the 2,100 merchants
that I deal with on my E-Tailer's Digest are constantly looking
for such a deal. In a recent poll, nobody had any good, reliable
resources. And we would like to list it as a retail
resource. Most that we found charge a fee for opening, plus a
very high fee for the shopping cart interface (like $40 a month
for 48 months which is what a few retailers reported).
Also, SR transaction fees are 1 3/4% vs 2 1/2% to 5% for Visa/MC
depending on your history, type of account and volume of
business. And, if your chargebacks exceed the predetermined
critical percentage (1.9% for most) your account will be
cancelled. One of our retailers had one chargeback that was
subsequently resolved by them and the customer. The bank still
cancelled and blacklisted the account. Now they have to pay
exorbitant (6-7%) fees if they want to get another account.
>
>3. We are updating our website over the next week to have a new
>egold and transaction exchange page. The tools are out there
>for people t use, it's just that no one has put them together in
>one place before, and we will attempt to do this for all. Once
>agian, if you want shopping cart capabilities for your egold
>account for free, check out Mal's [I don't have the url handy,
>but it will be on our new page].
We have added a lot more to the shopping cart interface and you
may want to check it out before dismissing it. For example, you
can have a one-button solution. And, you can carry the detail of
the sale to your receipt sent to the customer.
>
>I am sorry to dump on SR's parade. My intentions were to
>integrate their services with ours. But really, they have
>proven themselvs to be incompatible with the offshore world and
>privacy provisions. If you want an onshore debit card, you can
>get one from Citibank a lot cheaper. If you want something that
>will enhance your privacy and freedom, SR ISN'T IT!
We are not anonymous and never claimed to be. But we are
global. Our debit cards can be used anywhere, and are not
limited by country boundaries. For example, ask some of our
Aussie friends who decided to travel or work in other
countries. When they tried using their bank-issued debit card,
it was declined after a number of uses.
>
>And one final thing, I have asked several times of the
>principles these privacy questions and concerns, and the dynamic
>SR duo has not answered those questions. It simply is an issue
>with whjich they do not want to deal, and in my opinion, they
>should have dealt with it before they opened their doors because
>this is going to hit them over and over again. No mainstream
>merchant will pay the hefty fees they charge, and the privacy
>advocates that form the heart of the egold community won't use
>them either. It would have been better to open up in Panama
>City than in Atlanta, and I think someday they will understand this.
What has not been addressed? We need to verify that you are who
you say you are. On this list there have been many reports of
fraud, rip offs, etc. Ask any of the market makers about the
issues with fraud. We are trying to avoid that.
If I haven't answered you question on the privacy issue, please let me know.
George
______________________________________
George Matyjewicz, Chief Executive Officer
Standard Reserve Corp. -- Atlanta, GA
Acct# 120018 Tel: 770-300-3070 Ext 2818
World Wide Currency for the World Wide Web
http://www.standardreserve.com
mailto:[EMAIL PROTECTED]
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