Thread: Cash X
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Old 10-11-2010, 12:06 PM  
Loch
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Join Date: Feb 2002
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Quote:
Originally Posted by tube2k View Post
No disrespect intended but I feel like your answer beat around the bush for every question I asked aside from the address verification and account verified portions of my last post.

That's pretty much shooting themselves in the foot (in re: to not being good enough for the gov), isn't it? They issue IDs based on your identity and address information, you can walk into any US bank and get an account with your ID and social, but yet your ID isn't good enough for the gov when it comes to an online account thru a company who doesn't ask for your social security number, but yet wants 2 forms of address verification?

Again, what happens if Moneybookers folds or gets shut down by the gov due to its affiliation with online gambling sites? If they're your mastercard processor and they're the ones who handle the funds on the mastercard side of things, is my card yet another broke POS like epass card is? I see all this blah blah blah about money laundering when I go to the moneybookers site, but if another user already reported an issue while trying to load their cashx account thru their credit card, who's to say that more issues won't arise in the future?

And finally, again, what about these steep fees? I know a lot of people are going to be turned off simply by the fees. We knwo how companies like this make a majority of their money, can we cut back on the sharking for a second to provide a potentially large group of users with more cost-friendly payment solutions?
Where was he beating around the bush?
1 verification for the card and account
And another one to verify your bank account and address...
The fact that you seem to have a problem with this yet spend time here writing about it is kinda odd.
Its their terms, live with it or dont

You are also asking about high fees, i dont see them.....example?
Even if they are slightly higher why would you even care if cashx ends up being one of maybe 3 solutions that can help your business.

All of you people should stop asking yourselves how much this is going to cost you.
Start asking yourself how mych a system like this will help and profit your business, THEN factor in the cost and see where that nets out.
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