Quote:
Originally Posted by vdbucks
The edit button appears to be broken so let me explain what I mean by "hard to believe".. It's not that I think you're doing anything shady, but if my bank is collecting interest on the money I have in my account, then surely a company like yours is doing the same right? I mean, I doubt you guys are profiting on the transfer fees alone.
|
Yep. It's inconceivable that they're not earning interest on people's money, which is fine if someone
chooses to leave their money in their account. But it clearly opens up a motivation for Paxum to make it hard for people to withdraw their money when Paxum is profiting from them being unable to do so.
People were complaining about this Paxum "ID verification" process months ago.
Quote:
|
The problem I see though is that if you are collecting interest on funds that the account owner cannot access.. that can indeed be perceived as shady business practice.
|
Sig whoring penis extension pills is always a good sign of a stand-up company, I find.
Quote:
|
IMHO, what you should do is follow the same procedures as other financial type institutions... require identification upon creation of the account, and funds can be neither received or sent until the owner of the account verifies is.
|
You just have to ask why they would make it easy for you to get money sent to "your account" (aka their bank account) without verification, but require you to jump through hoops to withdraw
from their bank account. Even Epassporte didn't do that.