What if we created our own online credit card? We would loan money at 10% acceptable at any major online merchant. In the same way VISA and MasterCard are linked to PayPal we would offer ours.
Webmasters would promote the new consumer loan cards to surfers for a commision. The surfer would be issued a real plastic card in the mail based on credit history. Credit limits could be limited to $500-$2000 to avoid huge fraud.
At the time of purchase the surfer would enter the card number and CVV. The payment would issue a counter-challange and the surfer would enter a P.I.N. This would lead to extreme low fraud and zero chargebacks.
I imagine this would be the same size and scope a that a major market retailer deals with in a private label creadit card.
Webmasters would promote the new consumer loan cards to surfers for a commision. The surfer would be issued a real plastic card in the mail based on credit history. Credit limits could be limited to $500-$2000 to avoid huge fraud.
At the time of purchase the surfer would enter the card number and CVV. The payment would issue a counter-challange and the surfer would enter a P.I.N. This would lead to extreme low fraud and zero chargebacks.
I imagine this would be the same size and scope a that a major market retailer deals with in a private label creadit card.
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