What if we created a new online credit card? - GoFuckYourself.com

Giorgio_Xo · 02-16-2004, 04:37 PM

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.

02-16-2004, 04:40 PM

it will come, soon

detoxed · 02-16-2004, 04:42 PM

If you do it, make it NO CHARGEBACKS even possible. Make it like cash, if you arent happy with what you bought too fucking bad, deal with the merchant.

dunefield · 02-16-2004, 04:42 PM

good idea

psyko514 · 02-16-2004, 04:43 PM

it's a simple concept that would work great, but it would require a pretty huge investment with the potential risk of losing thousands of dollars daily on fraud and bad loans.

but like bdjuf said, i could see this as a possibility in 5-10 years.

icedemon · 02-16-2004, 04:44 PM

Already being done at
http://www.cnwb.com

https://www.cyberagecard.com

Giorgio_Xo · 02-16-2004, 05:24 PM

Quote:

Originally posted by icedemon
Already being done at
http://www.cnwb.com

https://www.cyberagecard.com

I saw this at the Internext. Has Paycom or CCBill come on board?

SunTzu · 02-16-2004, 06:01 PM

It's from Adam & Eve:

http://www.avnonline.com/issues/2003...123003_7.shtml

Sounds promising...

AlienQ - BANNED FOR LIFE · 02-16-2004, 06:02 PM

Won't work.

icedemon · 02-16-2004, 07:21 PM

Quote:

Originally posted by AlienQ
Won't work.

I think it can work. It'll be a big struggle at first. They are going to have to get both new card holders and new merchants. If they market it right, they'll have something. Especially if Visa and Mastercard get out of the adult business or especially any internet business.

hova · 02-16-2004, 07:24 PM

that could work, but it will take a lot of work to get it to work

Shoehorn! · 02-16-2004, 07:32 PM

Awesome idea in theory. Might be hard to implement without a huge amount of startup capital.

chowda · 02-16-2004, 07:36 PM

lets just popularize discovery card.

MetaMan · 02-16-2004, 07:39 PM

nothing like this will happen until technology is made to certify identity over the internet.

some stuff has been done such as having virtual signatures but until it is included onto all computers it wont have as good of an effect.

i dont think anyone can take out visa.

02-16-2004, 04:37 PM	#1
Giorgio_Xo Confirmed User Join Date: Mar 2003 Location: Las Vegas, NV Posts: 4,263	What if we created a new online credit card? 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. __________________ Make Levees, Not War

02-16-2004, 04:42 PM	#4
dunefield www.barely18movies.com Join Date: Feb 2003 Location: Melbourne, Australia Posts: 10,920	good idea __________________

02-16-2004, 04:43 PM	#5
psyko514 See sig. Join Epic Cash. Join Date: Oct 2002 Location: Montreal, Quebec. ICQ: 214702014 Posts: 22,366	it's a simple concept that would work great, but it would require a pretty huge investment with the potential risk of losing thousands of dollars daily on fraud and bad loans. but like bdjuf said, i could see this as a possibility in 5-10 years. __________________ Bad Girl Bucks - 50% Revshare through CCBill. Promote BrandyDDD, Pixie's Pillows, Action Allie and more! Phoenix Forum Pics \| Webmaster Access Montreal pics email: psyko514(a)gmail.com \| icq: 214-702-014

02-16-2004, 04:44 PM	#6
icedemon Confirmed User Join Date: Jun 2003 Location: Lutz, FL Posts: 1,022	Already being done at http://www.cnwb.com https://www.cyberagecard.com __________________ Clips4Sale.com

02-16-2004, 06:02 PM	#9
AlienQ - BANNED FOR LIFE best designer on GFY Join Date: Mar 2003 Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384 Posts: 30,307	Won't work. __________________ NAKED HOSTING FTW!11 I'm On The INSANE PLAN $9.95/mo! \| The Alien Blog Adult News Worth Reading Updated Daily \| Content For Sale! 641 PICS 216 MINUTES OF VIDEO $350.00 \|ICQ: 78943384 \|

02-16-2004, 04:40 PM	#2
buddyjuf Guest Posts: n/a	it will come, soon

02-16-2004, 04:42 PM	#3
detoxed vip member Join Date: Jan 2003 Posts: 17,798	If you do it, make it NO CHARGEBACKS even possible. Make it like cash, if you arent happy with what you bought too fucking bad, deal with the merchant.

02-16-2004, 06:01 PM	#8
SunTzu Confirmed User Join Date: May 2002 Location: the box Posts: 456	It's from Adam & Eve: http://www.avnonline.com/issues/2003...123003_7.shtml Sounds promising...

02-16-2004, 07:24 PM	#11
hova Traffillionaire Industry Role: Join Date: Jan 2002 Location: ICQ:209371571 Posts: 22,430	that could work, but it will take a lot of work to get it to work __________________ http://traffillions.com/ Sign up and get lifetime revshare on your traffic

02-16-2004, 07:32 PM	#12
Shoehorn! Die With Your Boots On Join Date: Oct 2003 Location: Hawaii Posts: 22,872	Awesome idea in theory. Might be hard to implement without a huge amount of startup capital. __________________

02-16-2004, 07:36 PM	#13
chowda Confirmed User Join Date: Jun 2003 Location: Gooch city Posts: 9,527	lets just popularize discovery card. __________________ Someone finds you... 2007 PS: Nationalnet is the best host I've ever had. And i tried alot of them.

02-16-2004, 07:39 PM	#14
MetaMan I AM WEB 2.0 Industry Role: Join Date: Jan 2003 Posts: 28,682	nothing like this will happen until technology is made to certify identity over the internet. some stuff has been done such as having virtual signatures but until it is included onto all computers it wont have as good of an effect. i dont think anyone can take out visa.