Why hasn't this internet business been created yet? - GoFuckYourself.com

eddie-executive · 03-10-2005, 02:29 PM

How many threads do you see asking for a funds transfer between paypal and epassporte? Do a search on google its not just here its in other forums.

I've seen people offering and extra $20 just for the transfer.

I'm sure someone will do this eventually. I see more and more of these transfer requests everyday.

Your welcome for the idea

I don't have the resources to do it.

Spunky · 03-10-2005, 02:29 PM

Consider it done mate

azguy · 03-10-2005, 02:30 PM

Because PayPal shuts down Market Makers who do this for a long period of time

Manowar · 03-10-2005, 02:31 PM

i once thought the exact same thing, but if you think about it you'd end up in such a mess with the IRS and stuff because you are practically becoming a financial institution

azguy · 03-10-2005, 02:32 PM

Quote:

Originally Posted by Manowar

i once thought the exact same thing, but if you think about it you'd end up in such a mess with the IRS and stuff because you are practically becoming a financial institution

PayPal will shut you down in a week (freeze your accounts). They don't like exchange facilities

tungsten · 03-10-2005, 02:32 PM

there ARE companies out there that do it for like 5-10%

Trax · 03-10-2005, 02:33 PM

Quote:

Originally Posted by Manowar

i once thought the exact same thing, but if you think about it you'd end up in such a mess with the IRS and stuff because you are practically becoming a financial institution

true... it can see it being a pain.

azguy · 03-10-2005, 02:34 PM

Quote:

Originally Posted by tungsten

there ARE companies out there that do it for like 5-10%

Mostly exchange providers that started with dealing e-gold and successfully do PayPal in and out with different accounts. It's all been tried before

azguy · 03-10-2005, 02:35 PM

Quote:

Originally Posted by Manowar

i once thought the exact same thing, but if you think about it you'd end up in such a mess with the IRS and stuff because you are practically becoming a financial institution

Well, the Money Transmitters Act doesn't affect online exchange providers yet, so really you'll be paying taxes just like any other business would.

LiveDose · 03-10-2005, 02:37 PM

Sounds like a big mess...

03-10-2005, 02:29 PM	#1
eddie-executive Confirmed User Join Date: Apr 2003 Posts: 2,061	Why hasn't this internet business been created yet? How many threads do you see asking for a funds transfer between paypal and epassporte? Do a search on google its not just here its in other forums. I've seen people offering and extra $20 just for the transfer. I'm sure someone will do this eventually. I see more and more of these transfer requests everyday. Your welcome for the idea I don't have the resources to do it. __________________ Jealousy... is a mental cancer. ~B.C. Forbes

03-10-2005, 02:29 PM	#2
Spunky I need a beer Industry Role: Join Date: Jun 2002 Location: ♠ Toiletville ♠ Posts: 133,944	Consider it done mate __________________ *YOUR INFORMATION HERE*

03-10-2005, 02:32 PM	#6
tungsten Too lazy to set a custom title Join Date: Mar 2004 Posts: 10,579	there ARE companies out there that do it for like 5-10% __________________ VOYEUR /HOMEMADE, HENTAI / CARTOON, Reality, Amateur, Shemale, Hardcore, Cuckold, Celebrity, Retro/Vintage, ect...ALL OUR SITES >> Unbelievable Ratio \| High % of Rebills \| Bi-Monthly Payments (also to E-Passporte) Ton's of EXCLUSIVE Free content & FHG's \|=> GREAT REVENUE $$$ GUARANTEED!

03-10-2005, 02:30 PM	#3
azguy Confirmed User Join Date: Nov 2004 Location: Scottsdale, AZ Posts: 5,167	Because PayPal shuts down Market Makers who do this for a long period of time

03-10-2005, 02:31 PM	#4
Manowar jellyfish Join Date: Dec 2003 Posts: 71,528	i once thought the exact same thing, but if you think about it you'd end up in such a mess with the IRS and stuff because you are practically becoming a financial institution

03-10-2005, 02:37 PM	#10
LiveDose Show Yer Tits! Industry Role: Join Date: Feb 2002 Location: Somewhere Out there... Posts: 25,792	Sounds like a big mess...