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-   -   Why hasn't this internet business been created yet? (https://gfy.com/showthread.php?t=442487)

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

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 :1orglaugh

I don't have the resources to do it.

Spunky 03-10-2005 02:29 PM

Consider it done mate :thumbsup

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...


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