Subject:
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Re: BrickBay Enhancement (was Re: PayPal only in USA?!?)
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Newsgroups:
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lugnet.market.services
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Date:
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Thu, 31 Aug 2000 18:07:14 GMT
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Viewed:
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1254 times
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In lugnet.market.services, Steve Chapple writes:
> Actually, I was thinking that you and Dan Jezek could combine services,
> or BrickBay could add "factoring" and act like a bank the way PayPal
> does. I suggested this to Dan, and that I could post about it and see what
> people think, and he said sure, get that thread started. So here it is. :-)
>
>
> PayPal only works in the USA, so the rest of the LUGrs of the world need
> a similar service to easily transfer funds to pay for LEGO. If BrickBay
> were to accept funds by cheque, PayPal, etc. in addition to the "cyberLEGO",
> things would be greatly simplified. Rather than a shop having to handle
> dozens of money-orders, etc. from each buyer, one payment could be made
> at the end of the month from BrickBay to the shop owner. Dan's cut would
> be a breeze to administer, and buyers could shop in multiple stores and
> only have to send a single money-order or cheque or cash (or PayPal).
>
> Trading would be the best way to use the system. Let's say I buy $10
> (including postage) worth of parts from each of five different shops on
> BrickBay, but I also have a shop with some older sets in it, and a few
> shoppers buy some of my sets totaling $72. A few columns in the spreadsheet
> are adjusted, and ta-da, everybody's LEGO is paid for, and I've got $20 or
> so to go and do some more shopping sometime. In the meantime, Dan keeps
> the interest earned on the left-over funds sitting there, just like PayPal.
This would be so freakin' cool I'd probably never shop anywhere else for
parts. The internal logistics would be pretty straightforward to set up,
unless there's something I'm not seeing. It would (ideally) just be another
payment option - "This store accepts cheques, money orders and Brickbay
account transfers."
One problem I can forsee is that it could become a huge drag on Dan's time if
he had people consistently wanting/needing cheques for $2.95. Maybe a minimum
amount of (x) before Brickbay will send you a cheque - something like $100 or
more would keep nickel and dime abuse down.
The other problem that might rear it's ugly head is regulation. I have no
idea where the fuzzy line between "bank" and "business" is, but I know it's
there, and I know the rules change completely when you cross it.
But yeah - if this existed, it would become like Auczilla for me,
meaning "always have more money in it than I'm using."
YMMV, of course.
James
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Message has 1 Reply:
 | | BrickBank ! (was Re: BrickBay Enhancement )
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| (...) Very sensible - I believe he already has a $25 minimum where you don't have to send commission if it's under that, or it's been < 3 months time. (...) Very true - This is where Larry's experience comes in... (...) Hmmmm - What if AucZilla and (...) (24 years ago, 1-Sep-00, to lugnet.market.services)
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