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A pool of people who have a demonstrated willingness to spend money online is unattractive? Letting Amazon brand the transaction and own the relationship is le
by olefoo 18y ago
A pool of people who have a demonstrated willingness to spend money online is unattractive?
Letting Amazon brand the transaction and own the relationship is less than beautiful it's true; but that also means they own the headaches associated with those accounts.
- run4yourlives 18y agoI think he's saying that his non-pooled customers that are willing to pay him may not be willing to sign up with Amazon.
- johns 18y agoAnd that asking someone for a separate set of credentials when making a payment is a disjointed and possibly confusing process.
- olefoo 18y agoI'm not entirely disagreeing with you, and for a straight ecommerce site, I think it looks a lot more pro to have your own merchant account, ssl certificate, domain etc. But for more specialised needs FPS could be the right answer, particularly if you are acting as a broker or escrow agent (which sounds sort of like what coglethorpe was describing) and it would let you build something that would at the very least show the potential of the business model enough to justify a real investment (10-50 Million USD for a new bank that is intended to operate nationally; more if you want to start global).