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Financial Latency Was: Zimmerman legal fund
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It isn't only clearing latency that's a problem. FV has already
taken over 5 days to deal with a simple account problem.
Latency might be a Good Thing(tm) in remailers, but it's a
Bad Thing(tm) in financial services. It's a "repuation market"
kinda thing. First Virtual is starting to fall down on many counts.
I'd have paid more if I could have found a place that would have
cleared things faster.
And....inasmuch as these are "real-time" computers we're dealing
with here on the net, bad transacions and fraud can be stopped cold.
Or with only minor losses, at the very most.
Love Always,
Carol Anne
> Incidentally, the FV terms of service prohibit the sale of
>material goods using FV as a payment system. Its intended for selling
>information, not physical products. This is reflected in the fact
>that the seller takes multiple risks of non-payment.
>
> You could probably get away with selling individualized,
>signed tokens redeemable for a t-shirt after 30 days to mitigate your
>risk, abide by FV's TOS, and make the buyers happy, but this seems
>like a lot of work to use FV.
>
>Adam S
>
>
>--
>"It is seldom that liberty of any kind is lost all at once."
> -Hume
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--
Member Internet Society - Certified BETSI Programmer - Webmistress
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Carol Anne Braddock (cab8) [email protected] 206.42.112.96
<a href="http://www.primenet.com/~carolab">My Homepage</a>
<a href="http://www.winternet.com/~drozone">The Cyberdoc</a>
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