Credit card processing Many-to-One relationship

Re:Credit card processing Many-to-One relationship by mm on Wednesday July 11, 2007 @01:45PM (#33699)

are you doing something similar to fundable.org? What not try the simple method?

Let all the payers transfer the money directly to that one person. Then, you send an invoice to that one person for your commission and trust him to actually honor the invoice.

This is what Ebay does and it seems to be working well enough.

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Re:Credit card processing Many-to-One relationship by falsestprophet on Wednesday July 11, 2007 @01:57PM (#33702)

That makes a lot of sense, but I did not think it was easy to transfer the money directly to someone else. When people collect with ebay they are forced to sign up for a paypal account.

This does lower the cost, but it I think it significantly raises the transaction activation energy.

Am I wrong?

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Re:Credit card processing Many-to-One relationship by mm on Wednesday July 11, 2007 @02:19PM (#33708)

Yes. Fundable forces users to sign up for a paypal account or pay by check. It does raise the transaction activation energy but i think this is the best way to circumvent the double-fees problem.

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