Thats all irrelevant, Paypal will close you down once they suspect your using them to use Bitcoin. Period, no questions asked.
As stated before, we understand this.
And here's the rub. Would you do business with an entity who you know is using another business, no matter how unscrupulous said business may be, to forward their business until another option presents itself to use to further their own business?
Translated: Pretend I operate a new Bitcoin exchange business that will USE PayPal so my clients can purchase bitcoins until PayPal closes me down, at which point I will then have another credit card processor in place until they too close me down, at which point I'll have another in place, etc. At some point during this whole ordeal, I would have amassed many a bitcoin. But now all my accounts are frozen and I need to end this business. Lucky for me I already have a letter written in case such an event takes place. In starts off as follows: From the desk of Phinnaeus Gage,... Now, would you do business with me after I laid all that out beforehand?
~Bruno~
That's not how I laid things out at all. I never said I would jump from processor to processor. I said I would leave PayPal when they froze my account. I have no plans to leave a authorize.net. I've even written them asking if bitcoins is against their TOS. Please note that I expect the account to be frozen for dealing with Bitcoins, not due to chargebacks. At that point if the site volume becomes too large to handle all the manual verification I have plans to make the credit card aspect invite only.
You're changing what I am saying to make my plan easier to attack. This is called the Straw-man argument. What I cant figure out is why you want this to fail so badly.
You're fuckin kidding me, right? Here we are trying to help you, but you can't figure out why we want you to fail. As far as the Straw-man argument is concern, that is not the case either, albeit you never did state that you would jump from processor to processor. Lets start with the facts then. You will leave PayPal when they freeze your account. Keep zeroing the account every hour on the hour and I say you're good for a few days--at most. A couple months ago, PayPal told my sister that she had to quit the same practice while operating her eBay account, and she was doing it only 4-5 times a day--all ligit transactions. You stated that you're using PayPal until they freeze you out but by then have another processor in place, therefore at the moment you don't have one in place. You wrote to PayPal asking them if bitcoins is against their TOS. Their reply? If you know beforehand that your PayPal account will be frozen in some point of time, why use that service in the first place? Now I ask other question. Why are you so adamant in using PayPal?
Here's a quick story. Once upon a time, a married coupled, let's call them Bruce and Ed, expressed that a great place to hold a convention would be, let's call it Pattaya. All the convention goers tried to convince them that Pattaya was a terrible choice to hold a convention, but they didn't heed the warnings, going so far as to start dissing the so-called naysayers. Long story short, the naysayers were right, and the couple distanced themselves from the group. The happy couple would probably still be part of the group if they hadn't remained steadfast and adamant with their original idea.
~Bruno~
I'm not attempting to "diss" you at all. I haven't suggested anything you have said is "
bullshit", called you a scammer, or unprofessional. I'm not sure who is insulting who here.
I also called the new credit card processor, not PayPal.
Look. Like I said before. I appreciate the fact that you are trying to help us here, but I feel as though my plan has addressed all the possible concerns you have raised. If I'm wrong then it's my fault. It's my mistake to make. You get to tell me "haha I told you so" if I lose money on this. I'm not trying to ostracize from the community in any way, shape, or form. If simply disagreeing with you and making my own mistakes makes that happen then why would I want to be apart of the community in the first place?