Topic: Sendbitcoins.net opening its doors! (Read 2260 times)

As long as the Coins are in Escrow, yes.. but i am not planning to offer a whatnot hundred days of possible chargebacks like Paypal does in near future. that is what i meant.

If chargebacks are possible, you are providing escrow.

As of no i wont allow reversals in 99% of the cases but i am planning to build up a budget from the fees and offer that service maybe later. If someone was scammed and can proof and the scammer still has funds on his account a reversal is possible, but unlikely.. at least in the near future. I really want to take too many big risks right at the start, things will come later on i am sure, but not as of now.
But for security i am planning to introduce two more layers for "trust":

- Escrow
Dont have to say much about this, do I?

- User verification
I will start offering this service sometime next week. It is basically, although i know its a bad thing to compare to, the same mechanism as in GLBSE. I am planning to offer verification of users by accepting some credentials form them, like telephone number or snail mail address, Skype (..whatever, the exact things i have not yet decided on) and mark them as trusted users in addition to the ranking system. Chances are just better the more verified users are that they are more trusted. And before people ask: No i will neither store nor sell nor do anything beyond verifying the existence of users  with private data. BUt I think i will just go so far as to verify phone, skype, snail mail and maybe some picture ID.. we will see about that. Still have to decide about that like i said.

One small feature to add to sendbitcoins is "Subscriptions" for recurring payments that get payed, like the paypal api offers, every so and so days interval until either stopped or the user having no mor emoney on his account.
Another thing i am thinking about is an accountless payment. Instead of logging in you get an address and pay it. IPN notification is withheld until the payment has confirmed 4 times and then gets verified.. still have to see if that somehow breaks APIs i test with.

Is it really a good idea to allow reversals though? It could increase your own costs and the point of having reputation in feedback is so that people can make educated decisions.

“Now he has departed from this strange world a little ahead of me. That means nothing. People like us, who believe in physics, know that the distinction between past, present, and future is only a stubbornly persistent illusion.” ― Albert Einstein

lol +1

"He used .php extensions which means he must be using windows 98 and doesn't know nothing 'bout compotas"

Well.. that post is close to 2 years old...

Relevant:
"So before deciding to do ClearCoin, I was thinking I was going to clone one or more of the PayPal shopping cart / payment APIs." - Gavin Andresen
Link

Love your idea, and ignore the naysayers, however I think it's a good idea to do everything as original as possible, you don't want a company like PayPal on your neck. While adapting their API to your usage is a great idea, in many ways, I'm not sure if the legal department at PayPal would agree. Anyways, most of luck with your service!

Thank you to all of the people who have already registered and tested SendBitcoins.Net

To offer all of you a small incentive to test the whole process I give 0.1 BTC each to 10 randomly chosen users who have a total transaction volume of more than 1BTC by Friday the 9th of March.

Updated the examples: www.sendbitcoins.net/example.zip


Mod_rewrite will still take a while since i have an assignment today.. so i can start working on it tomorrow...

Yes *2

I like the idea of a drop-in replacement for paypal!

Thats pretty much the case. Till now i didnt use  mod_rewrite ..  since i am not using Apache things are a bit more complex...

Multiple web pages ending in .php usually signify a poor codebase with a developer with poor web development knowledge. A clusterfuck of html mixed in with php is a recipe for a unmaintainable hodgepodge and may imply other not-so-great web development practices taking place.

I would be wary of the security practices taken here, including general "common sense" practices (not live editing db/files/presence of backups)

It seems like a weekend project with no intent to expand beyond a couple of users.

The address is now Changed to

SendBitcoins.net

But it will take a few hours for the domain to get fully online.

ALright.. i came to the conclusion - after a night of sleep - that it might be right that the url might be some sort of big red bullseye for Paypal.. so i am going to change this. an other name which is less Trademark offending

So for the moment the website will still be available as bitcoinpal - but address and name will change in a few days.

Well, tbh i just checked if the trademark "Bitcoinpal" was claimed. If need be i will change the name of course, but so far i dont see any threat from Paypal as long as i dont use their name.

Even though this an announcement of a new service I'll leave this thread here because it's the first operational service that is specifically addressing off chain transactions which I believe are a significant issue for Bitcoin.

This does not however mean that I endorse this service or the OP in anyway so any bitcoins you are trusting this service to handle for you you better make sure you can trust the operator.

Seems silly to use the term "pal" in a payment processor name other than paypal.  Are you broadly familiar with trademark law and its purpose?

Not predicting the outcome of any cases that may come up about this, just amazed that you're choosing to expose yourself to a risk unnecessarily.