>> If you want to avoid it, only accept checks and money orders, and do not
register the domain(s) until you've confirmed with the bank that the
funds have cleared. At that point there is no way for the remitter to
call them back. Of course, you're going to have a hard time finding many
customers if you do business this way. <<
Just a few cents of personal experience here - I was going to mention this
earlier in the day. Yes, one can not expect to "get rich" accepting only
cash type payments, however it can work - but the "Mom & Pop" approach is
not for making lots of money all of the time, and would never work with the
"big boys" or anyone with a "serious" need for finances ;). I have accepted
only cash, check and money orders for almost 20 years, but as a small
solely-owned company it works for me. Our primary goal of OSRS
participation is a added value to our hosting options, even under our
registration sales names we will be offering startup plans - and dealing in
only cash, check, money orders, and direct deposit and processing orders
manually as long as possible. Accepting primarily one year and semi-annual
pre-paid, I register check and promissory payment orders in our company name
first - after the payment arrives and clears I transfer the ownership to my
client - semi-annuals are transferred after the second payment. We always
remain tech and admin contacts, until the client chooses to go elsewhere for
his hosting. I realize that the internet is bringing a close to these types
of payments but I suspect, like myself and my parents, there will be plenty
of people without credit cards to keep me busy enough (I even take only cash
or money orders on hardware & programming - requiring 50% up front).
(guess we don't have to worry about being a big threat to anyone here, huh
;) ?)
Mike Little
PRIDE Computers & Internet Resources
San Diego, CA.
This archive was generated by hypermail 2.1.3 : Tue Oct 19 2004 - 23:35:23 EDT