Re: Paypal problems?

From: Alex F. Bokov (
Date: Wed Oct 17 2001 - 06:42:06 MDT


On Wed, 17 Oct 2001, Brian Atkins wrote:

> I think it's important for people to realize that when you do this,
> your card company is not taking a loss, in fact they are most likely
> making money. The party that takes the loss when it comes to credit
> card fraud is the merchant who accepted the card. Not only do they
> lose the transaction money plus whatever service or goods the thieves
> purchased, but they also get hit with a fee by the card processing
> company/bank- who seem to actually have an incentive to keep the
> system insecure.

Which is why an ID number, a password, and a pile of metal in your
name at E-Gold's or GoldMoney's warehouse is the better way to go.
Simple, anonymous. And if the customer forgets their password or gives
it to somebody they shouldn't have given it to, well, whose problem is

- --
* I believe that the majority of the world's Muslims are good, *
* honorable people. If you are a Muslim and want to reassure me and *
* others that you are part of this good, honorable majority, all *
* you need to say are nine simple words: "I OPPOSE the Wahhabi cult *
* and its Jihad." *

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