Torques Posted January 23, 2007 Report Share Posted January 23, 2007 What is the reason Paypal will not let the vendors use them? Is it because they are scared of replicas? Quote Link to comment Share on other sites More sharing options...
Torques Posted January 23, 2007 Report Share Posted January 23, 2007 Are they against you guys selling watch "parts"? Then some of us who would wish to assemble them out of China could do so. Quote Link to comment Share on other sites More sharing options...
Klink Posted January 23, 2007 Report Share Posted January 23, 2007 The Wonderful (not maybe for U.S.) answer... Moneycookers! http://www.rwg.cc/members/index.php?showtopic=19338 (the Gospel according to the Z man) Quote Link to comment Share on other sites More sharing options...
eddhead Posted January 23, 2007 Report Share Posted January 23, 2007 The Wonderful (not maybe for U.S.) answer... Moneycookers! http://www.rwg.cc/members/index.php?showtopic=19338 (the Gospel according to the Z man) ... or something like that... I suspect the real reason has to do with stricter "know your customer" guildlines being imposed on financial institutions as a result of more stringent applications of the Patriot Act, and concerns over money laundering. While Paypal and the like are technically not regulated banks, they use banks to settle their financial transactions, and as such are probably under a lot of pressure from the banks that service them to adhere to sticter standards on the opening of new accounts, especially merchant accounts. Banks are far more diligent about this stuff now, and I suspect they are pushing this discipline down to their paypal-like clients as a result of pressure being put on them by US regulators. I do not know this is the reason for sure, but I am kinda in this industry and I do know this is a big deal for banks to deal with. Quote Link to comment Share on other sites More sharing options...
Torques Posted January 23, 2007 Report Share Posted January 23, 2007 ... or something like that... I suspect the real reason has to do with stricter "know your customer" guildlines being imposed on financial institutions as a result of more stringent applications of the Patriot Act, and concerns over money laundering. While Paypal and the like are technically not regulated banks, they use banks to settle their financial transactions, and as such are probably under a lot of pressure from the banks that service them to adhere to sticter standards on the opening of new accounts, especially merchant accounts. Banks are far more diligent about this stuff now, and I suspect they are pushing this discipline down to their paypal-like clients as a result of pressure being put on them by US regulators. I do not know this is the reason for sure, but I am kinda in this industry and I do know this is a big deal for banks to deal with. What is a big deal for banks to deal with? Quote Link to comment Share on other sites More sharing options...
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