Deleted
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Post by Deleted on Jan 25, 2015 16:02:09 GMT -5
From where, to where?
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Loopdilou
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Post by Loopdilou on Jan 25, 2015 16:03:21 GMT -5
I could be wrong, but it looks like mobile payment is only one piece of the pie. Throw in online payment processing and the marketplace and you have a diverse platform to monetize. Even if one trends out, you still have the other 2 to capitalize on. The US is also only one piece of the market. Mobile payments are huge in Africa and that's going to become a major market player sooner than people think.
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Deleted
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Post by Deleted on Jan 25, 2015 16:03:49 GMT -5
It can only move for free if the service is being paid for by something else...
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Deleted
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Post by Deleted on Jan 25, 2015 16:05:12 GMT -5
I could be wrong, but it looks like mobile payment is only one piece of the pie. Throw in online payment processing and the marketplace and you have a diverse platform to monetize. Even if one trends out, you still have the other 2 to capitalize on. The US is also only one piece of the market. Mobile payments are huge in Africa and that's going to become a major market player sooner than people think. The website doesn't really mention a marketplace? Mobile payments linked to WHAT?
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haydentiff
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Post by haydentiff on Jan 25, 2015 16:06:11 GMT -5
It can only move for free if the service is being paid for by something else... It doesn't cost money to move it. We are simply not charging for something that is already free. I've already mentioned ways of monetizing the app. We are building an entire ecosystem.
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Peace Of Mind
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[font color="#8f2520"]~ Drinks Well With Others ~[/font]
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Post by Peace Of Mind on Jan 25, 2015 16:06:58 GMT -5
It can only move for free if the service is being paid for by something else... I'm now wondering if they just plan on getting many VCs and then will sell the company off as a trade sale or do an IPO once it takes off.
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haydentiff
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Post by haydentiff on Jan 25, 2015 16:11:30 GMT -5
It can only move for free if the service is being paid for by something else... I'm now wondering if they just plan on getting many VCs and then will sell the company off as a trade sale or do an IPO once it takes off. We have a chance to level the playing field for people all over the world. Nothing will ever be as interesting as this. I do worry about a bank offering us an ungodly amount of money to buy us and make us go away. That is the new trend with disruptive tech. Banks buy them.
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Deleted
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Post by Deleted on Jan 25, 2015 16:11:38 GMT -5
From where to where?
What do you mean it doesn't cost money to move? No one has to process a transaction? There is no service/system/website/programming to maintain?
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Deleted
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Post by Deleted on Jan 25, 2015 16:12:32 GMT -5
Is your main goal cyber currency ?
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Peace Of Mind
Senior Associate
[font color="#8f2520"]~ Drinks Well With Others ~[/font]
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Post by Peace Of Mind on Jan 25, 2015 16:15:07 GMT -5
I'm now wondering if they just plan on getting many VCs and then will sell the company off as a trade sale or do an IPO once it takes off. We have a chance to level the playing field for people all over the world. Nothing will ever be as interesting as this. I do worry about a bank offering us an ungodly amount of money to buy us and make us go away. That is the new trend with disruptive tech. Banks buy them. And then THEY charge the fees (if they keep the same business model otherwise). I suspect this is what will happen. I really am excited for you and hope this turns out to be something amazing. I can say "I knew her when".
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haydentiff
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Post by haydentiff on Jan 25, 2015 16:15:54 GMT -5
Is your main goal cyber currency ? Our mission is to provide free payment processing. We believe that it is immoral to charge for payments.
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haydentiff
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Post by haydentiff on Jan 25, 2015 16:20:22 GMT -5
I'm in Michigan. How much should you be charged to send me an email? What about someone in India? How much should you be charged to send an email there?
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Deleted
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Post by Deleted on Jan 25, 2015 16:20:25 GMT -5
If I process a dollar transaction through casheer, where does it come from and go to?
But you can't provide casheer without other income streams... I mean, it isn't really free to process payments... Is it?
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Deleted
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Post by Deleted on Jan 25, 2015 16:21:08 GMT -5
From a bank to a bank? from a credit card to a bank? ... Where to where?
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aricia
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Post by aricia on Jan 25, 2015 16:23:03 GMT -5
If you can't answer oped's question, you're going to have problems.
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Deleted
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Post by Deleted on Jan 25, 2015 16:23:22 GMT -5
Transferring dollars is not the same as sending an email...
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Loopdilou
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Post by Loopdilou on Jan 25, 2015 16:27:53 GMT -5
All money is a collection of 1s and 0s. I would suspect it costs less for storage and transportation of those bits than it does for cash. Considering I only pay 60 a month to send lord knows how many gigabytes of them every month, I would venture it costs a fraction of a fraction of a penny for each one and that transfer cost is already covered by my cell phone and Internet bill. Payment processing is extortion given the other fees I already pay just so I can have some bank make interest on MY cash.
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Loopdilou
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Post by Loopdilou on Jan 25, 2015 16:29:00 GMT -5
Transferring dollars is not the same as sending an email... Actually it's identical.
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aricia
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Post by aricia on Jan 25, 2015 16:29:54 GMT -5
I understand there are fees with credit cards that are passed on the consumer but now I feel like you're asking me as the customer to do what is NOT in my best interest by giving up the cash back on my cc for the "greater good" in the long term and the merchants good in the short term. I don't fully understand what "no chargebacks" means on your blog post but it makes me think I will not have the same protection is there is a dispute with a vendor as when I use my credit card.
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haydentiff
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Post by haydentiff on Jan 25, 2015 16:32:01 GMT -5
Transferring dollars is not the same as sending an email... Actually, it pretty much is. You can link your Casheer account to your bank account. For those that aren't ready to do that, we will have gift cards that you can purchase.
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Deleted
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Post by Deleted on Jan 25, 2015 16:32:33 GMT -5
Money transactions are not just gigabyte transfers.
If you don't want to pay for processing... Then only accept cash. Don't keep your money in a bank. If you receive no service in exchange, why pay it?
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aricia
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Post by aricia on Jan 25, 2015 16:32:36 GMT -5
I want to know how I would load the money to casheer. Clearly I can't link a cc like paypal because the cc would want their fee. Can I link a bank acct? Do I drive to Detroit and hand you cash?
Edited - posting at the same time! Oh my goodness! Was that so hard to answer about linking a bank account? It almost seemed like you were avoiding the question! LOL
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Loopdilou
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Post by Loopdilou on Jan 25, 2015 16:36:58 GMT -5
Let's say, hypothetically, that I have 1 billion dollars. Even if that 1 billion were stored as 1 billion individual dollars on a mainframe (which it isn'the because that would be grossly inefficient), all my money would only take up 1 gig of space. I have a 10 gig thumb drive that I paid $5 for.
Just sayin.
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haydentiff
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Post by haydentiff on Jan 25, 2015 16:37:19 GMT -5
Money transactions are not just gigabyte transfers. If you don't want to pay for processing... Then only accept cash. Don't keep your money in a bank. If you receive no service in exchange, why pay it? Whether or not we are the first company to offer them, free payments are happening. The technology isn't going to uninvent itself.
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haydentiff
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Post by haydentiff on Jan 25, 2015 16:38:13 GMT -5
I want to know how I would load the money to casheer. Clearly I can't link a cc like paypal because the cc would want their fee. Can I link a bank acct? Do I drive to Detroit and hand you cash? You can link it to your bank account.
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Deleted
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Post by Deleted on Jan 25, 2015 16:38:36 GMT -5
Transferring dollars is not the same as sending an email... Actually, it pretty much is. You can link your Casheer account to your bank account. For those that aren't ready to do that, we will have gift cards that you can purchase. So, I need to deal with a debit type situation. And how do you protect my bank account information? And do you guarantee I won't be responsible for transactions if someone hacks your system for my data? And who monitors your system? How are records of transactions kept and researched of I have a dispute? Is the feedback from my bank immediate? Do they need to do anything on their end to make sure ... I know gass payments can cause a hold for instance... Do you think a bank might charge me fees for debits from the account?
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Loopdilou
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Post by Loopdilou on Jan 25, 2015 16:38:52 GMT -5
Money transactions are not just gigabyte transfers. If you don't want to pay for processing... Then only accept cash. Don't keep your money in a bank. If you receive no service in exchange, why pay it? You're right; it's actually less than a megabyte. Probably around a kilobyte if we're being generous.
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Deleted
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Post by Deleted on Jan 25, 2015 16:39:12 GMT -5
Money transactions are not just gigabyte transfers. If you don't want to pay for processing... Then only accept cash. Don't keep your money in a bank. If you receive no service in exchange, why pay it? Whether or not we are the first company to offer them, free payments are happening. The technology isn't going to uninvent itself. What technology?
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haydentiff
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Post by haydentiff on Jan 25, 2015 16:41:22 GMT -5
Whether or not we are the first company to offer them, free payments are happening. The technology isn't going to uninvent itself. What technology? We no longer need central clearing houses, which slow things down and cost money.
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Deleted
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Post by Deleted on Jan 25, 2015 16:41:37 GMT -5
Are you saying the transfer of data is a kb? Money transactions are more than just data transfers.
Lets ta be real. This is about cyber currency.... Right?
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