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blaze Spinnaker
1/2 Serious
Join date: 12 Aug 2004
Posts: 5,898
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10-13-2005 05:33
I wonder,
A big reason why the economy works in SL is because of micropayments.
However, chargeback fraud which leads to a loss of your merchant account makes micropayments very challenging to do.
Suddenly, you're paying 25$ for that 50 cent refund and visa is about to close you down.
But here comes the L$.
Is the whole value of the L$ to avoid having to deal with chargebacks and make micropayments doable?
Would a RL micropayment system need something similar to what SL is doing in order to work?
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Dark Korvin
Player in the RL game
Join date: 13 Jun 2005
Posts: 769
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10-13-2005 11:37
From: blaze Spinnaker I wonder,
A big reason why the economy works in SL is because of micropayments.
However, chargeback fraud which leads to a loss of your merchant account makes micropayments very challenging to do.
Suddenly, you're paying 25$ for that 50 cent refund and visa is about to close you down.
But here comes the L$.
Is the whole value of the L$ to avoid having to deal with chargebacks and make micropayments doable?
Would a RL micropayment system need something similar to what SL is doing in order to work? Well it would be a lot of work, but they could get the same bank information that Paypal gets and send electronic checks to your bank account. If you didn't have the $L, you would still probably have to have a US$ balance, and that brings in new legal issues. There are more laws that regulate the flow of US$ than there are for regulating game currencies. |