From: Jonathon Blake <grafolog@netcom.com>
Date: Mon, 22 Jul 1996 13:58:22 +0800
To: "Myers W. Carpenter" <BMCarpenter@trevecca.edu>
Subject: Re: Credit Card to eCash
In-Reply-To: <v03007600ae1866520123@[205.219.251.54]>
Message-ID: <Pine.SUN.3.95.960722020511.22784B-100000@netcom13>
MIME-Version: 1.0
Content-Type: text/plain


	Myers:

On Sun, 21 Jul 1996, Myers W. Carpenter wrote:

> 	What would be the problems in setting up a web site to make a
> charge to a Credit Card/ATM card number and return Cash, like an ATM for
> the net?

	Eight to ten years, I think.  It is called money laundering.

	AFAIK, that was the major legal hassle, when it was first 
	done. << OK, so it was on a BBS, not the internet.  >>

	Getting people to use it is the other major problem.
	
        xan

        jonathon
        grafolog@netcom.com


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