New online payment system coming soon

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New online payment system coming soon

Postby IraG2362 » Wed Feb 15, 2012 10:29 pm

Guys , just a heads up on a project I am doing to allow Gun folks and others who cannot deal with paypal for fear of losing their accounts( i know all about it as I have had 3 accounts locked for BS) It is going to be called FastPay and to start it will allow Buyer to send funds directly to the sellers credit/debit card for a small % charged to each.. We will eventually expand to cash accounts etc similar to PP & commercial accounts. We will allow customers to send each other funds for anything legally owned in the USA.

More details to follow...

As promised some more news. Ok the name of the venture will be called Freedom Payment as we now own the name and the website construction begins tomorrow along with our lawyers contacting the ATF and working on trademarks etc.. We are projecting to have the site running 30 -60 days and it will be rolled out here and another forum I frequent 1911addicts.com. To ensure that the seller actually ships the items sold to the buyer, we will have a link to either UPS or Fed ex (maybe both) where the check out cannot be done with out completing the shipping part first. The funds are held until the buyer or his say FFL receive the item sold . At that time the buyer finishes his part of the check out by confirming the delivery on the website and the funds will be released 12 hours ( as compared to 2-3 days with PP)to the seller. This way there is no more BS stories about shipping we all have heard.
Now this is our first steps and of course things may change a little as we do more work but I think it could work great for both parties for a safe and secure way to do transaction on the net.

we are also going to try and offer Freedompayment certified shops, these FFL holders will get increased traffic by being recommended by us for Transfers but in return they will have to offer a low cost transfer fees. they will also benefit from the lowest Credit card process fee's on the market which will help save dollars for them.

I hope you guys find this as exciting as I do , a way to pay each other with out PP telling you what you can and can't sell, also a more secure way then just sending a MO and hoping for the best.
Last edited by IraG2362 on Tue Feb 21, 2012 11:00 pm, edited 3 times in total.
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Re: New online payment system coming soon

Postby Rentprop1 » Wed Feb 15, 2012 10:39 pm

don't places like Chase require you to have a 500,000 bond to access a Chase debit account ??
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Re: New online payment system coming soon

Postby IraG2362 » Wed Feb 15, 2012 10:57 pm

This venture is being run as a division of Merchant Services LTD , one of the largest CC processors in the country and have the backing of a Major bank .So I think that should cover your question Rent. [smilie=cheers1.gif]
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Re: New online payment system coming soon

Postby kmagnuss » Wed Feb 15, 2012 11:05 pm

Cool.
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Re: New online payment system coming soon

Postby Rentprop1 » Wed Feb 15, 2012 11:44 pm

good deal I wasn't trying to be negative, sorry if it came off that way, I support anyone other than PP :ber
In the days of the old west a 6 shooter was as common as cell phones are today and just annoying if they go off in a theater.
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Re: New online payment system coming soon

Postby IraG2362 » Thu Feb 16, 2012 12:05 am

not taken in that way at all brother, solid question IMO. thanks for asking it and I hope my answer was adequate for you.
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Re: New online payment system coming soon

Postby tector » Thu Feb 16, 2012 10:44 am

Good luck and keep us informed!
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Re: New online payment system coming soon

Postby IraG2362 » Thu Feb 16, 2012 10:48 am

will do.. hopefully we will be up and running very soon.
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Re: New online payment system coming soon

Postby draggindakota » Thu Feb 16, 2012 11:28 am

Good luck! Let us know when it's live and where to sign up.
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Re: New online payment system coming soon

Postby ulyrider » Thu Feb 16, 2012 11:59 am

Are you saying both the seller and buyer will be subject to fees?
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Re: New online payment system coming soon

Postby AirForceShooter » Thu Feb 16, 2012 12:05 pm

there's no problems with guns???

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Re: New online payment system coming soon

Postby jwperry » Thu Feb 16, 2012 12:30 pm

Please don't get our hopes up than rob us like GunPal/GPal did.
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Re: New online payment system coming soon

Postby ipscscott » Thu Feb 16, 2012 1:13 pm

jwperry wrote:Please don't get our hopes up than rob us like GunPal/GPal did.

this.
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Re: New online payment system coming soon

Postby jjk308 » Thu Feb 16, 2012 2:50 pm

jwperry wrote:Please don't get our hopes up than rob us like GunPal/GPal did.


I planned on using GPal, fortunately waited long enough for the horror stories to come out. I hope its got enough finances and expertise to pull it off. GPal, although an honest effort, didn't, and descended into chaos.
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Re: New online payment system coming soon

Postby IraG2362 » Thu Feb 16, 2012 4:34 pm

yes Guns and all gun related items, knives etc will be allowed as we wont ever actually be involved other then transferring funds.
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Re: New online payment system coming soon

Postby IraG2362 » Thu Feb 16, 2012 4:38 pm

from what I remember about gunpal is that they held funds like paypal if I am correct, we will have a different set up which will be explained in good time. But simple terms we shouldn't be holding your funds longer then it takes to do the transaction of the moment.
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Re: New online payment system coming soon

Postby ipscscott » Thu Feb 16, 2012 5:04 pm

IraG2362 wrote:from what I remember about gunpal is that they held funds like paypal if I am correct, we will have a different set up which will be explained in good time. But simple terms we shouldn't be holding your funds longer then it takes to do the transaction of the moment.

that's a nice touch!
Hope it doesn't cheat you out of millions in interest, LOL.

I really hope this all works out, Ira. It's sorely needed.
A couple questions/suggestions if I may...
A virtual terminal service would be very nice to have. Also an easily integrated shopping cart would be awesome, and I for one would happily switch over from paypal for both of those features.
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New online payment system coming soon

Postby IraG2362 » Thu Feb 16, 2012 6:24 pm

Hopefully all in good time. Nice idea scott I think one we catch on and merchants want to use us the the cart would defintly be something to consider
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Re: New online payment system coming soon

Postby IraG2362 » Tue Feb 21, 2012 10:54 pm

update on first post guys. I hope you like the progress.
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New online payment system coming soon

Postby Enoch » Tue Feb 21, 2012 11:17 pm

This sounds promising Ira. Good luck and keep us posted on the progress.
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