What would it take to start my own paypal e-commerce website

[spikespen]

I want to start a paypal-like business.

Transactions over the internet can be done though me.

What kind of infrastructure would I need to do this?

spikespen Reviewed by spikespen on 14th Jul 2012. What would it take to start my own paypal e-commerce website I want to start a paypal-like business. Transactions over the internet can be done though me. What kind of infrastructure would I need to do this? Rating: 5

[HostImage.ca]

Legal documents for starters.

[spikespen]

I'm serious, with the way paypal keeps screwing off people there is a lot of money to be made by filling the vaccum they are leaving.

I just don't see why Payza and webmoney are sooooo difficult to work with. Honestly, how can it be so hard.

With the market the way it is they could probably charge a 5% transaction fee and we would gladly take it

[evoluso]

1. Legal documents
2. verified account
Enjoy

[pdqso]

With the market the way it is they could probably charge a 5% transaction fee and we would gladly take it

Why would I go with your 5% when Paypal gives me under 3%? This is a serious question. Convince me how your service will be better.

[-Im.z2ight-]

You would need a legal team first off. zYou would have to work with credit card companies to be able to process their cards. It is a bigger hassle then you know of.

You will need to be a legal business with a ton of money backing you incase there is a security hole and you get tons of fraud.

[iMage]

Honestly if you even need to ask i dont think you should bother with it, im not sure anyone is going to use a brand new payment processor, especially one created by a newish member here. And as for paypal i have never been "screwed" by them at all, i just dont use crappy PPD filelockers.

[PayZak]

I Am Not sure Why My Last Post was Took Off Maybe where I Posted a Url Link I guess Sorry yes I Am A New Member Here so whats that got to do with anything as i had and still have many sites that i have but being new will take time but if everyone was worried bout being new then no one would be old as my for trust i understand but soon to find out that i am a great guy and a honest person I have been dealing with peoples info for years on my sites and not a ince have i done anyone wrong or would ever i just know how hard it is to send money to each other online and want to make it better so anyones feedback is important as i know what i am doing but i also want to know what else i can do to make it better you asking me that question if i have to ask then i dont know what i am doing or something that't not at all what i was saying i just want to better all i know and help others

[WDF]

@PayZak

Posting the never ending sentence is not going to get you any consideration either.

This is the internet, the first thing most people think when someone requests they be trusted is to not trust that person.

Stop trying so hard. Make a couple dozen useful posts that are not self serving and you will begin to become accepted.

Trust and respect is earned by not only your prior reputation but also by your current actions, posts, and how you present them.

You also might want to try forming your posts so they are easier to read. This is a diverse forum with users from around the globe and English is not everyone's primary language here although it is required by the rules to be the language used.

[Onessa]

I'd like to a see a paypal alternative made but somethign that uses bitcoin as the fiat type of backing currency and is all setup similar to paypal with merchant apis etc and payment gateways

that way its easy to send money(bitcoin) to they're registered email and it would need to ahve good security limit logins to specific ips or tokenized devices like yubikeys and similiar, lots of 2 factor authentication options and ofc no restrictions by countries

Was hoping kim dotcom made something similar but called MegaPay would be perfect