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Kwedit Launches Online Payment Service for Cash Transactions
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elgato



Joined: 24 Feb 2005
Posts: 14471
Location: TEXAS

Posted: Fri Feb 05, 2010 4:48 pm    Post subject: Kwedit Launches Online Payment Service for Cash Transactions  

Kwedit launched new online-payment services targeted at consumers who prefer to pay for digital content and virtual goods with cash. Former PayPal President Jeff Jordan is an advisor to Kwedit, which is also working on a service that would allow eBay buyers to pay for items by using Kwedit Direct at any 7-Eleven.

Kwedit Promise enables consumers to receive goods immediately in exchange for Promises to "Play Now. Pay Later." Kwedit Promises can be paid off using any of the mechanisms provided by Kwedit Direct, which allows consumers to make payments at participating retail stores or by mailing cash or asking a friend or family member to pay on their behalf through a unique social payment network called Pass the Duck.

more.. link to news article
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DaLizardsLair



Joined: 15 Feb 2009
Posts: 4783

Posted: Sun Feb 07, 2010 12:36 am    Post subject:  

If a buyer wants to pay me with cash, they certainly don't need some other outfit handling it for them.

They can simply put the money in a card and mail it to me. If they are concerned about it reaching me, mail it Priority Mail with Delivery Confirmation.

I've had buyers do that in the past, and it worked really well. Of course, I've had buyers wrap cash in aluminum foil and that worked just as well.
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