Bittylicious: Difference between revisions
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==Detailed== | ==Detailed== | ||
Things we'd need to think about are: | Things we'd need to think about are: | ||
* Do you think you would need or like the ability to set a price? The system would pick whatever is cheapest at any time. | |||
* From a legal perspective, it makes more sense for the buyer to have an agreement with you, just using Bittylicious as a platform. Does that seem sensible to you? | |||
* Fraud happens, but Bittylicious is designed to stop that as much as possible with various validation methods and maximum amounts that can be purchased. If some kind of fraud notification comes through and your bank decides that a payment needs to be reversed (it can happen) then you'll be the one liable. | |||
* Fees that we'd take. We're thinking 1-2%, and we also think you can charge a fair amount more than the cheapest Bitcoins you can buy (which was something like 6-7% above today). | |||
* Open to any other thoughts and ramblings! | |||
=Contacts= | =Contacts= | ||
Revision as of 20:30, 26 June 2013
Email Templates
General
Hi Siddig,
Thanks very much for getting in touch!
It's really just an idea at the moment, but what we're ultimately after is for Bittylicious to go global. Bittylicious as a trading platform in the back end is pretty neat, and works by automatically monitoring bank accounts for the payments, and naturally the front end has all the features (email and phone validation and soon ID validation) as well as various risk controls.
Now the weird bit, that naturally could put you off, is the bank account side of things. Ultimately, for Bittylicious to work the way it does (with low margins), it needs to be able to automatically log into bank accounts to find payments, or possibly for you to run a client (not developed yet) that can search for transactions on our behalf. If you have a suitable one, or can get one in Ireland, then it sounds like we could probably launch a new service for Ireland together. The accounts need to allow for logins without a card reader/token thing, and they are only used on a view-basis (so it's fine if a card reader/token this is required for new transfers).
Regarding the actual Bitcoins that could be sold, our initial simple plan would be for you to send some to Bittylicious and ultimately we direct users to your pay into your bank account and sell them on. There might also be other ways to do this (e.g. splitting a share of profits) but figuring out the details becomes a bit tricky.
I look forward to hearing from you. There are no hard set plans as to how we're going to do this yet, so please let me know your thoughts.
Kind regards,
Marc
Detailed
Things we'd need to think about are:
- Do you think you would need or like the ability to set a price? The system would pick whatever is cheapest at any time.
- From a legal perspective, it makes more sense for the buyer to have an agreement with you, just using Bittylicious as a platform. Does that seem sensible to you?
- Fraud happens, but Bittylicious is designed to stop that as much as possible with various validation methods and maximum amounts that can be purchased. If some kind of fraud notification comes through and your bank decides that a payment needs to be reversed (it can happen) then you'll be the one liable.
- Fees that we'd take. We're thinking 1-2%, and we also think you can charge a fair amount more than the cheapest Bitcoins you can buy (which was something like 6-7% above today).
- Open to any other thoughts and ramblings!
Contacts
Bank accounts - In progress
Bank has security codes from an ID and encrypted Java. Willing to do lookups manually at certain times.
Richard Clark <[email protected]>
Happy to write client for Metrobank. Awaiting update on how work is progressing on this.
Isadu a Nkemi [email protected]
UK based, meets criteria. RBS account - would need to write client but looks feasible. Discussing finer points. Sent followup email 26/06/2013
Siddig Zeidan [email protected]
Interested in offering bank account in Ireland in principle. Awaiting response 24/06/2013
Matt Hopwood [email protected]
Interested from an Australian perspective. Sent followup email 26/06/2013
Karel Anseeuw [email protected]
Belgium trader with Bitcoins and bank accounts. Sent followup email 26/06/2013 He promised to reply evening of 26/06/2013
Mike Silver <[email protected]>
UK, Lloyds. Interested in selling his Bitcoins through his online business. Sent email 26/06/2013
Theo Sauls [email protected]
South African entrepreneur Has account that doesn't require card readers Informed about our plan to have an API Discussing finer points. Sent email 26/06/2013 He'll send an email back on 27/06/2013
Ben Watson <[email protected]>
Has a Halifax account Sent email 26/06/2013
Bank accounts - On hold
Ritchie Hamilton <[email protected]>
Has a Spanish bank account. Could put up BTC. Sent email 26/06/2013 On hold - scared about auto logins.
Miscellaneous useful
Stephen Keane <[email protected]>
Happy to beta test
Guergana Bitcoins <[email protected]>
Interested from a Luxembourg perspective Really just ended up being a chat