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Subject:Paypal for list purchases.
From:Steve Schwenk
Date:Sun, 7 May 2000 15:36:59 -0700

Just a followup on paypal, it is Sunday
and I have received since Friday
deposits from six people for the syncro
springs...actually, a couple paid in
full.  What a difference this makes.
Now I can go place the order tomorrow.
I don't have to wait for checks to
clear, blah, blah, blah.

I still think it would be fun to take
advantage of the $5 per referral and $5
per sign up deal (it used to be
$10...but they now have 15,000 people a
day signing up so they cut it back).  In
theory, we could tap about $8000 from
the list if it was perfectly coordinated
and everyone signed up and used a
referral from a listmember, and it would
be entirely legal.  They make their
money from the interest they get holding
the funds.  There are over 1,000,000
signed up already, plus they recently
raised $100 million!!! in venture
capital.  They swear they will not
charge fees for the service
ever...except for merchant accounts once
they get that in place.  The funds arte
not insured like a bank, though.  Their
incentive to make good any mishaps that
might happen is their survivability and
the market place.  If people do not
trust them, they will go down rather
quickly.

Anyway, just thought i'd report back for
the sticker committee.  Get you free
money while it lasts!
steve