Credit Card to eCash

What would be the problems in setting up a web site to make a
charge to a Credit Card/ATM card number and return Cash, like an ATM for
the net?
	I belive this would be a easy tool to promoat wider use of eCash.
Not everyone wants to go through setting up an account at Mark Twain or
whereever, just the advantages of a more cash like system.  With a few
sites like this around, and hopefully therefore more eCash in the wallets
of the public this could help to add to a critical mass to eCash and so on.
I don't think it would create the critical mass nessary for eCash's
success, but at least another log on the fire.
	anyway...
			myers

Well, theres the 90 days of float from the credit card clearing house,
and then the chance of non-payment.  The fraud issue (steal a credit
card, get $10,000 in e-cash...)

Adam


| 	What would be the problems in setting up a web site to make a
| charge to a Credit Card/ATM card number and return Cash, like an ATM for
| the net?

-- 
"It is seldom that liberty of any kind is lost all at once."
					               -Hume

Myers:

On Sun, 21 Jul 1996, Myers W. Carpenter wrote:

> 	What would be the problems in setting up a web site to make a
> charge to a Credit Card/ATM card number and return Cash, like an ATM for
> the net?

	Eight to ten years, I think.  It is called money laundering.

	AFAIK, that was the major legal hassle, when it was first 
	done. << OK, so it was on a BBS, not the internet.  >>

	Getting people to use it is the other major problem.
	
        xan

        jonathon
        grafolog@netcom.com


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