← Back to context Comment by cedws 2 days ago I don’t know if it defeats the purpose but you could require an upfront, refundable deposit. 8 comments cedws Reply strnisa 2 days ago Requiring money upfront would classify the platform as an e-money institution, which is highly problematic from the legal perspective. jazzyjackson 2 days ago How does tarsnap handle it? I think there's lots of services that bill up front... Isn't it only e-money if you can convert it back to cash? strnisa 2 days ago If you store funds for a specific service that you provide, it's fine. If it's for many services or services provided by others, it's legally problematic. 3 replies → namibj 17 hours ago > Requiring money upfront would classify the platform as an e-money institution, which is highly problematic from the legal perspective.What if you just reserve it on the card? strnisa 17 hours ago Online card holds typically expire in ~7 days (often sooner, depending on the issuer), which is too short for our use case.
strnisa 2 days ago Requiring money upfront would classify the platform as an e-money institution, which is highly problematic from the legal perspective. jazzyjackson 2 days ago How does tarsnap handle it? I think there's lots of services that bill up front... Isn't it only e-money if you can convert it back to cash? strnisa 2 days ago If you store funds for a specific service that you provide, it's fine. If it's for many services or services provided by others, it's legally problematic. 3 replies → namibj 17 hours ago > Requiring money upfront would classify the platform as an e-money institution, which is highly problematic from the legal perspective.What if you just reserve it on the card? strnisa 17 hours ago Online card holds typically expire in ~7 days (often sooner, depending on the issuer), which is too short for our use case.
jazzyjackson 2 days ago How does tarsnap handle it? I think there's lots of services that bill up front... Isn't it only e-money if you can convert it back to cash? strnisa 2 days ago If you store funds for a specific service that you provide, it's fine. If it's for many services or services provided by others, it's legally problematic. 3 replies →
strnisa 2 days ago If you store funds for a specific service that you provide, it's fine. If it's for many services or services provided by others, it's legally problematic. 3 replies →
namibj 17 hours ago > Requiring money upfront would classify the platform as an e-money institution, which is highly problematic from the legal perspective.What if you just reserve it on the card? strnisa 17 hours ago Online card holds typically expire in ~7 days (often sooner, depending on the issuer), which is too short for our use case.
strnisa 17 hours ago Online card holds typically expire in ~7 days (often sooner, depending on the issuer), which is too short for our use case.
Requiring money upfront would classify the platform as an e-money institution, which is highly problematic from the legal perspective.
How does tarsnap handle it? I think there's lots of services that bill up front... Isn't it only e-money if you can convert it back to cash?
If you store funds for a specific service that you provide, it's fine. If it's for many services or services provided by others, it's legally problematic.
3 replies →
> Requiring money upfront would classify the platform as an e-money institution, which is highly problematic from the legal perspective.
What if you just reserve it on the card?
Online card holds typically expire in ~7 days (often sooner, depending on the issuer), which is too short for our use case.