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Thread: PaidByCash

  1. 02-15-2008, 04:19 AM #1
    BabyDirect.com is offline Member
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    Default PaidByCash

    Does anybody know anything about PaidByCash? PaidByCash.com

    It seems to be showing up more and more at some sites as payment method.
  2. 02-16-2008, 09:37 AM #2
    ASPDNSF Staff - Jon's Avatar
    ASPDNSF Staff - Jon is offline Senior Member
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    Default

    It's a service by Western Union to allow them to issue a virtual MasterCard number. You don't actually get a plastic card, just the number and CVV code. The customer would use it on your site just like a normal MasterCard transaction.

    I'm leery of all these "virtual MasterCard" programs popping up, like PaidByCash or PayPal Plug-In, as it allows credit card purchases to be made by customers who otherwise are not vetted by the credit approval process. Anyone can now plunk down money, get a virtual credit card, and make purchases at your store with full chargeback protection. What is to prevent them from claiming non-receipt of your package, and filing a chargeback claim? They've got nothing to lose, since they aren't using a real credit card anyway.
    Jon Wolthuis