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Selling oReserve.com - Online eWallet (Payment Processor like LibertyReserve) UNIQUE SITE!!

Discussion in 'Sites' started by Carsen, Oct 18, 2010.

  1. #1
    Hey guys,

    I am selling an online wallet payment processor similar to LibertyReserve. Funds can come from trusted exchangers or whatever. You can always setup a business account and hold all oReserve legit funds in it and put only the amount out in circulation in regards to the amount in your bank account. Its basically online money, if confused, read the FAQ and take a look at LibertyReserve. This is not a clone script it is unique. It has never been advertised or anything, ads could be added for revenue, or you can implement fees for transactions.

    http://www.oreserve.com

    BIN at $300.00 USD

    Please post your offers here, I accept Google Checkout, Moneybookers, or Alertpay.

    You will receive the domain, a one year SSL, free hosting for 6 months on current server, and all the design/script.

    Regards.
     
    Carsen, Oct 18, 2010 IP
  2. webnovations

    webnovations Well-Known Member

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    #2
    Hi, just a few questions.

    Do you have admin demo for this script?

    Also, why are you selling? Is it because of you're unable to get properly licensed to operate a money transmitting service in the USA (just for the license is roughly $5k per license fee per state and the last I checked, you need to have about 37 states to approve you. If they don't approve your application, you lose the money)

    If you can provide me with a demo, I'll check out the script.
     
    webnovations, Oct 18, 2010 IP
  3. hitboy

    hitboy Well-Known Member

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    #3
    Wow 5k per state that is insane
     
    hitboy, Oct 18, 2010 IP
  4. webnovations

    webnovations Well-Known Member

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    #4
    and that's not even a guarantee that the state will approve you. That's just for the application fee!
     
    webnovations, Oct 18, 2010 IP
  5. hitboy

    hitboy Well-Known Member

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    #5
    Ya that sounds really bad lol I didn't realize it took so much to start a payment processor
     
    hitboy, Oct 18, 2010 IP
  6. Carsen

    Carsen Well-Known Member

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    #6
    You dont need a license for this site/script it doesnt process any financial information. Its all digital/virtual. Depending on how you "fund" or "back" your digital funds you may need something, but from what I know, you dont. There is currently no admin demo, due to security. There is a built in admin panel for users that are admin, it adds an admin tab in the navigation and you can view/edit/delete any and all members. Editing features include anything to do with the user from their balance to PIN numbers, you cannot view passwords and such for security as well.

    If you really want to see the admin panel, send me a PM, and I can send you over some screenshots, everything is working properly and there is no known bugs with the site at all.

    I am selling it, due to loss of interest, I have other priorities and sites I wish to get going and no longer wish to continue oReserve, the site was never advertised as well.
     
    Carsen, Oct 18, 2010 IP
  7. Master Directory

    Master Directory Well-Known Member

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    #7
    is this site site already work?or we still need negotiate with online transaction bank?
     
    Master Directory, Oct 18, 2010 IP
  8. Carsen

    Carsen Well-Known Member

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    #8
    This site is ready to "work", you dont need to do anything with any bank unless you want to. I have admin panel screenshots if interested please PM me.
     
    Carsen, Oct 18, 2010 IP
  9. webnovations

    webnovations Well-Known Member

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    #9
    I'm not going to say anything further because I don't want to ruin your chances of selling your site but you have to be honest so the buyer(s) will know exactly what they are getting into. I'm not saying you're lying but maybe you yourself don't know how this process works. About 8 years ago, our company was going to start a payment processor and had over $300k set aside but after numerous problems, we quickly learned the rules when it comes to money transmitting service. There are many issues besides getting licensed and yes you have to get a license in the USA (especially after 9/11). Failure to comply can lead to heavy fines and JAIL TIME. No bank will touch you. If you don't believe me, call your bank tomorrow and tell them you need to open an account to become an aggregator (you hold the funds and distribute to members) and see what they say. The only way to bypass the banking problem is to get an overseas account but they will charge you above way above 6% so how are you gong to compete? If you don't plan to allow credit cards as an option, then you can avoid the chargeback headaches but then you still have to over come the licensing hurdle.

    Just google " money transmitting license" and learn about it before you jump in blindly. Again, sorry if it sounds like I'm causing trouble but it's just the truth.
     
    webnovations, Oct 19, 2010 IP
    MarcL likes this.
  10. MarcL

    MarcL Notable Member

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    #10
    @webnovations good post, repped.

    A payment processor would be so sweet to own, but it seems this is only a possibility for the rich... as the rich get richer.
     
    MarcL, Oct 19, 2010 IP
  11. Mike Torres

    Mike Torres Greenhorn

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    #11
    Good Evening, My name is mike and I have a Financial payment script , maybe my software can help you for more information www.securepaymentz.us . My app is: https://play.google.com/store/apps/details?id=kennedyit.info.securepaymentz

    // User //
    username: martin
    password: demo1

    // Admin //
    Please ask
     
    Mike Torres, Sep 12, 2016 IP