Creating a service like Paypal, for Local ?

Discussion in 'Payment Processing' started by Chaibim, Sep 13, 2013.

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  1. #1
    Hello,

    I am aiming in creating a new payment processing service in Tunisia, where we've got none of those services. As a start, I would simply create an escrow system, where people deposit money and then receive their goods (physical or digital), then integrating it in major companies. What I want to ask about, is by entering my personal name in TOS and in all forms in the website, am I able to act as an insurrance service provider (to deliever) between two persons (legally talking) without a need for a certified business nor declaring it to legal parts?

    Thanks
     
    Chaibim, Sep 13, 2013 IP
  2. ayeronnie

    ayeronnie Active Member

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    #2
    Sure you already know this, but you really should talk to a lawyer if your serious. I wouldn't even attempt anything like that without complete legal protection.
     
    ayeronnie, Sep 13, 2013 IP
  3. fare

    fare Well-Known Member

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    #3
    That would depend on your local law, but as mentioned you should consult a lawyer and get legal protection. Protect yourself first before protecting others.
     
    fare, Sep 14, 2013 IP
  4. danyalsadd

    danyalsadd Well-Known Member

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    #4
    Every country has its own laws and in such a service I think you need A REGISTERED COMPANY 1st and as mentioned above you need a lawyer to handle all the legal stuff for you , this is not like starting a blog where you think of it and do it and nobody asks, its serious business and you might face alot of problems if you dont take it seriously
     
    danyalsadd, Sep 15, 2013 IP