How to build online bank sites similar to Paypal

Discussion in 'General Business' started by anjan88, Jan 15, 2010.

  1. #1
    Can anyone please guide me what all are the things required to start an online money laundering websites like Paypal or Moneybookers?

    what permissions are required for setting up a service like this and whom to access to get all those permissions?

    Any sort of guidance will be entertained.

    Thank you
     
    anjan88, Jan 15, 2010 IP
  2. earnincome

    earnincome Peon

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    #2
    First of all, thinking about payment processor is great. But you need to do lots of work. maintain clients. You have to get money laundering permissions from your country. You need workers to work with you. You need web designers, programmers, security team.

    You need dedicated hosting and you need good security. You need to get good credit card merchant sites. You need to attract new offers to members.

    Also one thing, you must do the work , you have to keep in mind "Why People join my site when they have paypal account" . You have to keep new payment methods than other sites. Low credit card fees will also be good.
     
    earnincome, Jan 15, 2010 IP
  3. Tj John

    Tj John Peon

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    #3
    I agree with earnincome..you need to do alote of work...
     
    Tj John, Jan 15, 2010 IP
  4. toycat

    toycat Well-Known Member

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    #4
    LOTS of work.

    LOTS of registration with your government/bank, and every other countries banks

    Not worth it unless you have some staff and a REAL desire for a payment processor.
     
    toycat, Jan 15, 2010 IP
  5. graphicdesignmanchester

    graphicdesignmanchester Peon

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    #5
    Pay off a politician, bingo.
     
    graphicdesignmanchester, Jan 15, 2010 IP
  6. eXe

    eXe Notable Member

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    #6
    Money laundering? LOL

    If you have to ask you don't need to know :rolleyes:
     
    eXe, Jan 15, 2010 IP
  7. sunpoint

    sunpoint Peon

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    #7
    Hi, anjan88,
    You need a system for what you required. I used to be in your position, gladly, I can say I've found the solution. Hopefully, you will , too.
     
    sunpoint, Jan 15, 2010 IP
  8. abhijit

    abhijit Notable Member

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    #8
    hire some developers and make a script to get money.............virtually...............and then send money...........you need to setup a bank..........then.....................market it to people ...........for use free of cost
     
    abhijit, Jan 16, 2010 IP
  9. mentos

    mentos Prominent Member

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    #9
    First off all,paypal is not a money laundering site.
    If you plan to setup a payment gateway,you need to have at least 1million cash in bank and another 2million for cashflow.
     
    mentos, Jan 16, 2010 IP
  10. w3bmaster

    w3bmaster Notable Member

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    #10
    Hmm do you have several milions ? to invest ?
     
    w3bmaster, Jan 16, 2010 IP