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Date:         Sun, 7 May 2000 15:36:59 -0700
Reply-To:     Steve Schwenk <steve@SYNCRO.ORG>
Sender:       Vanagon Mailing List <vanagon@gerry.vanagon.com>
From:         Steve Schwenk <steve@SYNCRO.ORG>
Subject:      Paypal for list purchases.
Content-Type: text/plain; charset=us-ascii

Just a followup on paypal, it is Sunday and I have received since Friday deposits from six people for the syncro springs...actually, a couple paid in full. What a difference this makes. Now I can go place the order tomorrow. I don't have to wait for checks to clear, blah, blah, blah.

I still think it would be fun to take advantage of the $5 per referral and $5 per sign up deal (it used to be $10...but they now have 15,000 people a day signing up so they cut it back). In theory, we could tap about $8000 from the list if it was perfectly coordinated and everyone signed up and used a referral from a listmember, and it would be entirely legal. They make their money from the interest they get holding the funds. There are over 1,000,000 signed up already, plus they recently raised $100 million!!! in venture capital. They swear they will not charge fees for the service ever...except for merchant accounts once they get that in place. The funds arte not insured like a bank, though. Their incentive to make good any mishaps that might happen is their survivability and the market place. If people do not trust them, they will go down rather quickly.

Anyway, just thought i'd report back for the sticker committee. Get you free money while it lasts! steve


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