New Service Idea

Re: [spiers] New Service Idea


On Wed, 10 May 2006 21:52:37 -0700, Paul Snyder
wrote :

> But let's say your approach is pitched to the customer. Why would
> she take a bundle of 10 currencies to the bank, put it in my drop box
> and wait for me to come in and exchange it then make the EFT back to
> her in a day or two minus 10% service fee, when she could just have
> the bank exchange it on the spot and put it in her account without my
> royalty fee?

***a "drop box' is an envelope that goes thru the bank mail to a particular
location, your box.
Waiting for money from transactions, banks and such, is part of the cashless
society
structure, so i don't see a problem there. The retailer experiences no
'service fee" siince you
nailed the customer already on the exchange rate. The branches of a bank that
will exchange
currency are few... the lines are long, get behind someone changiing more than
$10,000 and
you might as well put in for a change of address cuz you ain't going anywhere.

And a thought occurs, you may in fact never be exchanging these foreign
currencies, you may
find backers that wish you to just accumulate foreign currency, here in USA.

John

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