So, what’s the Loophole?
Ah yes, the “loophole” I mentioned earlier.
As with any “closed system”, people often figure out a way to get what they want. This isn’t intended to put ideas in anyone’s head, but, PayBox doesn’t have any rules against doing this yet. (I hear that would only happen if it becomes a problem).
The idea is simple really. The key is person-to-person transactions. Once those come online, it would allow you to get money in and out of your PayBox account without it ever leaving the “closed box”.
Here’s one way it could work:
* Let’s say you have $500 in your PayBox account and you want to “withdraw” $250 of it.
* Once person-to-person transactions are available, you could just find someone who wants to add $250 to their PayBox balance.
* That person would just pay you $250 using some outside payment method. It could be PayPal, cash, or whatever you agree on.
* Then, after receiving your “outside” payment, you would transfer the $250 within PayBox from your account to the buyer’s.
Such an arrangement would allow you to “withdraw” from your PayBox account without the money ever leaving the “closed box”.
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