Quote from: chennan on February 01, 2016, 05:31:53 AM

Quote from: ali97hakim on January 31, 2016, 04:21:51 PM

Quote from: Glucose on January 31, 2016, 12:35:54 PM

Quote from: ali97hakim on January 31, 2016, 04:12:45 AM

3). For security purposes I am thinking of handling all orders manually from my cold storage vault and delivering within 24 hours, thoughts?

Seems good to me. The exchange I'm using delivers bitcoins twice a day. To me it never has been a problem. Be sure to create a FAQ on your future website with the withdrawal timing question.

Quote from: ali97hakim on January 31, 2016, 04:12:45 AM

4). I obviously don't know everything at the moment, so what major problems should I look out for when it comes to this?

5). What are your overall thoughts & concerns about this idea?

This kind of service could be really of good use for the community. I guess there is a lot of demand for this.

I guess your main problem will be to face chargeback (even on this forum a lot of people are "selling" credit card numbers), etc... It's quite a scammy situation for your project.

Second one is to be sure the security of your website is good enough. No body wants to give credit card informations and you will probably soon or later face hack attempts / DDOS attempts.

Be sure to find a law specialist before launching your project. You have to be sure of the tax your service will have to pay & think about a SIG campaign when you will launch your service. It will only work if enough people use it.

This seems this is going to be quite an expensive startup, I am thinking of offering cash deposit payments & wire transfers. Because they are secure & and I can send bitcoin orders out quicker too because I would just have to verify the deposit in my bank account.

I could see a massive use for a site like this, if you were to implement an easy system of using a prepaid card. This could essentially cut out the need for Bitcoin ATM's, because someone could go to a store that sells these prepaid cards, pay in cash, and then use that card to buy bitcoins using your website.

I'm sure there is something that will keep you from doing this, but in my mind right now it seems like this would be VERY good for anyone who wants to purchase bitcoins using cash.

Edit: plus it will allow a sort of anonymity aspect of buying since you aren't directing your banks debit card to the website that could link to personal information. As long as you can find a way around laws, I think you would be very successful if everything goes well.

Using Prepaid card is also a good option for buying bitcoins through your site, because in cash transaction and wire transfers you have check with the law and Taxation problems because when you get payment through other countrys then forex charges will also be their and you have to check the foreign money law , if not that you can get problem in foreign money exchange law.