Codenstuff.com

Hello Coders,

As you all know we are going to be adding a new shop feature to the site where you can list and sell your own software and as part of this we are going to be introducing 'cash credits' for those of you who cant use paypal. When selling your software you will be able to use your own paypal account (if you have one) to accept payment directly or (if you dont have paypal) the buyer will need to purchase cash credits which they then use to buy your software and you get the cash credits...

Now the problem is that when accepting payment through paypal they take a fee for example if someone sent me £1.00 through paypal the fee would be about £0.25p so I would only have £0.75p in my account. Theres absolutely nothing anyone can do about the fees that paypal charge so whichever way you do it..even if you accept payment directly to your own paypal account you will be charged a fee by paypal and the fee amount changes depending on how much someone sends you so it will be very hard to judge just how much 1 cash credit should be worth.

So we will have to set a fixed worth per cash credit...effectively each cash credit would be worth GBP £0.75 / USD $1.00 (estimated) .

10 cash credits would be worth GBP £7.50 / USD $11.00
25 cash credits would be worth GBP £18.75 / USD $29.00

What this all means is that if you sell your software for 1 credit you get £0.75/$1.00 everytime someone buys it. Having a fixed cash credit value means that the cash credits value never changes as you pass them around by buying eachothers software. You wont need to worry about calculating how much youve earned etc because it will all be displayed in your credit manager page, you will see how many cash credits you have and how much there worth and you will be able to use them to buy other peoples software or save them up and exchange them for goods/shopping vouchers and things or have them cash value sent to your paypal when you have one.

I just wanted to let you know how it will have to be done and to see what you think cooll;

Just a quick question:
Where/who will the money go to when we buy these credits? Obviously it has to go somewhere. Does it go into your account to be held until someone wants to trade the credits for cash? :?:

Also, though I think this is a great idea, aren't you a bit worried that maybe no one will purchase any credits? Or that members will purposely post high priced items to try to make more credits. Almost $30 for 25 credits doesn't seem like such a great deal to me. IMHO of course. And what about inflation and such? dunnno;

Anyways, if it does all work out, I'll be happy, this seems like a pretty good idea. cooll;

Sincerely,
-2cool4cereal2

Hello 2cool4cereal2,

Yes the payments will be sent to our Codenstuff.com paypal account and when you want to exchange your credits for goods/vouchers we will purchase them for you or if you manage to get a paypal account we will send it to your paypal.

At the moment the idea is that the buyer will pay for your software through paypal and then your account gets X-amount of cash credits added to it..an example would be:

Im a new member and I want to buy your software that your selling for 2 credits but because im a new member I obviously dont have any cash credits so I will have to buy your software through paypal..I make the payment through paypal and I get your software and you get 2 credits added to your account. Its not as complicated as it may sound its virtually identical to the code credit system and the only difference is that cash credits are real money.

The cash credit system is for people who cant use or dont have a paypal account so they still get their money. You may not be old enough to use paypal but that doesnt mean you shouldnt be able to sell your software like everyone else. If you have a paypal account you can get paid to your own paypal and not use cash credits at all.

This is a really great idea and I appreciate it. You're doing a great job for us, codenstuff. Keep it up.

Ok, I understand. I just hope it can all work out without too many problems. Thank you for dedicating your time towards the site. cooll;

Sincerely,
-2cool4cereal2