Quote:
Originally Posted by RawAlex
what you left out in all of this is that the guy in the receiving country has little or no obligation to report the transaction, which effectively happens invisibly outside of the country, allowing webmasters in many countries to avoid a tax burden. This is doubly useful for webmasters who use their "e-wallet" funds to buy other services, as they can then double dip - show the invoice as an expense, and not actually have to show income.
Services such as Paxum, Epass, and the like would not exist if all transactions had to be reported in the receiving country. It would all but eliminate the benefits.
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I hate to disagree but we exist to make money providing a peer to peer service world wide especially for adult transactions and nothing else.
When you are buying a $10 domain or banner the vendor expects the payment upon delivery of the service, a check or wire is not going to be a time/money efficient means to pay. Just like Paypal, we exist because people need instant transfer and paypal doesn't allow adult.