Payment processing - android, iphone + web.

[QuantumKiwi]

Hi Guys

Thought there would be some knowledge gods in bitcoin here which would have an impressive opinion.

Queries for you; ( cbf with the bs bbcode listing crap sorry )

- Running a payment gateway with redeemable vouchers - Profitable?

- Would you buy vouchers from a retail store? e.g $15 worth of Bitcoin? ( and goes up like itunes vouchers for example )
- Would you rather buy a voucher with a two stage scratchy which reveals the address and private key? or a redeemable code for security and verification of authenticity purposes?

- Government lockdown - Do most countries stop international currencies from being purchased in voucher form?

- What downsides can you see in running a payment provider, with access via android and iphone apps?

- Tax - Researching our local tax laws, I dont see how the tax depo is going to tax us 15% on a 1.5% fee?

any pointers, negative and positive - please do let us know.

Thanks.

[Stephen Gornick]

- Government lockdown - Do most countries stop international currencies from being purchased in voucher form?.

The laws vary so significantly from one jurisdiction to the next.  Add to that how Bitcoin is unlike other forms of stored value.  Since a person holding a bitcoin doesn't have a claim against some other store of value, it may be something that isn't treated like a voucher, and instead is more like a commodity (e.g. silver bullion rounds, for instance).