Crypto-Pal.com Cyrpto Coin Payment Processing At its best!

[BitcoinINV]

 We are a Payment Processor   we process and hold your bytes that you call Crypto-coins. Our service will offer many great services


After dealing with credit card processors merchant banks and things of that nature with bitcoin keys, I decided to try to find something along those lines that would fit into our world.

Crypto Pal

Things you can do,

• Send Member to Member payments INSTANTLY!
  You can send any member a payment instantly with just there Login!
  
• Get Loans

We are working on a loan system that will, be more closed for people looking for a loan with out telling everyone the great Idea!

• Auto bill pay
  You can set payments to pay on every day for 3 years! Set up monthly bill pay with you clients.
  
• Virtual Bitcoin/litecoin Debit Card that can be used with our gateway. Let me go into how this works, The members card pulls the data from the account, The merchants account is credited but not funded until they close that batch of sales.
  I buy GPU for 10 bitcoins I pay with my card, The merchant has fdata instantly, no 6 confirms.
  Physical cards coming TBA
• Investment Clubs, This is a group of like minded people who want to invest in something. It could be someones personal loan to a business.
  Investment club system has been worked out and will work as follows.

A person/persons form a investment club. They decided there terms what they are looking to lend in and the req's for the loan such
I.D., Paystubs or whatever they want. Its your money you choose what you require from the borrower!

After all this has been decided in the group they find an Agent, the agent can be a member of the group or be someone who is not affiliated with the group. The agent gets all this information from the group then searches our private offering sections of our website only visible to Agents. Anyone who is a member of Crypto Pal can make a loan request. The agent then begins work on finding the best fit for the borrower and the group.

Example:

The High Risk Investment Club, has 50BTC they are willing to lend at a minimum of 10% interest. They Hire Agent XY to find a borrower that meets there criteria. The Agent then goes through the system and browses the options, he finds Acme inc producing magic widget's is willing to pay 15% and will provide all I.D needed. The Agent the tells the group he found a loan that pays 15% interest he charges 2.5% and the group will get 12%. ".5% system fee. If the group agree's it is then the agents job to state the terms of the agreement and come up with a contract. " we may have a system implemented for this in the future".
When the group gives the ok the funds are released to the borrower, the borrowers account is then set up with a auto-debit system that will with draw the funds every period.

The agent only gets paid if the loan is repaid! This makes the agents work to get good loans that repay! There is also a agent reference system that allows Groups and Borrowers to rate them.

This all follows the U.S. Investment Club laws. Your club is responsible for complying with the laws!
http://www.sec.gov/investor/pubs/invclub.htm
Quote
When does an investment club have to register the offer and sale of its membership interests with the SEC under the Securities Act of 1933?

Since the Securities Act requires the registration of the offer and sale of most securities, the investment club must first decide if its membership interests are "securities." Generally, a membership interest is a security if it is an "investment contract."

Generally, a membership interest is an investment contract if members invest and expect to make a profit from the entrepreneurial and managerial efforts of others.

If every member in an investment club actively participates in deciding what investments to make, the membership interests in the club would probably not be considered securities. If the club has any passive members, it may be issuing securities.

Sometimes offers and sales of securities do not have to be registered because they are exempt under the law. For example, a non-public offering is exempt.

All of the offering in our system are non-public 

• Purchase By phone Comming soon.

Check the site out

Crypto-pal.com

[ZIGGAP]

I have a few questions for you:

1. Who are you guys?

2. Where are you located

3. History of the company and any predecessor companies.

4. Why are you in this business?

5. Certificate of incorporation and amendments thereto

6. Bylaws and amendments thereto

7. List of jurisdictions in which qualified to do business or otherwise operating within

8. Is this just a standard installation of Cyclos? Who are you using for your back-end processing of these accounts?

9. Are you sure what you're doing is legal without being licensed?

[BitcoinINV]

I have a few questions for you:

1. Who are you guys?

Um, Not hard to find out who I am and what companies I run on here they are in my sigs.....

2. Where are you located

USA

3. History of the company and any predecessor companies.

Like I said in my sigs

4. Why are you in this business?

What kind of question is this? why is anyone in business

5. Certificate of incorporation and amendments thereto

No need I am a sole Prep

6. Bylaws and amendments thereto

Why do you plan on investing?

7. List of jurisdictions in which qualified to do business or otherwise operating

USA, NC


8. Is this just a standard installation of Cyclos? Who are you using for your back-end processing of these accounts?

That is between me and them.

9. Are you sure what you're doing is legal without being licensed?

Nothing illegal about Ewallets.


Now lets get down to brass tacks here what is with these questions Btcquick or Ryan? I understand I opened a business Similar to yours but there is not need to post questions that have easy answers on my post. Most of these things have 0 to do with operations. Also please stop signing up for my websites if  your just going to ask questions you know answers to.

[vite]

Your promoting a debit card, not a credit card

[BitcoinINV]

Your promoting a debit card, not a credit card

Yes but it can be both, That will be explained further as all our system channels are finally tied in.

[BitcoinINV]

Here is a little video on the system
http://www.youtube.com/watch?v=R4nAPAyKRAE&feature=youtu.be

And a way to help further this.
https://bitcointalk.org/index.php?topic=126949.0

[BitcoinINV]

Site updated still working on some great features!

[BitcoinINV]

Name Change Fits better  

Updates
Having Direct Bitcoin Deposits added to they system.
Working on adding links to the site.

Investment club system has been worked out and will work as follows.

A person/persons form a investment club. They decided there terms what they are looking to lend in and the req's for the loan such
I.D., Paystubs or whatever they want. Its your money you choose what you require from the borrower!

After all this has been decided in the group they find an Agent, the agent can be a member of the group or be someone who is not affiliated with the group. The agent gets all this information from the group then searches our private offering sections of our website only visible to Agents. Anyone who is a member of Crypto Pal can make a loan request. The agent then begins work on finding the best fit for the borrower and the group.

Example:

The High Risk Investment Club, has 50BTC they are willing to lend at a minimum of 10% interest. They Hire Agent XY to find a borrower that meets there criteria. The Agent then goes through the system and browses the options, he finds Acme inc producing magic widget's is willing to pay 15% and will provide all I.D needed. The Agent the tells the group he found a loan that pays 15% interest he charges 2.5% and the group will get 12%. ".5% system fee. If the group agree's it is then the agents job to state the terms of the agreement and come up with a contract. " we may have a system implemented for this in the future".
When the group gives the ok the funds are released to the borrower, the borrowers account is then set up with a auto-debit system that will with draw the funds every period.

The agent only gets paid if the loan is repaid! This makes the agents work to get good loans that repay! There is also a agent reference system that allows Groups and Borrowers to rate them.

This all follows the U.S. Investment Club laws. Your club is responsible for complying with the laws!
http://www.sec.gov/investor/pubs/invclub.htm

When does an investment club have to register the offer and sale of its membership interests with the SEC under the Securities Act of 1933?

Since the Securities Act requires the registration of the offer and sale of most securities, the investment club must first decide if its membership interests are "securities." Generally, a membership interest is a security if it is an "investment contract."

Generally, a membership interest is an investment contract if members invest and expect to make a profit from the entrepreneurial and managerial efforts of others.

If every member in an investment club actively participates in deciding what investments to make, the membership interests in the club would probably not be considered securities. If the club has any passive members, it may be issuing securities.

Sometimes offers and sales of securities do not have to be registered because they are exempt under the law. For example, a non-public offering is exempt.

All of the offering in our system are non-public 

[guruvan]

hmm. A payment processor with "pal" in the name? Seems like you're asking for a trademark infringement suit.  god knows if you tried to put out "McCrypto" McDonalds would sue you, as would Facebook if you tried to make CryptoBook or FaceCoin.

Also, are you registered as a Money Services Business? Clearly some of the services you intend to offer (debit cards) will require you to be registered (as an MSB).

Maybe it's just me, but it seems the isn't well planned out with the assistance of the appropriate attorneys. (if it was, you'd know if your "investment club" was creating or selling securities or not)

[BitcoinINV]

Paypal perfect example glad you brought it up....
http://en.wikipedia.org/wiki/PayPal

Peter Thiel, the founder of PayPal, has stated that PayPal is not a bank because it does not engage in fractional-reserve banking.[56] Rather, PayPal's funds that have not been disbursed are kept in commercial interest-bearing checking accounts.[57]
In the United States, PayPal is licensed as a money transmitter on a state-by-state basis.[58] PayPal is not classified as a bank in the United States, though the company is subject to some of the rules and regulations governing the financial industry including Regulation E consumer protections and the USA PATRIOT Act.[59]
In 2007, PayPal Europe was granted a Luxembourg banking license, which, under European Union law, allows it to conduct banking business throughout the EU.[60] It is therefore regulated as a bank by Luxembourg's banking supervisory authority, the Commission de Surveillance du Secteur Financier (CSSF).[61][62][63]
In Australia, PayPal is licensed as an Authorised Deposit-taking Institution (ADI) and is thus subject to Australian banking laws and regulations.[64]

I am not bank accounts with my system as of now, this blocks all the regulations under which pay-pal is governed.
If you think they can claim any word with Pal in it well I will let other people judge you for that.
A virtual debit card is just a code with a pin.... just like a login name with a password.
Paypal is a money transmitter cause they
1) Take and make deposits from Banks
2) Offer Prepaid Credit Cards

I do have a attorney, I talk to him every other day about my other business. Who do you think pointed out what makes it legal and what does not. Kinda like if you break into a house during the day its breaking and entering, but at night it makes you a Burgler and a higher Class felony.
But if you have a J.D. I would be happy to hire another lawyer.
bitpay.... paypal, Paysius.... Paypal.  Two very common words but anyone would know that.

I love all these Sea-lawyers