Clarification about Entropia banking operations

[slither]

I'm really not in the frame of mind to put anymore though into this bullshit so i'll just copy a post i made in another thread


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The whole statement is 'pro' private loaning with warnings that it's just a trade and then in the last para they call u guys scammers!

This is a obcene.

Everyone knows this type of loan is a trust trade and tradeback. You guys are working within the parmeters of the game design and doing nothing wrong.

MA need to make the banking system so good that this type of trust loan wouldn't even get of the ground, not ban people who use initiative.

This statement just shows how little the bank owners are getting for their money.

[Grounder]

Originally Posted by Constantine

Rather than run around like Chicken Little decrying that MA is being unnecessarily harsh about unauthorized loans, look at it from MA's view:

• An unsecured loan system is begging for complaints.
• When those complaints occur, the only authority anyone can turn to is MA.
• MA will tell them "Sorry, all trades are final."
• Injured party complains publically, may even take their marbles and leave.
• MA doesn't make money when people take their PEDS and leave.

<edited for brevity

Hello,

I'd like to address your list if I may.
1. An unsecured system is a user-be-ware system and based soley on the trust of the ava's is question. However the system is already set up to ensure that the user is aware that no safety exists in trades and that all trades are considered final sales by MA.
2. MA has always been the only authority - no change here.
3. Again - No change
4. This is always an option for players and occurs for other reasons as well. Player turn over (or churn) is common and planed for by MA.
5. Actually MA does make money when players leave. There is a fee for withdrawl of funds.

Grounder

[Constantine]

Originally Posted by Grounder

Hello,

I'd like to address your list if I may.

Grounder

I didn't say there was a change - I think MA realized that a previously virgin market (other than Telik's Loan Service) was going to heat up. Rather than deal with the backlash and possible boot-dropping later, they decided to drop the boot now.

I'll amend my statement by noting that MA earns more by having you play than by having you leave.

[Kyl]

wtf??????

bravo MA bravo!!!

So you don't want to discourage??? LOL



I am discouraged even if i am not "that active" anymore.

pffff.....




wrong move MA, wrong move...

Kyl

[Optima]

With the objective glasses:

1) In real life how easy is it to be allowed to legally borrow money to people unless you are yes... a bank. Private people loaning money to others is not allowed in alot of countries that i know of, but i might be wrong please correct me if so. (Talking "real bank activity" here, not 2 people doing private loans vs security on a friendly basis from time to time)
2) Ma auctioned exclusive 2year banking rights, check the word in the dictionary and then tell me your surprised theyre protecting highend investors.
3) The ACS stocks well have to wait on an official comment from MA on before we know for sure i guess, but they are shares in one of the exclusive banks that ma sold, and unless Anshe and associates turns out to be "morons of the year" i kinda doubt she didnt clear it with MA before setting that deal up... time will tell i guess...

On a personal note:
Im not saying i dont want max competition ingame to get the best deal as a customer using a "service" offered by a bank/private enterprise, nor am i belitteling the amounts or work made by the private entrepeneurs that was trying to get some business going, we need that in EU for sure in general, but what did those that started/was going to start "outside the MA-system" businesses expect? You cant really be surprised now can you...

edit: ... Read a few posts in other threads and HUGE mistake from MA saying it was "ok" then changing it... Missed that before typing first part of post sorry... Please be consistant on your statements MA, this way i can truly see how some have got to be pissed atm... bad form.

[sob]

Originally Posted by Bertha Bot

We do not wish to discourage entrepreneurship within Entropia Universe, but based on experiences from community feedback and support case history, unfortunately not all entrepreneurs offering loaning services are trustworthy members of the Entropia Universe and therefore we need to be strict in our policies in order to protect the community from scams and cheating.

Therefore, any loan services offered outside the approved bank system will be considered by MindArk as scam attempts and the avatar offering such services risk a permanent lockdown of his/her account.

i would rather trust teilk and akoz rather than any of the licensed banks. so if MA tells me that teilk, akoz and cindy are scammers i would also consider the licensed banks a scam.

then again... what do you expect...

i thought all trades was final...
does more money mean more hypocrisy?

why not focus on the REAL scams instead

does this that every single loan outside the banks are considered scamming? id better watch my back next time i ask my team make for 1k ammo then.
where is the line drawn?

nice how MA choose to insult their customers.

[Bear]

"Raider heißt jetzt Twix, sonst ändert sich nix!" .. was a slogan on German TV for the renaming of a product.

A Loan Service is now a "Buy and Sell Service". "We buy your item and gurantie that you can buy it back within 3 weeks. But if you like to buy it, respect that we sell it for 5% more than you sold it to us". This is no Loan Service, its Buy and Sell. All trades are final...

Will MA this call a "Scamm"? If, they better close the auction and ban every single "reseller". Because trading is a scamm now..

[LostInEntropia]

totally crazy, basically from now on everyone who lends out an item for collateral is a scammer. How on earth are you going to seperate between lending, selling or loaning ? And I can understand that those pawnshops have invested money for a license, still you deny thousands of players who put in so much money a secure lending system or item ownership.
Maybe it's just a preview to what chinese democracy is gonna bring us ?

[sob]

and is a pawn service considered the same as a loan service?

[Xen]

So, unapproved loan services are considered scams, but when you loan someone something and don't get it back, it's just a trade - not a scam - and they won't (notice won't is not the same as can't) do shit for you.

What a load of fucking shit.