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Space The Almighty Buck Idle

PayPal Spaces Out With Paypal Galactic 60

Posted by samzenpus
from the in-space-no-one-can-take-your-payment dept.
sl4shd0rk writes "Presuming aliens won't have terrible Ebay experiences, PayPal means to position themselves to take on payments in the cosmos: 'With our fifteen years of experience in global online payments, PayPal has a unique perspective to speak to the possibilities of an interplanetary economy.' Apparently, Paypal is taking up bedmates with Virgin Galatic along with Buzz Aldrin and the SETI Institute to allow you to 'explore the possibilities of travel' as well as tourism and commerce."
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PayPal Spaces Out With Paypal Galactic

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  • by Anonymous Coward

    I hope they don't get their account limited in mid flight... that would make returning to home planet quite difficult since getting your account out of limited mode is near impossible.

    • by Shark (78448)

      They might make an exception... Given how much they screw you over per transaction (especially with the exchange rate), doing so on a $70M space-tourist invoice sure would net them a neat bundle.

    • by Jonah Hex (651948)
      They will outsource their customer service to an exoplanet, meaning several light years between contact and response. - HEX
  • This will mean even more spam from them. They already relentlessly spam me about some approval for pay later (i.e. my charges are a loan), next they'll be bugging me about how and where I can spend my SpaceBucks (and borrow from them, in the form of a loan).

  • by fuzzyfuzzyfungus (1223518) on Thursday June 27, 2013 @07:27PM (#44127859) Journal

    How long before advanced aliens experience Paypal's "customer service" and decide to annihilate us all? It'd be hard to blame them.

    • ...annihilate us all

      Before that happens we can dispatch Jeff Goldblum with a Sony CD to install a rootkit in their mothership. If that fails, we can have AT&T add executive bonus recovery charges to their wireless bills so they can't afford dark matter pellets to power their planet killer. Corporate excess saves humanity!

    • "How long before advanced aliens experience Paypal's "customer service" and decide to annihilate us all?"

      Hahaha! It would indeed be hard to blame them.

      In all honesty, this just seems to me like an excuse of a way to get their paws on really big-ticket payments.

    • Are you kidding me? Just imagine what advances will come to mankind when one alien orders from another alien on ebay and paypal keeps both the item and money when there's a "dispute".
  • by multiben (1916126) on Thursday June 27, 2013 @07:28PM (#44127881)
    Finally. I'm fairly sure that the only thing holding us back from colonising space is a means of buying things over the internet.
  • by hawguy (1600213) on Thursday June 27, 2013 @07:33PM (#44127919)

    This raises more question than it answers. If I sell a Superman Collectible action figure on eBay to someone on Exoplanet Kepler-74 b [findthedata.org], will I earn any interest on the money during the 4300 years it will take for his payment to reach me? Will Paypal freeze the funds for the 4300+ years it will take for me to ship it to him (it could even be a few days longer if I don't use express shipping). What kind of transaction fees will there be for interstellar payments?

    These are the questions I want to see answered before I get excited about this... this has the potential to really open up the interstellar market since securing payment has been the biggest stumbling block.

  • Ha! (Score:4, Insightful)

    by SammyRenard (2965729) on Thursday June 27, 2013 @07:54PM (#44128069) Homepage
    It takes paypal nearly two weeks to transfer money from a bank account in canada to my paypal account, sometimes three weeks. If they think they'll suddenly do better in space...
    • by osu-neko (2604)

      It takes paypal nearly two weeks to transfer money from a bank account in canada to my paypal account, sometimes three weeks. If they think they'll suddenly do better in space...

      Well, they're obviously envisioning a future in which space is populated by humans. Unlike Canada...

  • You wanted to take your family to space? Aww too bad it appears that in 2004 you made too much money so we locked your account'
  • by Anonymous Coward

    Using bitcoins in this kind of situation would work fine. The high latency to well connected nodes means you might need to wait a bit longer for verification to avoid double spend attacks, but there is no surprise there. There is no getting around the problem of someone trying to spend the same digital currency in 1 places at the same time other than waiting a bit.

  • ... the Ferengi.

  • Space travel will require very dense energy sources. So, it is logical that when we get to the point of space currency being a real issue, the equivalent of a barrel of oil will probably fit in your pocket. Seriously, though, when we've got robots designing and building even better robots, energy will be the only thing that matters... especially if we are flooding the market with whole new planets of real estate.
  • In fact there are three freely convertible currencies in the Galaxy, but none of them count. The Altairian Dollar has recently collapsed, the Flainian Pobble Bead is only exchangeable for other Flainian Pobble Beads, and the Triganic Pu has its own very special problems. Its exchange rate of eight Ningis to one Pu is simple enough, but since a Ningi is a triangular rubber coin six thousand eight hundred miles along each side, no one has ever collected enough to own one Pu. Ningis are not negotiable currency, because the Galactibanks refuse to deal in fiddling small change. From this basic premise it is very simple to prove that the Galactibanks are also the product of a deranged imagination.

    Hitchhikers Guide to the Galaxy - Douglas Adams

    • the Flainian Pobble Bead is only exchangeable for other Flainian Pobble Beads

      Just like the Dollar after Nixon "forgot" the Bretton Woods agreement, and, in its wake all the other currencies based on the gold value of the Dollar.

  • Highlights from the bottom of the PayPal Galactic page:

    @Stratocumulus: RT @lbillin: #paypalgalactic Incur debt in space! Paypal wants to help http://t.co/cqVsVyCy0B [t.co]

    @JodyYeoh: I visited space and all I got was a probe. #PayPalGalactic

  • I'll be looking forward to paying my eBay purchases with Galatic Credits :)
  • Used only once on Omicron Persie 8, Reactor still holds 80% charge, rarely tries to go critical. Scratches from holster on the sides.

    AS-IS only ships to verified Paypal planets.

  • by Brucelet (1857158) on Friday June 28, 2013 @11:35AM (#44132771)
    I have no idea what this is doing once you strip out all the buzzwords
  • "Apparently, Paypal is taking up bedmates with Virgin Galatic along with Buzz Aldrin and the SETI Institute"

    Adam's Rule of Thumb for judging space based projects: "If it's backed by Neil Armstrong it's probably an important and desirable project. If it's backed by Buzz Aldrin it's probably garbage."

I find you lack of faith in the forth dithturbing. - Darse ("Darth") Vader

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