http://blog.chipin.com Ecommerce for Web 2.0 Mon, 28 Nov 2011 04:41:36 +0000 hourly 1 http://wordpress.org/?v=3.1 http://blog.chipin.com/tos/comment-page-1/#comment-6512 WANT Experiment, Part III: Saving with Widgets » Radical Congruency Sun, 31 Dec 2006 06:43:56 +0000 http://blog.chipin.com/terms-of-service/#comment-6512 [...] To be clear, I’m not asking others to donate to my campaign - this is simply a savings account for me. If the money were just in my bank account, I’d never save up $5000. Plus, with ChipIn, I can create as many campaigns as I want, for each of the purchases I’m saving for. The bank would not be happy if I opened a dozen savings accounts, but ChipIn doesn’t seem to mind (though by being the only donor, I’m not exactly using the service as intended - though I’m not violating the TOS). ChipIn is clear that they do not see themselves as a bank, nor are they covered by the FDIC: ChipIn is not a banking institution ChipIn processes payment transactions for group events on behalf of customers. ChipIn is not a bank or other chartered depository institution. Funds held by ChipIn or its service providers (including any bank service providers) in connection with the processing of payment transactions are not deposit obligations of customers and are not insured for the benefit of customers by the Federal Deposit Insurance Corporation or any other governmental agency. [...] [...] To be clear, I’m not asking others to donate to my campaign – this is simply a savings account for me. If the money were just in my bank account, I’d never save up $5000. Plus, with ChipIn, I can create as many campaigns as I want, for each of the purchases I’m saving for. The bank would not be happy if I opened a dozen savings accounts, but ChipIn doesn’t seem to mind (though by being the only donor, I’m not exactly using the service as intended – though I’m not violating the TOS). ChipIn is clear that they do not see themselves as a bank, nor are they covered by the FDIC: ChipIn is not a banking institution ChipIn processes payment transactions for group events on behalf of customers. ChipIn is not a bank or other chartered depository institution. Funds held by ChipIn or its service providers (including any bank service providers) in connection with the processing of payment transactions are not deposit obligations of customers and are not insured for the benefit of customers by the Federal Deposit Insurance Corporation or any other governmental agency. [...]

]]>