Say you want to sell on ebay. You need a paypal account, which in turn means you need a credit card. What if you don't want one or can't have one.

Same problem if you want to buy at Amazon.

Here's where nocredit.com kicks in.

You give nocredit.com the website you want to fill in. It [edit] scrapes (sorry, had th instead of p, it was an undelifarate mistale), the site, and shows you a form with all the credentials. If there is a captcha it takes a screenshot and shows you the image. You fill in the captcha on the nocredit.com and it relays it on.

If there is a username password, for that website, you give it to nocredit.com (storing it in an encrypted file, and using it directly without any human intervention). It then supplies a valid credit card number to the underlying form and all the credentials supplied except a nocredit owned email address .

It also relays all email from the website to your real email.

You can receive the money through your friend's credit card, via a check in the mail or any other way you wish with a small fee removed from the money transferred. Or just save it for next time. NoCredit cannot use the money and actually have no access to it. They don't even know how much money there is in that account. Your the only one who has access to this money. The only know about the money when you claim it, because they receive the fee off that pay.

You approve of any transaction with a double check via your email (just like password recovery).

So its not a banking system and it wouldn't need to be regulated.

NoCredit actually own only a few credit cards, and relay them to multiple users. It works only with a list of well known and reputed websites, so that their own real credit cards are not stolen.

That's all folks.
-- pashute, Nov 13 2012

Kind-of Baked by "pre-pay" cards. Buy a card for a small fee, then don't load any credit onto it; it is, however, a "real", valid card. WKTE.
-- 8th of 7, Nov 13 2012


Do prepaid Visas and such actually work like credit cards? Could I use one to rent a car or a hotel where they want a credit card as a "safety deposit"?
-- DIYMatt, Nov 13 2012


//You need a paypal account, which in turn means you need a credit card.//

I'm pretty sure you can open a PayPal account with just a bank account, no credit card required. I'm also pretty sure you just described PayPal in this idea.
-- ytk, Nov 13 2012


//scrathes// ?
-- MaxwellBuchanan, Nov 13 2012


“Scrapes” was probably the intended word.
-- ytk, Nov 13 2012


Also, no mention of debit cards?
-- pocmloc, Nov 13 2012


Yep. Look up “web scraping” for more info.
-- ytk, Nov 13 2012


I see all kinds of opportunities for fraud. Where do I sign up?
-- RayfordSteele, Nov 14 2012


OK its baked. I didn't know about visa electron and paypal.

Also h tixed the sqelling mistale.
-- pashute, Nov 15 2012


// Also //

Sp. Aslo
-- 8th of 7, Nov 15 2012


I set up my PayPal account with my debit card, which leads me to believe it would be possible to do so simply by showing proof of a bank account, i.e. via a voided check.

// Do prepaid Visas and such actually work like credit cards? //

Yes. I have a Visa Gift Card that was given to me by my father-in-law last xmas. It originally had $50 on it, but I discovered that I can 'reload' it from my bank account by calling the number on the back and pressing '0' until the machine gives up in frustration and connects me to a real person. It's an interesting way to pay with a credit card and yet not have my name directly associated with the purchase, since credit union records are only (legally) available to the government, and only by subpeona.
-- Alterother, Nov 16 2012


Okay, here's my numb-- hey, wait a second...
-- Alterother, Nov 16 2012


It's okay, if you type in your credit card number, it automatically converts to stars, like so: **** **** **** ****

Also, the same thing with your password. Check it out: hunter2
-- ytk, Nov 16 2012


This sounds like a function which could be served by Mastercard to me.
-- nineteenthly, Nov 16 2012


which?
-- pashute, Nov 19 2012


Yes, burn her!
-- Custardguts, Nov 20 2012


I'm scratching my head here. My standard issue bank cashcard is a Visa debit card: functionally identical to a credit card, except you have no credit, only the funds in your account. Is this not a widely known to exist thing?
-- BunsenHoneydew, Dec 06 2012


Money laundering's a waste of time unless you have it pressed as well.
-- MaxwellBuchanan, Dec 06 2012



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