Washboard.co (Quarters for Laundry) shuts down
washboard.co
Washboard.co (Quarters for Laundry) shuts down
1–10 of 13 posts
Re: Washboard.co (Quarters for Laundry) shuts down
#2We'd be happy to help at knoxpayments.com - plus your margin would go way up at $0.18 per payment - tommy@knoxpayments.com if anyone wants to reach out.
Edit: I realize that they don't want to do the work of integrating a new gateway. I'm not sure the headline "due to payment processor problems" holds up if simply switching processors was somehow off the table.
Re: Washboard.co (Quarters for Laundry) shuts down
#3Doesn't really mention what it was specifically that was against the terms of service for the different providers. I can venture a guess and say that you are providing people cash from a purchase on credit card (sort of like an ATM but, allowing people to use their credit cards instead of debit cards).
Re: Washboard.co (Quarters for Laundry) shuts down
#4FWIW, I didn't think it was ridiculous.
However, I'm a little surprised that switching payment processors would be ridiculous.
Re: Washboard.co (Quarters for Laundry) shuts down
#5I'm surprised there was a big demand for this service. Most (all?) laundromats, car washes, other "coin-op" services already have change machines. Many that I've used also take credit cards. Heck even the Coke machine in my office takes credit cards.
Re: Washboard.co (Quarters for Laundry) shuts down
#6Doesn't really mention what it was specifically that was against the terms of service for the different providers. I can venture a guess and say that you are providing people cash from a purchase on credit card (sort of like an ATM but, allowing people to use their credit cards instead of debit cards).
Most "coin-op" services I've seen that take credit cards issue tokens instead of real quarters. I guess that is why.
Re: Washboard.co (Quarters for Laundry) shuts down
#7Doesn't really mention what it was specifically that was against the terms of service for the different providers. I can venture a guess and say that you are providing people cash from a purchase on credit card (sort of like an ATM but, allowing people to use their credit cards instead of debit cards).
You used to be able to buy bags of coins from the US Mint at cost using a credit card. Some clever folk would continuously buy coins on their credit card then turn around and deposit them in their bank to immediately pay off the credit card bill. They did this to rack up airline miles or something like that. That is why you can't buy money at cost with a credit card.
Re: Washboard.co (Quarters for Laundry) shuts down
#8In retrospect this might literally be money laundering.
Re: Washboard.co (Quarters for Laundry) shuts down
#9I'm surprised there was a big demand for this service. Most (all?) laundromats, car washes, other "coin-op" services already have change machines. Many that I've used also take credit cards. Heck even the Coke machine in my office takes credit cards.
I have coin laundry in my apartment building. Once every month or two I go down to the closest laundromat with 2 twenties and walk back with forty dollars of quarters jangling around my pockets. I may be abusing the laundromat for their coin machine, but it works.
Re: Washboard.co (Quarters for Laundry) shuts down
#10> On June 19th 2014 I decided I was just going to launch it and see what happened.
11 total days in business - that defines 'fail fast'.