- From: Manu Sporny <msporny@digitalbazaar.com>
- Date: Tue, 29 Jul 2014 23:19:08 -0400
- To: public-webpayments@w3.org
On 07/22/2014 08:50 AM, Joseph Potvin wrote: > RE: Use Case: A merchant advertises different details, such as price, > for an offer of sale based on potential payment processor choice. > > I wish to ask if the "value-in-exchange benchmarking" issue I > presented about in Paris is intended to be incorporated in this use > case, or is benchmarking elsewhere and I haven't noticed? The value-in-exchange benchmarking issue was deemed to be out of scope for the first iteration (and is something that could be implemented by payment processors w/o it being mandated via a specification). We don't know if it's a good technical design to mandate it in the specification because we can't really police it via technology. It's a policy decision, not a technological one. I've added the use case you mentioned back into the list for further discussion: > Use Case: Payee and payers negotiate secure price in an open market. > They are free to choose all three essential attributes of the > numeric quantity expressing a price (e.g. 10.99), namely: a > unit-of-account (e.g. $ £ € ¥ etc.); a medium-of-exchange (e.g. > debit card, credit card, web payment etc.); and, a value-in-exchange > benchmark (e.g. WM Reuters Spot Exchange; Purchasing Power Parity; > Commodity Index; etc.) It's already agreed that we will support listing the unit-of-account, and medium-of-exchange. I guess we could also support value-in-exchange by providing an index URL along w/ the price of the good... so the way one /could/ list items for sale is: "payee": [{ "id": "http://example.com/articles/1#offer-payee", "type": "Payee", "currency": "USD", *** "priceBenchmark": "https://reduters.com/spot-exchange-rates", "destination": "https://payswarm.example.com/i/bob/accounts/primary", "rate": "0.05", "rateType": "FlatAmount", "comment": "Payment for PaySwarm in Practice by Digital Bazaar." }], We'll discuss in more detail on tomorrows call. Who sets the value-in-exchange benchmark? The payer or the payee? -- manu -- Manu Sporny (skype: msporny, twitter: manusporny, G+: +Manu Sporny) Founder/CEO - Digital Bazaar, Inc. blog: The Marathonic Dawn of Web Payments http://manu.sporny.org/2014/dawn-of-web-payments/
Received on Wednesday, 30 July 2014 03:19:38 UTC