[Zenst]

Would be prudent and indeed consumer friendly if you where to go thru those TOS the banks have in conjunction with your own and provide a simple at a glance list of liability/impact. Reassure people that way and shows, you care and thought this thru beyond saying we recommend reading this and that as people are wary and equally might not understand it.

Sure would take time and some effort, but would certainly return well for such an effort and as said, people would appreciate that greatly, so can only help you and your business.

[EpicEng]

They'd likely be opening themselves up to huge liability if they did that though.

[diggernet]

Far better to leave their users open to huge liability instead, eh?

[EpicEng]

From a business perspective? Yes. If you go out of business it's game over, and it's unreasonable to expect them to provide legal advice.

That said, I don't think the business model on display here is tenable at all and I don't think it will be successful. I certainly wouldn't sign on for this, way too risky.

[resf]

On the other hand, if the only way you can stay in business is by deceiving your own customers, what you are running is a scam.

[EpicEng]

I wouldn't say they're being deceptive. I don't see them making guarantees, and their ToS is as clear as it is scary.

[ddalex]

But they wrote in their TOS that they are not liable....