For a number of years I’ve managed accounts which offer financial services to capsuleers with varying success, this is typically to corporations and overall I’ve made a net profit and it has been a very fun experience. Some of you may well have had business with me in the past, for better or for worse.
A lot of the time offering corporations funds to carry out expeditions comes with very satisfying outcomes, as you can imagine a ‘fuel for the fire’ mentality comes into play and if I don’t get my money back, at least I have some entertainment in return. But I want to expand my operations, and stop hiding behind a trillion alt accounts.
Naturally the obvious problems with financial services in EVE online are:
- Delinquency Rates
- Financial Assessment
- Collections Enforcement
Obviously capsuleers get biomassed, move corporations, stop playing or simply choose not to pay. Part of the fun of running a financial service is that you create genuine motive for collections enforcement, which in turn creates content for capsuleers who like to ‘hunt down’. A similar problem is assessing risk, luckily EVE is rich in information but the hoops I have to jump through to do that limit me to only big-time lending.
Some of the factors that play into my lending criteria are (in no particular order): capsuleer age, social assessment, corporation history, total asset turnover, known lending history, guarantees, offer of security, monthly net income, playtime frequency, character assessment.
I was thinking of developing a website which uses ESI to get limited information for characters/corporations looking to acquire financial products, and by extension build a New Eden credit bureau in the hopes to have some sort of impact on the balance of things.
Therefore I’m very keen to know people’s thoughts - have you ever considered borrowing ISK to fund your operations, have you struggled to find willing entities to lend to you, how comfortable are you for an in-game corporation to collect financial history and would you feel comfortable such a corporation ‘selling’ such information to others?
Feel free to ask me any questions around the service I have been offering, though I should stress this is not an advertisement.