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Accepting Payments Online: An ECommerce Web Site Overview
There are a seemingly infinite number of choices and configurations to accepting payments online. Choices range from almost total "do it yourself" programming to turnkey packages.You can accept online payments from an ECommerce Web site in two general ...
eCommerce development for Microsoft Great Plains: tools and highlights for programmer
Microsoft Business Solutions Great Plains, former Great Plains Software Dynamics and eEnterprise was designed in earlier 1990th as ERP, which can be easily transferable to the winning Database and OS platform and it was originally available on Mac and PC ...
Ecommerce Web Sites: If You Build It They Will Come - Or Will They?
"If you build it they will come" is one of the memorable lines from the movie "Field of Dreams", one of my favorite movies, by-the-way. An ordinary guy had a dream about building a baseball field in the middle of a cornfield. He carried through with ...
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The right choice for you depends upon your specific business requirements.
1. Merchant Internet Accounts. Pros: Consumers are familiar with credit cards with credit card transactions, consumers don’t have to download and install special plug-in. Credit card sales lends itself to impulse buying.
Cons: Consumers still have concerns regarding providing financial information online. This method does not lend itself well to the purchase of down loadable soft goods, such as software, art, graphics, etc
2. Electronic Cash Transactions Electronic money is an arrangement whereby the customer pays for the merchandise using, well, electronic money. Examples of this are the well known DigiCash, Cyberbucks, CyberCash, etc. Pros No credit card transactions are required. No concerns re charge backs. Lends itself well to micro payments.
Cons Many people are unfamiliar with the concept and shy away from unknown entities. Eliminates the possibility of impulse buying, unless both customer and merchant are already in same scheme. May not be available
globally.
3. Electronic Fund Transfers Funds are transferred electronically from the customer’s bank account to yours. The best known method is the issuing of electronic checks Pros No credit card worries. Available to persons who don’t have credit cards
Cons A very new technology that some perceive as being less secure than other forms of ecommerce. Many customers aren’t set up to issue electronic cheques; time required to make the arrangements eliminates impulse buying. May not be available to international consumers.
4. Telephone Billing Systems A very new approach, telephone transactions allow the customer to purchase an item or service, and the amount is billed to his or her telephone bill. Pros Eliminates worries about credit cards (for both consumer and merchant) Safeguards soft merchandise " no possibility of theft or pirating. Cons Customer is required to download and install a plug-in. currently only available for soft merchandise but can do some limited transactions for hard goods. Currently available for sales using telephone modems and will not work for transactions over cable modems and ISDN lines.
About the author:
For more information on credit card processing,please visit http://www.paynetsystems.com< /a>
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MyBinding.com Joins The Ecommerce MafiaMarketWatch (press release)Even the most experienced and seasoned ecommerce operators are facing a rapidly evolving and changing environment. Our goal is to create a climate where senior executives can communicate with each other efficiently and candidly.and more » |
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Ecommerce: 5 Things You Need To KnowHuffington PostThe ecommerce barrier to entry continues to get lower as more tools pop up to help even the most tech-aversive entrepreneurs go digital. "Almost anybody can set up an online store," says Mark Hayes, head of marketing and public relations at Shopify, ... |
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Ecommerce key to Mothercare transformation planInternetRetailing.netInvestment in ecommerce will be at the heart of a three-year transformation plan designed to take Mothercare back to “acceptable levels of profitability,” the nursery retailer's new chief executive said today. The plan, introduced by Simon Calver in ...and more » |
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