- Get link
- Other Apps
- Get link
- Other Apps
Irrespective of the payment mechanism used, there are four key factors to consider at the outset when reviewing the possible options. These are:
- Acceptability: the payment system selected must be widely accepted by, and acceptable to merchants, thereby ensuring that the sale is processed without delay;
- Ease of integration: the website interface that is used by the user to input the payment details must be effective and integrated into the total network environment;
- Customer base: there must be enough users of the chosen payment system, and enough subsequent traffic, to justify the investment;
- Ease of use and ease of access: the payment system should be as easy to use and understand as possible, so that it caters for all potential levels of users.
- Writing Your Own Interface
- Merchant Services
- Third Party Merchant Services
- Digital Cash
- Ecash
- Micropayments
- Purchasing Cards
- eCheques
- PayPal
E-payment methods:
- Electronic payment cards (credit, debit, charge)
- Virtual credit card
- E-wallets ( or e-purse)
- Smart cards
- Electronic cash
- Wireless payments
- Stored-value card payments
- Loyalty cards
- Person-to-person payment methods
- Payments made electronically at kiosks
Other method used primarily for B2B payments:
- Electronic checks
- Purchasing cards
- Electronic letter of credit
- Electronic funds transfer (EFT)
- Electronic benefits transfer (EBT)
- E-lines of credit
Applications of smart card
- Loyalty cards
- Financial applications
- Information technology cards
- Health and social welfare information cards
- Transportation
- Identification
Customer Confidence
One of the major problems that eCommerce has encountered in terms of end-user acceptance is the perception that many sites are insecure and the credit card detail of their customers are likely to be intercepted by hackers.
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