Tuesday, August 11, 2009

ONLINE COMMERCE ENVIRONMENTS

Choosing payment methods


Merchants have traditionally allowed their customers to use a variety of payment methods: cash, credit card, personal check, traveler’s check. Limiting customers to one or two payment methods would likely cost a merchant some business.

Many online merchants offer at least a telephone number to call in an order and a fax number or postal address where customers can send a copy of an order form. Those willing to accept orders online may use one or more payment systems as well as a secure server. The advantage of secure server is that it serves the casual Internet consumer who have a new world wide web browser and a credit card, but has never set up to use any electronic payment or digital money system.

Merchants also offer other payment methods-electronic payment systems or digital money systems generally operate simplest payment method, merchant can enter credit card information directly into a form maintained on a secure server, while still allowing more serious Internet consumer to do business wielding electronic wallet.

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