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The changing scenario of pastic money & ecurrency with 3-in-1 mix of style, convenience & value..

August 17th, 2008 · 2 Comments

The Future of buying online using Plastic Money is getting sweeter with 3-in-1 mix of style, convenience & value.

Buyers are viewing credit cards as lifestyle enhancers that contribute to value buying, saving time while increasing their market reach right from their computer desk. And credit card variations such as virtual credit card, electronic purse and online debit cards are there adding promise to extend the use of credit cards to global markets.

Paypal, Alertpay, Worldpay, eGold & Moneybookers have become a global ecurrency. But if your business involves higher volume transactions to accept major credit cards from customers, businesses need to establish merchant status with credit card companies to accept payments from customers using their Credit Card. Merchant services increase customer confidence and boost sales immediately. Merchant services cater to the need of every business for online or offline sales.

The main methods of accepting credit cards are via a credit card terminal, internet virtual terminal & phone. Offering Credit card payments has becoming necessary for boosting sales. The statistics of online payments by credit cards shows that credit card card have become an acceptable mode of payment by customers & this trend is likely to increase in future with more secure software & infrastructure for making payments.

As credit card use grows in the real world, plastic money is already dominating the online shopping. This breakdown of how people pay for online purchases is an indicator that credit cards are the key to the fast growing e-commerce in the new global economy.

Credit card online - 83%

Check mailed - 10%

Credit card via phone - 3%

Credit card via mail - 1%

Other method - 3%

Paying with plastic is becoming increasingly popular for even routine bills such as mortgage and electricity.

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Popularity: 13% [?]

Tags: Business · Credit Cards · Finance · b2b · ecommerce · entrepreneur

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