E-Commerce Payment Methods Research Paper Example | Topics and Well Written Essays - 2250 words

E-Commerce Payment Methods - enquiry Paper ExampleContinuous studies reveal that offering alternative methods of paying increase sales because of the incident that, the several options of allowance offered by an electronic store increases the give carelihood for customers to find a mode that suits them best(p) when making a purchase online. This paper will take a research that expounds on electronic commerce payment methods and their affluence on todays world. calling card Me subsequentDifferent mickle have different views regarding some methods of settling debts. Likely, as a shopper, you have used several of the almost ordinary methods of payment . However, when it comes to setting up a Web shop, exactly what does storekeeper require in order providing a choice of modes of payments to his customers? This research asidelines the steps needed to take to incorporate triple popular alternative methods of payment, which include Bill Me Later, Google Checkout, and Pay Pal in to a business . To begin with, Bill Me Later is an optional form of payment the, with reference to the vice president of Bill Me Later, marketing section Vince Talbert, this instrument has more than 3 million users within 700 sites and 300 call centers worldwide. During the interview, Vince Talbert say, this company offers its clients a depress cost compared to credit cards and as surprising as it may sound, it assumes the hazards of fraud for both the merchants and consumers therefore guaranteeing payment for merchants3. Further findings reveal that, Bill Me Later requires a merchant account whereby, a rim extends a credit line to a business so that the business prat accept payment by major credit card. In so doing, if an online merchant finds it necessary to incorporate this method into his site, Vince Talbert said the performance is a straightforward one. When a willing client contacts Bill Me Later, the company representative leads him done the task required to fold the re quisite data into the existing merchant account. After, to get it up and racetrack on a site, the process is two fold. On one end, there is basic HTML take form and on the other, the client needs to fill some merchant processor database work. This research revealed that, this company provides consume code together with promotional messaging and a check out screen that electronic businesses can use while at their sites. The designers the response of Bill Me Later designed it to work just like a response of an authorization card making it easy for merchants to store it in their systems. Bill Me Later is advantageous over its competitors because, according to Vince, Bill Me Later is just as simple as a Master card or Visa card transaction on both the front and rearwards end. Consumers provide a small amount of identification data mainly their date of birth and the furthest four digits of their Social Security number and authorization process take place within three seconds. This m ode of payment has no complications as it only requires merchants to keep their code of response in their guild or fulfillment management system in order for them to be able to generate elimination requests the same way they do in the case of processing a credit card4. Google Check out With Google Checkout, merchants are able to charge the credit cards of their customers and do order tracking via the fulfillment process as well as receive payments of orders in bank account. This research carried a critical rating whereby it found out that, unlike Bill Me later, Google Checkout does not require someone to have a merchant bank account.