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Electronic_Payment_Services_Money_Still_Exchanges_Hands_it_Just_does_so_Without_ever_Touching_a_Palm
| Electronic Payment Services: Money Still Exchanges Hands, it Just does so Without ever Touching a Palm
Buying and selling products or services online just got a whole
lot easier. Using only a person's e-mail address, you can pay
for purchases and receive money owed to you without ever
touching an actual green dollar bill. Of course, not touching it
might take some of the fun out of getting paid, but it's still
your money just the same. It's virtual money.
So, you're saying to yourself right about now, "How is this
magical feat performed?" A variety of online payment services
have sprung up to make virtual payment a reality (no pun
intended).
If you need to pay someone or someone needs to pay you all you
need to know is their e-mail address and which service they are
using. If someone sends you money through a service you're not
currently a member of, no problem. You simply register (which is
most always free) and collect your hard earned cash.
Payments are made either by tapping into your offline bank
account or using your credit card. Of course, once enough people
start using this option, your electronic service account balance
will enable you to pay your debts without tapping into your
credit card or bank account. Converting your virtual money to
the real thing is as simple as requesting a check for an amount
not exceeding what's in your account, and a "real" check will
show up at your "real" house in less than a week.
Let's take a look at some of the more popular services and how
they work.
PAYPAL:
https://secure.paypal.x.com/refer/pal=merle%40mcpromotions.com
PayPal, a part of online bank X.com, has got to be the largest
online payment service today. They claim over 3 million
customers to date. Free to register, but business accounts are
charged 1.9% to receive funds.
Payments can be made using Mastercard, Visa or your offline bank
account. They also pay a 5.00 referral bonus for every friend
you get to sign up with them. At this time PayPal does not take
International payments but does have plans to expand into that
arena shortly.
eCOUNT: http://www.ecount.com
Free to register and use. eCount payments can be made with
Discover, Mastercard or Visa. Transactions are limited to
$1,000.00 a day at this time.
YAHOO PAY DIRECT: http://www.paydirect.yahoo.com
Free to register and use, Yahoo allows you to accept payments
with American Express, Discover, Mastercard, or bank
transactions from your existing offline account. They do have a
monthly transaction limit of $1,000.00 for all transactions.
EMONEY MAIL: http://www.emoneymail.com
Boosting over 20,000 users Emoney Mail's service is not free to
use. They charge $1.00 to send money and transactions are
limited to $500.00 a day. The only way to send money is using
your Visa. No Visa, no money for you....that reminds me of an
old Seinfeld episode, but that's another story.
PROPAY: http://www.propay.com
This service charges 3.5% of total, plus .35 to move funds to
your bank account. Transactions are limited to $250.00 a day.
Only two ways to send money with this one; Mastercard or Visa.
One nice perk of this service is they'll pay you $10.00 for
every person you send to them who registers. Not a bad referral
program, if I do say so myself.
BILLPOINT: http://www.billpoint.com
This is E-Bay's service and is the preferred method to use if
buying or selling on their auction site. No registration is
needed for auction buyers to use this service, but sellers must
register and pay .35 per transaction for amounts up to $10.00,
and .35 and 3.5% for transactions over $10.00.
Transactions can be paid using Visa, Mastercard, Discover, or
online check.
As you can see, buying and selling online no longer requires you
to have a merchant account, which levels the playing field for
home based businesses to accept online payments. Many electronic
shopping carts are starting to implement PayPal as a payment
option when checking out of online stores.
Now there's no excuse for not paying your debts on time. You may
not be able to touch it, but believe me, "virtual money" is just
as good as the real thing. Being paid electronically might not
feel the same as someone placing "cold hard cash" in the palm of
your hand, but it's still there: you just won't have to wash
your hands as often.
About the author:
Merle http://www.ezineadauction.com "Where the Best Deals in
Ezine Advertising are Made" Subscribe to Ezine Ad Auction
Authority and be kept up to date on new auctions as they're
added and much more subscribe@ezineadauction.com For advertising
information send mailto:advertise@ezineadauction.c
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