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Alternatives For Electronic Payment SolutionsCheck free was founded in 1981, but it was not until recently that they offered an electronic payment service. This paypal alternative, known as Check Free Web Billing and Payment, has one main advantage: it maintains your privacy. Unfortunately you can't use credit cards for paying bills. Storm pay was created in 2002, and its objective is to provide instantaneous money transfer between auction and web sellers and the people who buy their products. They don't charge for transactions between Storm pay accounts, but if you use a bank account or credit card you are charged a 3% fee. E count is similar to Paypal. The main difference is the percentage they own of the person to person transfer market. While Paypal is focused in this specific business, E count focuses on corporate accounts. For example, Dell. When you open an E count account, you obtain a debit card, which can be used as a credit card or for electronic check payment processing.
And what about the future? Right now Google is beta testing a new service, Gbuy, with a selected group of online retailers. With it, they want to take a bite to the vast number of customers who use their search tools for selling and buying things. Will they be able to take a share of the market? Most probably, but some analysts say that due to the recent unsuccessful products from Google, it's very probable that Paypal shall maintain its leadership. At least for a while. Wondering which alternative you should use? It is recommended that you evaluate from the spectrum of electronic payment solutions which one adjusts to your needs. Once you have a list of the companies that can help you, then you have to evaluate the costs, level of support and security. Finding a Paypal alternative is not an easy task, but smaller players are always willing to exploit niche markets that the big fish don't reach. Related ArticlesWhat Is A Credit Card Merchant Account And How To Open One?What Is Paypal And Is It Safe To Use Paypal To Accept Payments? What is ACH or Automated Clearing House? What Are Turnkey Ecommerce Solutions And What Do They Comprise of? Phishing A Major Problem In Transaction Processing |
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