Investment & Financial Articles
Title: "Who Needs Cash When There's Electronic Money!"
Author: Merle
Article:
It's a new world. Gone are the days of writing paper checks and
entering credit card numbers. Now with the click of a mouse you
can pay anyone anywhere, anytime, or you can receive payments
yourself without a merchant account. All you need is the right
service and an email address.
There are so many "electronic payment" services on the Net
today, if you're not taking advantage of them you're missing out
on a fast, simple way to move money around. If you're selling
products or services online, adding one or more of these payment
processes to your site will give your visitors more options and
possibly result in more sales for you.
Let's examine some of the Top Players a little more closely:
1) PayPal http://www.PayPal.com
PayPal has to be the most popular of the payment services
available by far. They offer three different account types:
Personal, which has a limit of 100.00 per month in credit card
payments; Premier, for those in need of high transactions (which
means you need to accept a large number of credit card
payments); and Business accounts, which are intended for
business use only. A business account includes the ability to
accept payment from your website and use of PayPal's shopping
cart along with your own ATM/Debit card which allows you to
access your funds at any local bank or use the debit card like a
credit card at any store.
Fees: For Premier accounts these are 2.2% of each transaction
plus $.30. Business users pay 2.9% per transaction plus $.30.
There are no transaction fees for personal accounts. They do
allow International payments for some countries; check the site
for details.
2) BidPay: http://www.BidPay.com
Owned by Western Union and devised to make paying for online
auctions easier. Basically, when you open an account with them
you purchase money orders that they send out to pay for any
auctions you may have won. Cannot handle transactions over
$700.00. The money orders are mailed out within 24 hours. Emails
are sent to the buyer and seller once payment is on its way. All
payments under $100.00 are charged a $5.00 flat fee. Money
orders between $100.01 and $700.00 are charged $5.00 +2.25% of
the face value of the money order. International access allowed
but limited to certain areas.
3) Yahoo Pay Direct http://PayDirect.yahoo.com
Send and receive money anywhere in the US with only an email
address. You can transfer money to and from your online account
with a credit card or from your offline bank. U.S. accounts only
with no fees of any kind to use the service. The minimum amount
of money you can send is $5.00 and the max is $200.00 -- that
is, until you respond to a special verification mailing from
them, after which they up your limit to $1,000.00
4) C2IT : http://www.C2It.com
This service is a part of Citibank, and when you register with
them you'll receive a $10.00 sign up bonus. This one can be used
to send cash to anyone in the U.S. with only an e mail address.
Funds can be drawn from a credit card or your offline bank as
well. Fees range depending on the type of transaction. Sending
cash from your C2it account will cost you 1.00% of the
transaction amount with a minimum. of .50. To transfer funds
from your linked bank account to any linked account 1.60% of
transaction with a .50 minimum. Requesting a check will run you
$3.00. You must be a resident of the United States to use this
service.
As you can see, there are many options available to you for
moving cash around the Net quickly and easily. Personally, I use
PayPal and have found the majority of people I encounter on the
Internet have a PayPal account. You'll want to take into account
a service's popularity before deciding on which one is just
right for you.
Moving money electronically is a beautiful thing! And that you
can take to the bank -- literally!
About the author:
Merle http://www.EzineAdAuction.com "Where some of the BEST
Deals in Ezine Advertising are Made" Buy & Sell Ezine Ads in a
live auction setting! Publishers sell off your excess inventory
and Buyers pick up some Fantastic bargains. Go now.
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