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ECT News Community   »   E-Commerce Times Talkback   »   Re: Online Merchants Choosing Alternative Payment Options

Re: Online Merchants Choosing Alternative Payment Options
Posted by: Jennifer LeClaire 2005-12-21 09:22:00
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While credit card companies research and develop new anti-fraud measurements, alternative payment solutions providers are cashing in on the demand for online security and customer choice. Alternative payment solutions are often less expensive for the merchant and can be easier to use than setting up the merchant account that is required to process credit card payments. What's more, there is strong data to bolster the use of these alternative payment solutions.

Alternative Billing
Posted by: michaelfla 2009-05-28 08:15:43 In reply to: Jennifer LeClaire
So we all know that alternative payments on a merchantís site will lead to revenue lift. We also know that, while they do it, consumers are apprehensive about sharing credit card information. I recently researched the industry, and found more payment options available to online merchants. Thereís the obvious PayPal, Bill Me Later, Google Checkout. One interesting alternative I came across is bill to phone. Like these other alternatives, bill to phone helps to make the checkout process of online buying faster, more convenient, and more secure for digital content subscribers and online merchants. It also helps to enhance the security because it does not require the buyer's credit card number, so there is no need to expose personal information and risk fraud. We all know itís a lot safer to expose your phone number than your credit card number.

The company I came across that provides phone billing merchant services is ILD Teleservices. Hereís the website Ė

Providers to expand payment options
Posted by: Michael Turnbull 2008-11-05 19:18:50 In reply to: Jennifer LeClaire
As demand increases from the consumer for alternative payments, more and more eCommerce providers must offer them to online merchants. The role of the eCommerce provider should be to evaluate the benefits and, once deemed appropriate based on demand, develop interfaces to make it easy for the online merchant to exploit this. For example, companies like (eCommerce provider) integrate with (Payments & Authentication provider) and work to simplify the process for the online merchant and ultimately the consumer.
I do think it is important for the eCommerce providers to evaluate the level of benefit and heavily prioritize their efforts towards helping their customers (online merchants) be more successful at converting sales. Alternative payments is absolutely a great way to make this happen.

Re: Online Merchants Choosing Alternative Payment Options
Posted by: dyderik 2008-01-19 02:42:36 In reply to: Jennifer LeClaire
Did you know that about 25 percent of online credit card transactions are declined for no good reason whatsoever ? This means that online merchants miss out on approximately 162,500,000 potential buyers with good credit cards. This figure is rising every year by about 5 percent, because of the increase in transactions and stricter rules. These are transactions carried out with good credit cards. There's nothing wrong with these cards.
And there's more: About 90 percent of the current world population (6,500,000,000 people) even has no credit card at all. That's 5,850,000,000 people without the plastic card. Many of them don't even have a bank account. About 10 percent of them (585,000,000 people) are regularly shopping online. They hope to be able to buy online without a credit card, but most of the time they fail of course. So online merchants miss out on another 585,000,000 potential buyers.
Conclusion: merchants are missing out on a total of 747,500,000 potential buyers. They could easily triple their sales if they would accept online cash in conjunction with credit cards. Currently the only online cash payment service provider in the world is the new company "Happy Buyer". Their web site can be found at
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Would you license your personal data to advertising platforms if you were paid directly for it?
Yes -- So much of my personal data is already in the hands of advertisers anyhow; I may as well be paid for it.
Possibly -- It depends how much I would be compensated and how the data I authorize to share would be used and protected.
No -- I would not sell my personal data at any price.