Auctions and online payments articles

A Little eBay History (04/27/2012)
... But when he filled out the paperwork, he learned that echobay.com was already taken. Faced with the need for a unique name, he decided to abbreviateand eBay was the result. Why It Works When Omidyar developed Auction Web (soon to become eBay), he had a full-time job, and he wanted to enjoy life on the weekends. He didn't want his hobbyAuction Webto steal every waking minute outside work....

The Economic Consequences of Using Digital Currencies (04/25/2012)
... Of course, all of this remains to be seen! This anonymity does have its drawbacks, however. One example of this is criminal cases in which evidence of financial transactions are often integral requirements for correct judgement and sentencing. Thus, the financial anonymity of digital cash can make it harder to convict criminals than it might otherwise have been. Anonymous financial transactions and holdings also make it generally easier for money laundering to take place. It can be argued, however, that this is relatively easy as it is today with few currency controls and falling costs of overseas banking....

Advantages of Using Digital Currencies (04/08/2012)
...1% (GoldMoney), to 2% on the very high end (Standard Transactions). In other words, the cheapest digital currency on the Net allows online transactions for forty-five times less than credit cards. Even the most expensive digital currency costs less than a credit card transaction! Digital currencies lower transaction costs by three orders of magnitude! This means that transactions that were previously too expensive to make because of the time, money, and effort involved are now feasible using digital currencies, such as e-gold, gold-grams, Standard Dollars, Standard Gold, e-Bullion, and Hansa Dollars. For retail merchants who process a high volume of credit card transactions, the savings can be significant! The savings in transaction costs can then be passed along to their customers in the form of lower prices, which helps merchants accepting digital currencies to gain a competitive advantage. Second advantage: Digital Currencies Are Faster! The average credit card transaction can be reversed for three to six months after the sale takes place....

Accepting credit card payments online (03/02/2012)
... While ecommerce credit card processing is essential, accepting credit cards can also be a pricey service due to costly charges levied by card associations and merchant service providers. It is important to select a merchant account service without any hidden fees or costs. Many companies offer competitive rates that are tailored to your specific business. Other services you can receive through a total merchant services provider include check conversion and guarantee service, gift card and loyalty card program, a virtual terminal that allows you to perform all of the same functions of a physical credit card terminal and reprogramming of your existing terminal equipment. These companies offer wireless credit card processing directly through your Web site or through a virtual terminal service....

Why do you need electronic invoicing (02/25/2012)
...........

What is PayPal Forex (02/04/2012)
... In this sort of Forex trading, you can purchase the currencies using the money which is in your PayPal account. And whenever you sell these currencies, the amount corresponding to them is transferred into your PayPal. Moreover, in PayPal Forex, it is not mandatory to start trading with huge investment. You can easily start up this game only even if you have 1000 dollars in your account. Here, the term game is used because you can enjoy the rise and downs of international market with the help of a user friendly interface....

How To Succeed with Auctions (01/05/2012)
... Where there are few bidders and each bidder is only allowed one bid, although time is saved in this way, the winning bid may not be a true reflection of the market value. The time between the opening bid and final bids is of particular significance. Characteristics Auctions can differ in terms of the number of participants that are bidding. This is characterised by the following situations: Consider a Supply auction. There may, let us say, be A sellers who are offering goods that one or more buyers are willing to bid for....

How to improve your eBay listings (04/18/2011)
... Images are infinitely important when selling most products over the internet. The buyer cannot physically inspect the product, so it’s necessary to have some good quality images. Most of the time, it is recommended to have more than one image – it could mean the difference between selling your item and not selling your item. When people know exactly what they’re buying they’re more likely to; and you’re more likely to get a higher price for you item if the buyers are confident it is exactly as you described it. You can use the eBay interface for adding extra pictures at a low cost, or alternatively you can upload an infinite amount of pictures for free at this GREAT website: http://ebayuploader....

Characteristics of Stored Value Cards (09/19/2010)
... They can offer added-value information, including digital certificates for identification purposes, and may authenticate a secure transaction. It is worth noting that computer hardware manufacturers have started to include smart card readers with their PCs and PC keyboards. The ubiquity of this digital currency system in on the rise......

Alternative International E Commerce Payment Solutions (09/05/2010)
... Through PayPal, the consumer retains all the protections provided by his own credit card issuing banks and institutions, such as Visa and MasterCard. If the buyer demands a refund or obtains a chargeback through the bank, PayPal makes the adjustment on the vendor’s PayPal account. With c2it (http://www.cj.com/), you can send, receive, and move money within the United States for free....

What You Should Know About Credit Card Fraud (08/30/2010)
... Use Card Security Codes, known as CVV2 for Visa, CVVC for MasterCard, and CID for American Express®. For American Express, the code is a four-digit number that appears on the front of the card above the account number. For Visa and MasterCard, the code is a three-digit number that appears at the end of the account number on the back of the card. The code is not printed on any receipts and provides additional assurance that the actual card is in possession of the person submitting the transaction. As a merchant, you can ask for this code on your online order form....

How Payment Processing Works (08/27/2010)
... The issuing bank sends the transaction result (authorization or decline) to the processor. The processor routes the transaction result to the payment gateway. The payment gateway passes result information to the merchant. The merchant accepts or rejects the transaction and ships goods if necessary. Because this is a “card not present” transaction, the merchant should take additional precautions to ensure that the card has not been stolen and that the customer is the actual owner of the card....

Bill and Invoice Presentment and Settlement (BIPS) Access and Distribution Models (08/24/2010)
... Billers can also use such BSPs to syndicate billing data to consolidators or to consumer service providers (CSPs) such as Web portals, thus handling the technical intricacies for the biller, while extending the biller’s reach to multiple customer distribution points. Distribution or Syndication Model As an alternative to having customers visit a dedicated biller-direct site (whether hosted by a biller or outside service provider), billers can choose to work with third-party intermediaries that provide alternative end-points from which customers can access, view, and pay their bills. The most established distribution model available today is the consolidator model, in which a third party acts as the aggregator for multiple billers. The consolidator provides a single site that allows customers to access multiple bills from their different billers. The leading consolidator in the market today is CheckFree; newer players gaining traction include BillingZone....

Using Payment Service Providers (08/11/2010)
... Although customers of the consumer-focused consolidator sites have shown a willingness to pay for online billing, they are not likely to pay more than it would cost to mail in their payments. In the B2B world, some customers may be willing to bear some of the costs of e-billing by paying for things like financial services, but the model is still untested. So, when it comes to picking a payment service, what are your options? As previously mentioned, there exists three major classes of payment services that organizations can use as part of their electronic bill presentment and payment deployments: biller focused, commerce focused, and payer focused. In the biller-focused area, CheckFree is the leader. The company processes 49 million electronic payments per month, has an infrastructure that can handle massive volumes, and has been active in forming partnerships and making strategic acquisitions....

The Future of Digital Currencies (08/01/2010)
... Digital money or digital currency is the monetary value of government—or privately issued currency units stored in electronic form in an electronic device. Digital money is one type of a digital financial instrument that fulfills most or all of the functions of money. The monetary value stored in the electronic device can be transferred to other such devices, allowing the users to engage in payment transactions. This is different from traditional electronic payment systems, such as credit and debit cards and wire transfers, which usually require online authorization and may involve debiting and crediting bank accounts for each transaction. A prepaid monetary value may be stored in a computer chip on a card (“smart card”), stored on a computer chip in a wireless device, or stored on a computer disk drive....

Ten Tips You Need To Learn Prior To Bidding On Auctions (02/11/2010)
... Decide on exactly what the greatest amount you'll bid for that item and stick to it. Never get swept up inside a bidding conflict; chances are you'll wind up paying out a lot more than the actual item's value. Remember to include in your shipping cost along with your bid. 4. Check out several internet auctions prior to placing a bid since a number of vendors sell the identical item in lots of auctions....

Order Processing Through Answering Services (10/21/2009)
... When you start looking for a company to handle your phone calls and orders for you, make sure that they have the ability to train their employees to answer questions about your product from the information that you give them. This way, they can provide customer service as good as if you were handling the phones yourself. Along with the training, they will also need a way to enter customer information, order data, and to provide confirmation and shipment tracking numbers. If you don't know where to get one, most answering services already have some in mind that you could try. Having an answering service do all your order taking and processing is a great way to increase business....

Tips For Auction Listing Design (11/12/2008)
... The first problem was that for some reason the Pay Now button in eBay was not working for all customers. This led to me getting many emails from buyers saying the Pay Now button is not working, or worse many people sending payments to one of my email addresses that were not registered with PayPal. The end result was me having to explain and solve the problem via multiple emails to multiple customers. So how could I have avoided this problem? Well in my actual eBay listing and Payment Policy I made no reference to my PayPal email address but included all my other email addresses. I overlooked including my PayPal email address in the listings simply because I assumed that the Pay Now button would work at all times....

Undisclosed obsession of eBay Auction (09/29/2008)
... After you eBay auction is successfully listed you are done at eBay. If the only image that you are using for your eBay auction is the one in the pattern then be sure and check mark. I favor Pay Pal because I can offer more payment options, on top of that, the entire payment process for your eBay auction is completely computerized if you use Pay Pal. High quality photos and a professional looking eBay auction is an important step for an eBay power seller. When an eBay auction is completed, the goods shipped and payment made, you and your buyer can comment on each other in eBay feedback forum....

BUYING SAFE ON ONLINE AUCTION SITES (07/06/2008)
... The most obvious red flag in identifying the rip-off seller is when you are somehow able to purchase an item for way below the cost it is being sold for everyone else on the web. The scammers will usually place an item at a much lower price since their objective is close the sale and placing it close to the price of other sellers will most likely not produce any sales for them, especially on a different auction site other than eBay. They will usually focus on high-ticket items that are in high demand such as computers, video game systems, and phones. They are less likely to place something up for sale that will take a long time to sell, no matter how valuable. They want the quick buck and they want it now....