ONLINE PAYMENTS: RESOURCES

Advertising Alternative Payment Services

Advertising alternative payment options pay for a consumer's goods or services if they opt in to a marketing program.

Cash Alternative Payment Services

The basic forms of cash alternative payments (i.e. escrow, paper checks, stored value accounts and money order) have been around for years but in the eCommerce world they have had limited success.

Credit Card Alternative Payment Types

Alternative payment solutions are payment methods merchants can offer to their consumers that don't require the use of one of the major credit card associations.

Credit Terms Alternative Payments

Credit Terms Payment Alternatives are services that extend credit to individuals to make purchases online.

Direct Debit & Bank Services

Includes ACH, Direct Debit, electronic check, Elektronisches Lastschriftverfahren, meaning "Electronic Debit Procedure", and bank transfer services.

Invoice Payment Services

An invoice or bill is a commercial document issued by a seller to the buyer, indicating the products, quantities and agreed upon prices between the parties.

Mobile Phone Payments

Instead of paying with cash, check or credit cards, a consumer can use a mobile phone to pay for a wide range of services and digital or hard goods.

Payment Aggregators

Aggregators allow merchants to accept credit card and bank transfers without having to setup a merchant account with a bank or card association.

The Money Flow: Parties And Steps Involved

We can describe the money flow process for credit card transactions by looking at when money changes hands across parties (Player View) or by looking at each stage in the process for every credit card sale (Step View).