My recommendation is to stay away from these services for now. They still have not caught on with the public. However we have put them in this guide due to the enormous amount of hype that surrounds them, and in time they will become a viable method of accepting payment online.
The concept of Digital Cash systems is that a person fills up a digital wallet from a credit card. They then get to spend that money either via a digital wallet program running on their computer, or via a special PIN number. The future of these systems is in micro-transactions (Micropayments), say 5 or 10 cents to read an article or a page. At the present time charging people a few pennies for viewing content is impractical. Hopefully Digital Cash will solve this problem in a few years. Another downside to Digital Cash is the fact that only a small number of merchants actually allow for this type of payment acceptance. It’s not even close to being as common as regular credit card acceptance.
At the moment, some of the biggest Digital Cash service companies are:
RocketCash
InternetCash
Echarge
Micropayments have been around for quite some time, but aren’t as widely used by online merchants. This has caused several micropayment service companies to close up or halt further marketing of their services until usage increases. As previously discussed, micropayments are good for sites that offer online products (documents, music files, etc.) that only cost a few cents up to $10. Micropayment solutions work the same as typical credit card acceptance except that the amount taken per transaction is much smaller, thus you get to keep more of the profit.
If a Micropayment service is what your company needs check out these sites:
eTelCharge – Adds charges to your phone bill
iPin – Puts charges on your ISP (Internet Service Provider) bill
microCreditCard
Cardis – Click “The Ultimus Solution” button once on their website
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