(e-Cash, e-Money)
What It Is and How It Works
Digital Cash is basically an encrypted serial number (online e-currency) that simply represents money and is placed into an account. The customer then can spend the money at different merchants that support the digital cash provider the customer signed up with. A customer can add more money to their digital cash account by using their credit card or even their checking account.
Digital Cash gives added security and peace of mind to customers as they are not actually using their credit card directly to make purchases. This eliminates most all threats of fraud.
One downside of digital cash is the fact that only a small number of online merchants may accept digital cash payments. It’s not nearly as widely used as regular credit card acceptance is, however, the future looks bright for digital cash acceptance to expand.
Who Needs This Solution?
Offering a payment acceptance solution that eliminates the threat of fraud, like digital cash does, would cater to customers who are uneasy about giving credit card information via the Internet.
Digital Cash Resources
Cash Cards Intl. – Allows you to sell products/services worldwide without the worry of chargebacks. Collect money, deposit and more from almost any ATM worldwide.
eCharge – Offers eCharge Net and eCharge Phone accounts.
Know of a good Digital Cash service? Let us know!