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Digital Cash
(e-Cash, e-Money)
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What It
Is and How It Works |
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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.
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Who Needs
This Solution? |
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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.
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Digital
Cash Resources |
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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.
RocketCash -
Popular digital cash company.
InternetDollar -
Yet another e-currency for making
purchases online.
E-Gold -
E-Money backed by 100% gold.
Pocket Pass - Doubles as a
prepaid phone card and allows you to make
online purchases at selected merchant
sites.
Know
of a good Digital Cash service? Let us know!
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