Electronic Payment Services: Money Still Exchanges Hands, it Just does so Without ever Touching a Palm

Written by Merle

Buying and selling products or services online just got a whole lot easier. Using only a person's e-mail address, you can pay for purchases and receive money owed to you without ever touching an actual green dollar bill. Of course, not touching it might take some ofrepparttar fun out of getting paid, but it's still your money justrepparttar 109062 same. It's virtual money.

So, you're saying to yourself right about now, "How is this magical feat performed?" A variety of online payment services have sprung up to make virtual payment a reality (no pun intended).

If you need to pay someone or someone needs to pay you all you need to know is their e-mail address and which service they are using. If someone sends you money through a service you're not currently a member of, no problem. You simply register (which is most always free) and collect your hard earned cash.

Payments are made either by tapping into your offline bank account or using your credit card. Of course, once enough people start using this option, your electronic service account balance will enable you to pay your debts without tapping into your credit card or bank account. Converting your virtual money torepparttar 109063 real thing is as simple as requesting a check for an amount not exceeding what's in your account, and a "real" check will show up at your "real" house in less than a week.

Let's take a look at some ofrepparttar 109064 more popular services and how they work.

PAYPAL: https://secure.paypal.x.com/refer/pal=merle%40mcpromotions.com

PayPal, a part of online bank X.com, has got to berepparttar 109065 largest online payment service today. They claim over 3 million customers to date. Free to register, but business accounts are charged 1.9% to receive funds.

Payments can be made using Mastercard, Visa or your offline bank account. They also pay a 5.00 referral bonus for every friend you get to sign up with them. At this time PayPal does not take International payments but does have plans to expand into that arena shortly.

eCOUNT: http://www.ecount.com

Free to register and use. eCount payments can be made with Discover, Mastercard or Visa. Transactions are limited to $1,000.00 a day at this time.

How to Protect Your Online Store from the Internet Burglars, Part 4 (final)

Written by Lynne Schlumpf

Thanks for joining me for Part 4 andrepparttar final part of this article about how to protect your online store from Internet thieves. Now, I’ll tell you some true stories about how we put these methods into practice to save ourselves thousands of dollars, and we got a good laugh to boot!

How to Protect Your Online Store fromrepparttar 109061 Internet Burglars, Part 4 Copyright 2000 Route 66 Cyber Café, Inc. by Lynne Schlumpf

Here are a couple of true stories for you:

1. A man in England ordered $27,000 worth ofrepparttar 109062 latest AMD K7 CPUs and motherboards. He gave his REAL address, his real phone number onrepparttar 109063 order. Boy, was he surprised to get a phone call fromrepparttar 109064 United States asking him to verifyrepparttar 109065 order. He sounded really scared and mumbled something about someone playing a trick on him, that no- he did not order any computer stuff onrepparttar 109066 Internet. Duh! American Express andrepparttar 109067 Justice Department got to know that boy really well!

2. Someone in Thailand ordered about $3,000 worth of computer parts. The ship to address was his home in Thailand, andrepparttar 109068 bill to was some poor guy in New Hampshire. After calling Mastercard services, we were able to identifyrepparttar 109069 card as stolen. The guy in New Hampshire was not aware that his credit card number had been "lifted". Mastercard promptly cancelledrepparttar 109070 card. We emailedrepparttar 109071 guy in Thailand and told himrepparttar 109072 credit card number he was using was onrepparttar 109073 "list" of stolen card numbers. He promptly sent an email back (from his free email service there) and cussed us out in his native language, saying: "What's wrong with a guy ordering something as a present?" Our response: "Ordering something as a present for yourself, with some guy's credit card number in New Hampshire?" Another Duh!

Here are some resources that will help: (ifrepparttar 109074 card number provided is International, you will be referred by these numbers:)

Visa and Mastercard Services: 800-347-5004 Discover Card Services: 800-347-2683 American Express: 800-528-2121

The US Justice Department would appreciate your reporting what you know about stolen credit card numbers to them: Their new website called Cybercrime was created to addressrepparttar 109075 growing incidents of crime onrepparttar 109076 Internet. Visit them here: http://www.cybercrime.gov/

Internet Fraud Complaint Center


This site is brought to you byrepparttar 109077 FBI, principal investigative arm ofrepparttar 109078 U.S. Department of Justice, andrepparttar 109079 National White Collar Crime Center. The Complaint Center's mission is to serve as government headquarters for combatting and reporting all types of Internet fraud. Consumers can easily and securely submit complaints. It works like tech support -- you get a ticket number, and then your complaint is referred torepparttar 109080 appropriate regulatory, investigative, or enforcement agency. The IFCC and associated agencies will collect, manage, analyze, and disseminate data, warnings, news, and statistics in order to educaterepparttar 109081 public and catchrepparttar 109082 perpetrators.

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