If you lose your Cybermoola receipt before uploading the credit into your account, you can't get a refund. InternetCash, another prepaid option, works much like Cybermoola but is available nationwide through Western Union, bill-payment merchant In Person Payments, and prepaid service provider Pay Smart America. To spend your riches, go directly to any of more than 200 stores online. InternetCash plans to test a better option in the first quarter of 2001. The program will let participants use their own bank-supplied debit card and PIN number at over 80,000 Net stores.
Buyers never have to convert cash or credit into e-cash.
A Gartner Group report predicts that online purchases via debit cards will account for up to 30 percent of all online shopping by 2003. Achex is already in place and works like a debit account. You give Achex your banking information and create a user name and password. Your purchase is deducted from your checking account. ECharge Phone service is a different beast.