Not everyone has a credit card. This method does not lend itself well to the purchase of down loadable soft goods, such as software, art, graphics, etc. Vendors wanting to sell down loadable soft goods will will need to find a way to ensure the product is paid for, once downloaded. You will have to deal with chargebacks. If you can t or won t get a merchant account through your regular banking institution, you still have the broker option open to you.
Brokers can often arrange merchant accounts for businesses who are deemed high risk.
Setup fees and discount fees apply. Electronic Cash Transactions Electronic money is an arrangement whereby the customer pays for the merchandise using, well, electronic money. Examples of this are the well known DigiCash, Cyberbucks, CyberCash, etc. As consumers become more comfortable providing credit card information over the Net, these methods are less utilized. The Pros No credit card transactions are required.