The other factor that has made this system successful, says Kruse, is that it's much easier for merchants to participate. In fact, they don't even have to think about participating or modifying their Web site for RocketCash transactions. Other companies with similar programs aimed at teens include the Capital One Visa Buxx Card. Absolutely not, says Litan. You don't want to use a system just to pay for e-commerce transactions over the Web.
Credit cards work everywhere.
Alternative payment systems, she said, must be just as universal. To that end, PayPal and other firms are concocting means to allow transactions to be made from a cellular telephone. Came across a new Internet payment System, Cyphermint Pay Cash. It had total privacy and security with No Credit Card required. It has embedded electronic contracts between buyer and seller, electronic signature capabilities, scalability, and ease of use.