For micropayments they support percentage fees or very small flat fees. The cost structure makes Praxell's services attractive only for larger merchants. In production in Europe and Israel. Merchant doesn t store any payment information of customers. Completely private and anonymous for customers who purchase the cards with cash.
Money is always within the merchant's system, so there are no delays in receiving payments.
Merchants handle fraud and non-repudiation on their own. There is no network of merchants and customers from which to benefit, so merchants must do all the marketing for their cards themselves. Related Links ECommerce Webopedia Search our new encyclopedia and navigate the seas of ecommerce jargon. Discussion List Interact with other ecommerce professionals. If you have any comments or suggestions on this site, please feel free to send an email to ECommerce Guide's Managing Editor .