Not too long ago, if you didn't have a credit card, you didn't shop online. But a growing number of companies are giving online shoppers more choices and flexibility than ever. The proliferation of alternative payment options is a win-win situation. Consumers can decide for themselves how to spend their money, and merchants gain access to the untapped market of people who don't have credit readily available. A slew of sites, including RocketCash and Cybermoola , are hoping to capitalize on the teenage market, by giving them a way to buy items online without the convenience of a credit card.
Money is deducted from the account when items are purchased from participating retailers.
Services such as InternetCash and Cybermoola let users purchase shopping cards that can be used at participating online stores. Users can send money to other Internet users. Both the sender and recipient must be registered with the service. The sender uploads money into an account via credit card, check or money order. The recipient can spend the money, have it sent to a bank account or applied to a credit card balance.