Comments to The Rising Tide of Alternative Payment Systems2008-01-19T08:07:34-07:00Practical Ecommerceinfo@practicalecommerce.comhttp://www.practicalecommerce.com/Copyright 2007 Confluence Publishing DBA Practical EcommerceMark Dikshttp://www.practicalecommerce.com/articles/277/The-Rising-Tide-of-Alternative-Payment-Systems/#comment47012008-01-19T08:07:34-07:00Did you know that about 25 percent of online credit card transactions are declined for no good reason whatsoever ? This means that online merchants miss out on approximately 162,500,000 potential buyers with good credit cards. This figure is rising every year by about 5 percent, because of the increase in transactions and stricter rules. These are transactions carried out with good credit cards. There's nothing wrong with these cards.
And there's more: About 90 percent of the current world population (6,500,000,000 people) even has no credit card at all. That's 5,850,000,000 people without the plastic card. Many of them don't even have a bank account. About 10 percent of them (585,000,000 people) are regularly shopping online. They hope to be able to buy online without a credit card, but most of the time they fail of course. So online merchants miss out on another 585,000,000 potential buyers.
Conclusion: merchants are missing out on a total of 747,500,000 potential buyers. They...Jamy Nigrihttp://www.practicalecommerce.com/articles/277/The-Rising-Tide-of-Alternative-Payment-Systems/#comment1842007-01-20T21:46:08-07:00Disclaimer - I am the VP, iDistribution 2.0 for ClickandBuy LLC
To make your best decision, please consider these factors as well.
1) Fraud Protection - how sophisticated are their fraud servers? Do they move beyond the simple realm of address/billing information verification and are they able to flexibly adjust by merchant type, country, payment type, payment history and even time of day
2) Customer Support - do they have a multi language Call Center to provide real time customer support to finish the transaction and provide the highest levels of user satisfaction
3) Languages - does their call center offer multi language capability
4) Currencies - are multiple currencies accepted around the world enabling global commerce
5) ASP v. PSP Model - is there no fee for hardware/software upgrades installation as a result of being web based and able to integrate seamlessly with legacy systems
6) Data - can you access the user/sales data a) real time b) on demand c) batch...