| LoginLogic » Philosophy » eBusiness » eCommerce |
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| eCommerce is the ability to capture credit information securely. Credit-card processing utilises a [dedicated or shared] credit-card merchant account. Methods : 1. Web site engine processes in realtime from a/c to a/c. 2. Web site engine sends to offline process via email. An encrypted internet channel is a safe* medium for credit transfer. Credit card companies also protect the customer in the event of fraud. Security fears still prevent some customers from using eCommerce. these fears are somewhat justified; * If something can be encoded, it can be un-encoded. Paranoia is everywhere, however reality asserts itself; Consumer education is rapidly strengthening confidence. http://PayPal.com is an example of a shared merchant account and is presently the most affordable way to accept credit cards. |