11-06-2007, 11:09 AM
Quote:Most ecommerce merchants rely on credit card purchases for their products and services. The industry is rapidly changing, and we asked Philip Beck, the CEO and founder of Planet Payment, for his take on the future of online payments...
Quote:PeC: What about credit card fees? Presently, the same fee percentage applies to, say, a $10 transaction as it does for a $10,000 transaction. Do you see credit card fees changing one way or the other?
BECK: The research firm TowerGroup predicts that by 2009 the volume of micropayments will reach $11.5 billion domestically and $40 billion worldwide. The success of iTunes and other digital download products certainly bares this out. Clearly, the payment card companies will need to become innovative and more flexible in their approach to the pricing of smaller ticket transactions...
full article: http://www.practicalecommerce.com/articl...-Payments/