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TulipTools Internet Business Owners and Online Sellers Community › Ecommerce › Ecommerce › Online Payment Services v
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Credit cards dominate: But online retailers` interest in alternatives is strong

  
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Credit cards dominate: But online retailers` interest in alternatives is strong
11-03-2005, 10:05 AM,
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mandy Offline
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Credit cards dominate: But online retailers` interest in alternatives is strong
Quote:Credit cards continue to dominate how shoppers pay for the merchandise they purchase from web merchants, but more online retailers are taking a closer look at alternative forms of payment such as cash, deferred billing and e-checks...

...85.2% of all chain -retailers, catalog companies, consumer brand manufacturers, virtual merchants and consumer service companies taking part in the survey say that credit card -transactions account for more than 90% of their total sales. In contrast, only 9.4% report that credit cards represent less than 80% of their total sales.

More than one-half of all web merchants taking part in the study, 52.7%, respond that it is "very important" or "important" for a business-to-consumer e-commerce site to offer an alternative payments program compared with 47.3% who don`t plan to offer any

..alternative payments won`t -supersede credit cards any time soon as the industry`s main payments program... Cash, deferred -billing, e-checks and PayPal in time will drive more new and repeat sales by giving online shoppers new and -different options to pay for -merchandise..

full article: http://www.internetretailer.com/article.asp?id=16563
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11-06-2005, 05:20 AM,
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thegateways Offline
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Re: Credit cards dominate: But online retailers` interest in alternatives is str
Few credit card company are targeting the youth and teen customers by providing teen/student card etc, those customer will be the main focus in near future.
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02-22-2006, 08:12 PM,
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valleygirl Offline
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Re: Credit cards dominate: But online retailers` interest in alternatives is strong
Quote:credit card -transactions account for more than 90% of their total sales

Well over 90%.
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