INFO#211 - CH 11

__________ Important electronic commerce site function

Several online payment options available and vary in size and processing method

• Micropayments

• none

• Small payments

• Online payments

__________ Internet payments for items costing few cents to a dollar

• Micropayments

• none

• Small payments

• Online payments

__________ All payments of less than $10

• Micropayments

• none

• Small payments

• Online payments

what is micropayments barriers ?

• Example mobile phone fixed monthly payment plans

• Human psychology

• People prefer to buy small value items in fixed price

• Not yet implemented very well on the Web

Small payments

Being offered through mobile telephone carrier

Buyers make purchases using their mobile phones

Charges appear on monthly mobile phone bill

Bright future held back by mobile carriers’ substantial charges

• False

• True

select the four ways to purchase items (traditional and electronic)

• debit cards

• credit cards

• checks

• Cash

__________ small but growing segment

Popular example: automated payments

• Payment Acceptance and Processing

• Electronic transfer

• Greatest advantage

• Payment Cards

__________ describes all types of plastic cards used to make purchases

Categories: credit cards, debit cards, charge cards, prepaid cards, and gift cards

• Charge card

• Debit card

• Payment card

• Credit card

_________ Spending limit based on user’s credit history

Pay off entire credit card balance and May pay minimum amount

• Charge card

• Debit card

• Payment card

• Credit card

_________ No spending limit

Entire amount due at end of billing period

No line of credit or interest charges

Examples: department store, oil company cards

Retailers may offer their own charge cards and Store charge cards or store-branded cards

• Charge card

• Debit card

• Payment card

• Credit card