Jason Karp asked:




If you keep up with today’s technology, you probably do nearly everything from your computer. Most people don’t even have to step away from their computer to perform research, stay in touch with a friend, pay bills, watch their favorite show, or market their business. Today, convenience means being able to do anything within minutes simply with the click of a button. Why should money transfers deviate from this new norm?

Whether you have family living in another country, or your friend is simply traveling and needs your help, speed and convenience are crucial when it comes to getting them the money they need. You already know you can buy products online simply by entering your credit card number rather than having to send a check, wait for it to get there, and then wait longer for it to clear. The ability to send money online using a credit card is just as important as the ability for you to buy that new shirt online. You value speed and ease of use when shopping on the Internet, so the same should be available when sending money to your loved ones.

Typical money transfer services are often slow and expensive. If the person you are sending money to is in a foreign country, they have to find the location where they can pick up the money every time you send it. In a world of online checks, credit cards, debit cards, and direct deposit, you often don’t need to visit the bank or even move from your computer to get paid. There are a few ways to offer friends and relatives in other countries that same convenience. As of now, many banks allow you to wire transfer money, but in that case, you both have to have an account with the same bank, and you need to know your recipient’s account number. There is an easier way to send money online.

You probably cherish the invention of debit and credit cards, and one more reason to do so is that you can send them to your traveling or foreign loved ones. Newer companies have caught on and allow you the ability to send money online using a credit card. Such a company sends a credit card to the recipient, and a sign-in and password to you. This type of card is reloadable, so whenever your friend or relative needs money, you can sign in to the company’s website and send them money. If you’re not near a computer when they need the money, most companies also let you call to send the money.

Whichever method you use, this newer technology allows fast money transfers. Since most people use credit and debit cards anyway in place of cash or checks, this kind of service has been needed for awhile. Whether yours friends or family members are traveling or living in another country, they probably appreciate the speed and ease of use that this kind of technology offers them. No one wants to deal with money issues while on vacation or even just living life away from their family, and the capability for you to send money online using a credit card can make their life a little easier.

Jeffery

Lawrence Fine asked:


Since I opened my PayPal account, I have noticed that it is much easier to make online purchases. Not only are there more sellers who will sell to me (many small sellers do not take credit card transactions) but the sales also seem to be processed faster.

When I first started a PayPal account, I was pretty suspicious. You see, I have known people who have been scammed over the Internet, so I don’t really trust new forms of electronic transaction very much. I didn’t really know if a PayPal bank account would be secure, and I was worried about trusting my financial information to a business that I didn’t know that much about. Nevertheless, I was working as a freelance writer, and having PayPal accounts made things much easier. There were some clients, in fact, who wouldn’t pay except through PayPal.

Several months later, I have seen how much of a difference having a PayPal account makes. Before the invention of PayPal, the credit card was the ultimate form of convenience. If you had a credit card account, you could buy basically anything from anywhere. Nowadays, PayPal accounts have become the standard – particularly for online buying and selling. There are many merchants who only work through PayPal.

There’s a good reason for this. There are quite a few advantages that a PayPal account has over a normal transaction. With PayPal buying and selling, neither party ever gets the other party’s financial information. You don’t have to give out your credit card number, or your PayPal password. Basically, PayPal handles the transaction for you. This is even more secure than a credit card account.

Although it has been helpful for my online business, it has helped me with other things as well. I used to be afraid to buy something over eBay using a credit card. After all, I didn’t know enough about the seller. For all I knew, he could have been scamming me. The few transactions that I did make were pretty slow. I don’t know why, but for some reason it always seemed to take longer than it should to do credit card transactions online.

I still need to use a credit card for some purchases – particularly from major online stores – but it is less important than my PayPal business account for buying things online. I figure that, in a few more years, it might become the main way that people do business over the Net.

Ecommerce Solutions

Paypal is great for shopping carts for businesses of all sizes, too. Simply upgrade your account to a business account at no extra charge, then place Paypal Buy Now buttons on your websites. Or set up an entire shipping cart system with a third party script or source like 1Shoppingcart and accept membership subscription payments and allow shoppers to buy a variety of items and check out with your Paypal account.

Paypal’s Virtual Terminal allows an affordable manner of keying in credit card transactions, to, avoiding heavy fee-laden bank operated and third party merchant accounts. Excellent customer service also supersedes outsourced operators who lack expertise in your account solutions, too, another big bonus with Paypal.



FRED