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Several Alternatives for Alternative Payments |
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It seems that every time that you turn around, there’s a new alternative payment product or system hitting the market. One of the latest is GratisCard, backed by AOL co-founder Steve Case. This PIN-protected credit-debit-prepaid card will charge merchants a processing fee that is capped at 0.5 percent. Of course, heavyweight in the alternative payments space is eBay-owned PayPal, with more than 140 million users. Another heavyweight to keep an eye on is Google, with its Google Checkout service. Other alternatives to traditional credit and debit cards for merchants are products offered by Tempo Payments, National Payment Card, Pay By Touch, eBillme and Bill Me Later.
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