E-wallets or E-cash
have been around for several years, consumers store digital
cash, which has been transferred from a credit card, debit card
or virtual check inside their e-wallets.
Digital cash is like having a virtual savings account where
charges are made for ongoing purchases, particularly
micropayments, small payments from $0.01 to $10 that can be used
to pay for access to digital information such as newspaper
articles or software, this is very useful for high risk services
such as adult, gaming, software download or any kind of pay per
view or pay per minute type product.
One-click micro-payments over the Internet:
A visitor to a site clicks on a link to buy access to an
article for a nickel; one click and he gets to read.
Anonymous payments on the Internet:
People are increasingly concerned about being tracked
through their purchases on the web, and worry about giving out
their credit card number on sites they don't know.
Payments from non-traditional devices:
The user would keep his wallet in a device like a palmtop, or a
smart phone, and make payment wirelessly by pointing it at a
vending machine or entering a code into the phone to charge
movie tickets from the car on the way to the theater.
E-Wallets are bits of software that are either server “side”
(information that is stored on a secure server) or “client side”
(information that is stored on the consumer’s personal
They can help merchants acquire and retain customers by offering
an easy and convenient ordering solution,allowing payments
and shipping information to be securely stored on a merchant’s
site for repeat purchases.
Consumers can get
E-Wallets from their financial institution, specialized
merchants, or technology providers.
businesses are considered very high risk by merchant banks it
would be very wise and cost effective to partner with a company
like us that understands and has worked with some of the largest
E-wallet/E-cash companies on the internet today, with their
We help E-wallet/E-cash type companies that require ach/e-check
processing or credit card processing services for their
Please contact us today to find out how we can help your company
succeed in this very competitive business.