There are many types of payment options used in transactions. some, like credit cards, are widely used while Cybermoola and i-Checks are not.
|Internet cash||cards purchased at convenience stores. A special software allows merchants to communicate with the vendors' servers.|
|Cybermoola||cards purchased at stores at the mall or online. Parents can put a limit on the network of merchants their children can buy from (Gutzman 282).|
|Paypal||accounts are funded with a credit card or a transfer from a checking or savings account. The system automatically recharges the account from the credit card provided (Gutzman 283).|
|Electronic checks (i-Checks)||the same as regular checks except that the i-check is made and exchanged online.|
|Electronic wallet||cash payments using an Internet service. The payment is released from the customer's virtual or actual bank account and send to the vendor's account (Smith, Speaker, & Thompson 160).