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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).
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Cash | |
Credit cards | |
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