Team Wiki Presentation

Pratt, Pribolova, SteinEC400: Fundamental Electronic

CommerceKathy Disney

Team Wiki - Presentation

E-PaymentsPayment Options – Self Payment Services or Third

Party Payment Processing

http://ec400jak.wikispaces.com/Introduction

URL:

Mission StatementGive more information to starting businesses who have already created their e-store on which e-payment systems are there for them to be used and how they work and what they do, comparing their liabilities, prices and so forth.

Utility of WorkplaceThanks to Wikispaces, we were able to work all together, check and correct each other mistakes and give out suggestions which was great. We shared different links to usefull resources and we split up the work evenly and everyone was responsible for their own parts. It worked for us, although sometimes there was gap in communication, however altogether it worked just fine.

Lessons Learned•Start as soon as possible•Help each other out•Make a good solid outline from which you

can start-off•Learn how to work with Wiki (so that you

will not delete all work you have done by mistake)

•Share resources/Find the best one that suits you

•Meet with team members and consolidate your whole work and presentation

Value of Wiki•Wiki is a great resource for companies,

schools – classes, team-projects and others since it provide great platform were people can share and create information

•Although it might seem that with social networks and blogs out there the value of Wiki is not longer significant – it is because they do not offer you chance to edit and re-create your work all over again and work as team

Our Work - Outline

•Self-Payment Services – Anna•Third Party Payment Services – Jason•Pros´ and Cons´ - Kylie

Self-Payment ServicesMerchant Account•way for businesses to accept credit

card payments• look for provider – based on prices,

fees and liability•apply, set-up, program and begin•strict rules accepting your application•ask your provider for more

information about chargebacks, fees, mothly limit etc.

• liabilities – credit risk, fraud risk, contingent liability risk

Self-Payment Services

Third Party Payment Service•Third Party Payment Providers

▫Payment Options International Fees and Services

▫High Risk Digital Intellectual

• Low entry requirements

• Easy set up/low start up fees

• Easy integration to website

• Insurance for fraud

Pros to Third Party Payment Processing

• High transaction fees

• Less information about customer

• Limitations on what you can accept payment for

• Longer to clear payments

Cons to Third Party Payment Processing

• Large volume, high ticket products

• Check out all information before purchase

• Accept payment for almost anything legal, minor restrictions

Pros to Self-Payment Processing

• Expensive set up

• Extensive paperwork

• High risk

• Strict guidelines and standards

Cons to Self-Payment Processing

• Self Payment=more expensive and more liability, sometimes the only option• Companies in business for a while, with a good

track record• High risk businesses: gambling, escort services

• Third Party= affordable, low liability• New businesses • Save your business and increase sales

Cost Comparison and Liability

http://www.ultracart.com/payment-processing/faq/#q11

http://www.merchantaccountforum.com/3rd-party-payment-processors.html

http://ezinearticles.com/?The-Pros-and-Cons-of-Third-Party-Providers-of-Merchant-Services&id=4549550

http://desktopserver.com/paypal-vs-a-merchant-account-the-pros-and-cons/Bredel, M. (2008, November 3). Merchant Account Basics. (Video). Retrieved fromhttp://www.youtube.com/watch?v=Ow6coLMbdtYMerchant Account Basics. (n.d.). Merchant Express. Retrieved fromhttp://www.merchantexpresscom/merchant_account.htm#Merchant Account. (n.d.). Retrieved from http://rumler.com/ecommerce/merchantaccount.htmhttp://4mywebecash.com/

http://www.membershipplus.net/?refid=byte4u

http://www.swreg.org/services.htm

References

Thank You for Your Attention