5. Outline the reasons why a consumer who owns a credit card would want to use an electronic payment system, such as PayPal, for an Internet transaction. In your opinion, why would a small merchant might want to use an electronic payment system in addition to, or instead of, accepting credit cards? by simplyww https://padlet.com/huda_mohd/tut7_q5 en-us 2018-02-01 05:16:32 UTC 2018-02-01 05:51:00 UTC hello@padlet.com 1142701800 https://padlet.com/huda_mohd/tut7_q5/wish/226898851 Accepting credit cards legitimizes your business.
Accepting credit cards can boost sales
Accepting credit cards helps level the playing field with your competition.]]> 2018-02-01 05:21:52 UTC https://padlet.com/huda_mohd/tut7_q5/wish/226898851 Ng Ching Thoon 1121115902 https://padlet.com/huda_mohd/tut7_q5/wish/226900018 Why consumer own credit card would want to use electronic payment such as PayPal for internet transaction ?
- E-Payment allow consumer to pay online which is faster and convenience.
- Through E-Payment, consumer able to done transaction easily and don't have to go physical shop to do the transaction.
- E-Payment provided enough trust for consumer in terms of security and hide personal information.

Why would small merchant use electronic payment rather than accepting credit cards?
- Since they are small business, they are vulnerable to hacker.
- Price and product of small merchant are not expensive and thus they only accept e-payment instead of credit cards.
- E-Payment help small merchant to solve cash flow problems and credit card take few days.
- Small merchant able to set up automatic payment.]]> 2018-02-01 05:33:08 UTC https://padlet.com/huda_mohd/tut7_q5/wish/226900018 Tan Kai Ren 1132700989 https://padlet.com/huda_mohd/tut7_q5/wish/226900086 Today, electronic payment systems such as PayPal have become more and more popular with internet web transactions. Some reasons to why consumers who own credit cards as well as merchants might want use an electronic payment such as PayPal would be due to its convenience, security, and low cost.
Consumers who set up a PayPal account can easily pay merchants even if they do not have a PayPal account themselves. The transactions process immediately, therefore, merchants who wait for payment before shipping will ship products to consumers faster. For merchants, this promotes better customer service and higher chances of returning customers.
Electronic payment systems also process transactions more securely. This decreases the risk for fraud. Having this security gives both consumers and merchants the trust to support business as oppose to credit card transactions, which has a higher fraud rate.
Also, unlike credit cards, electronic payment systems such as PayPal have no fee to individuals. Credit cards have least an annual fee to consumers. With merchants, their credit card fees are much higher. They are charged per-transaction and monthly fees. Using a low cost system such as PayPal would not only increase business profits, but also have the possibility of lowering consumer prices.
]]> 2018-02-01 05:33:46 UTC https://padlet.com/huda_mohd/tut7_q5/wish/226900086 AU MEI LING https://padlet.com/huda_mohd/tut7_q5/wish/226900385 Consumer feel very convenience. In most cases, they only need to enter their credit card information once, such as credit card number and CVV. The information is then stored in a database on the retailer's Web server. When they come back to the Web site,  just log in with username and password. Completing a transaction is as simple as clicking your mouse.

  • Reaching more clients from all over the world, which results in more sales.
  • More effective and efficient transactions — It’s because transactions are made in seconds (with one-click), without wasting customer’s time. It comes with speed and simplicity.
  • Convenience. Customers can pay for items on an e-commerce website at anytime and anywhere. They just need an internet connected device. As simple as that!
  • Lower transaction cost and decreased technology costs.
  • Expenses control for customers, as they can always check their virtual account where they can find the transaction history.
  • Today it’s easy to add payments to a website, so even a non-technical person may implement it in minutes and start processing online payments.
  • Payment gateways and payment providers offer highly effective security and anti-fraud tools to make transactions reliable.
]]> 2018-02-01 05:36:44 UTC https://padlet.com/huda_mohd/tut7_q5/wish/226900385 1131119354 LIM YONG JIAN https://padlet.com/huda_mohd/tut7_q5/wish/226900660 electronic payment systems have become more and more popular with internet web transactions. Some reasons to why consumers who own credit cards as well as merchants might want use an electronic payment such as PayPal would be due to its convenience, security, and low cost.
Consumers who set up a PayPal account can easily pay merchants even if they do not have a PayPal account themselves. The transactions process immediately, therefore, merchants who wait for payment before shipping will ship products to consumers faster. For merchants, this promotes better customer service and higher chances of returning customers.
Electronic payment systems also process transactions more securely. This decreases the risk for fraud. Having this security gives both consumers and merchants the trust to support business as oppose to credit card transactions, which has a higher fraud rate.
Also, unlike credit cards, electronic payment systems such as PayPal have no fee to individuals. Credit cards have least an annual fee to consumers. With merchants, their credit card fees are much higher. They are charged per-transaction and monthly fees. Using a low cost system such as PayPal would not only increase business profits, but also have the possibility of lowering consumer prices.

]]> 2018-02-01 05:40:35 UTC https://padlet.com/huda_mohd/tut7_q5/wish/226900660 https://padlet.com/huda_mohd/tut7_q5/wish/226900863 1131121076 Chin Chiew Ling 
 
1.       Most people already have an account, so paying you is as easy as logging in and accepting the payment. As a merchant, you can accept several types of credit cards, and you have several ways you can invoice the customer. 
2.       Created an application programming interface (API), so web developers could integrate payments directly within the application. 
3.       No monthly fees. Most merchant processing sites charge you a monthly fee to use their processor, and then they charge you another fee depending on the type of credit card used. For a new startup, these fees can dig into your revenue. 
4.       Sign up as a business account to work with large amounts of money, you also have the added benefit of transferring money directly to your bank account with no hassles. It usually takes about a day or two for the cash to show up in your bank account. Incidentally, you can also use the PayPal account to pay other merchants, so it provides a payer platform for you to pay for services. 

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