CMPT 100 Lecture Notes - Webmoney, Turing Test
12 Oct 2012
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Credit cards: most popular form of online payment, generally have pre-set spending limit, advantages. Limited liability for cardholder in case of theft: disadvantages. Merchants may be susceptible to transaction fraud. Most of the world"s population does not have a credit card. Smart cards: data is encrypted, card is physically more expensive to produce, more data stored, more cards cost. Intermediaries: paypal, neteller, cell phones. , act as intermediary to transfer funds between buyer and seller accounts, like a bank, advantages. Not reliant on proprietary software (but must agree to vendor defined payment condtions) Small sellers are able to accept credit card payments: neteller provides many convenient ways to load/withdraw funds. No charge to sign up, pay with, or send funds, from a firepay to a merchant who accepts firepay: webmoney. This payment system is the most popular one for russian-speaking players: e-gold. Costs nothing to open e-gold account: e-commerce: ethical issues.
