Electronic money can be defined as money or scrip which is exchanged electronically. Basically, this exchange process involves the use of computer networks, the internet, as well as digital stored value systems. Electronic Funds Transfer (EFT) and direct deposit are examples of electronic money. On the other hand, it is a collective term for financial cryptography and technologies enabling it.
Hereby, there are two types of famous electronic currency are needed to demonstrate, which are PayLoadz and Peppercoin.
The PayLoadz system works in conjunction with PayPal or Google Checkout to provide anyone who wants to sell a digital product the platform to do so. It is especially useful to merchants wanting to sell intangible goods to customers’ right from their own web site or in online auctions. There is no special programming or server requirement needed. In other words, it just cut and paste the HTML code provided.
The following information shows how PayLoadz delivers the digital goods to the customer:
1.A customer browses a web site and finds the product that they would like to purchase.
2.They click the “Buy Now” links generated from the PayLoadz system to add an item to their shopping cart.
3.Once finished adding items, they click on “Check Out” to purchase their items.
4.They will be prompted for their PayPal or Google Checkout Username and Password. If they do not have an account, they will be given the opportunity to create one or to check out without creating an account using a credit card or bank account as their funding source.
5.After they have completed the payment process, the PayPal or Google Checkout server communicates with the PayLoadz server and provides the transaction details to our system. This communication takes place “behind the scenes” neither the customer, nor the merchant, sees this process.
6.Our system then sends your customer an email which contains custom “thank you” text that you specify during the product creation process, and a link to download their product. They are also redirected to the download page, immediately after payment at PayPal and Google Checkout, that provides them instant access to their purchase.
7.The link is an encoded link that, when clicked, processes at the PayLoadz web site instantaneously and prompts the customer with a download popup box asking to “Save” or “Open” the file.
8.The whole process happens in a matter of seconds. You are notified with two emails, one duplicate of the email sent to the customer from PayLoadz, and one for Notification of payment from PayPal or Google Checkout. We send the duplicate download email to you in case there is any problem with the email delivery to the customer. A person can purchase and download your goods in under a minute.
On the other hand, Peppercoin develops and markets an innovative suite of products and services for processing small payments that enables merchants and financial services companies to grow revenue and profits through the sale of low-priced offerings. When digital and physical merchants deploy Peppercoin, consumers can use their debit and credit cards for purchases of any size.
Furthermore, Peppercoin offers:
(i)Purchase Plan Flexibility- Supports blended pay-per-use, pre-paid, subscription and post-paid payments.
(ii)Market Flexibility- Supports physical point-of-sale, online and mobile transactions.
Besides that, it helps merchants increase revenues while decreasing costs associated with small payments.
1. Increased revenues:
From new low-priced products for sale
From new, card wielding customers
2. Decreased costs:
Intelligent Aggregation™
Automated Consumer Self-Care
Lower costs resulting from Peppercoin's distributed processing and storage
Lastly, Peppercoin resolves key processing challenges by:
1.Reducing transaction processing costs with Intelligent Aggregation™.
2.Minimizing customer service expenses with online, automated consumer self-care.
3.Managing exposure to risk.
Related link:
http://help.payloadz.com/help/default.aspx?page=FAQ.aspx#pyldz
http://gold-pages.net/Peppercoin.htm
https://www.payloadz.com/?gclid=CJS-kOX9u5sCFY0vpAodRlJ92w
Hereby, there are two types of famous electronic currency are needed to demonstrate, which are PayLoadz and Peppercoin.
The PayLoadz system works in conjunction with PayPal or Google Checkout to provide anyone who wants to sell a digital product the platform to do so. It is especially useful to merchants wanting to sell intangible goods to customers’ right from their own web site or in online auctions. There is no special programming or server requirement needed. In other words, it just cut and paste the HTML code provided.
The following information shows how PayLoadz delivers the digital goods to the customer:
1.A customer browses a web site and finds the product that they would like to purchase.
2.They click the “Buy Now” links generated from the PayLoadz system to add an item to their shopping cart.
3.Once finished adding items, they click on “Check Out” to purchase their items.
4.They will be prompted for their PayPal or Google Checkout Username and Password. If they do not have an account, they will be given the opportunity to create one or to check out without creating an account using a credit card or bank account as their funding source.
5.After they have completed the payment process, the PayPal or Google Checkout server communicates with the PayLoadz server and provides the transaction details to our system. This communication takes place “behind the scenes” neither the customer, nor the merchant, sees this process.
6.Our system then sends your customer an email which contains custom “thank you” text that you specify during the product creation process, and a link to download their product. They are also redirected to the download page, immediately after payment at PayPal and Google Checkout, that provides them instant access to their purchase.
7.The link is an encoded link that, when clicked, processes at the PayLoadz web site instantaneously and prompts the customer with a download popup box asking to “Save” or “Open” the file.
8.The whole process happens in a matter of seconds. You are notified with two emails, one duplicate of the email sent to the customer from PayLoadz, and one for Notification of payment from PayPal or Google Checkout. We send the duplicate download email to you in case there is any problem with the email delivery to the customer. A person can purchase and download your goods in under a minute.
On the other hand, Peppercoin develops and markets an innovative suite of products and services for processing small payments that enables merchants and financial services companies to grow revenue and profits through the sale of low-priced offerings. When digital and physical merchants deploy Peppercoin, consumers can use their debit and credit cards for purchases of any size.
Furthermore, Peppercoin offers:
(i)Purchase Plan Flexibility- Supports blended pay-per-use, pre-paid, subscription and post-paid payments.
(ii)Market Flexibility- Supports physical point-of-sale, online and mobile transactions.
Besides that, it helps merchants increase revenues while decreasing costs associated with small payments.
1. Increased revenues:
From new low-priced products for sale
From new, card wielding customers
2. Decreased costs:
Intelligent Aggregation™
Automated Consumer Self-Care
Lower costs resulting from Peppercoin's distributed processing and storage
Lastly, Peppercoin resolves key processing challenges by:
1.Reducing transaction processing costs with Intelligent Aggregation™.
2.Minimizing customer service expenses with online, automated consumer self-care.
3.Managing exposure to risk.
Related link:
http://help.payloadz.com/help/default.aspx?page=FAQ.aspx#pyldz
http://gold-pages.net/Peppercoin.htm
https://www.payloadz.com/?gclid=CJS-kOX9u5sCFY0vpAodRlJ92w
I suggest we can use the electronic money in future as the benefit is exceed than the disadvantages.
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