Tell me the best reason, why people prefer to make payment on internet
while they are shopping?

Hi! Thanks for the question.

Here are the advantages of paying by credit card when making an online
purchase.

1. Credit card payment is safer than paying by check, cash, or debit
card.

“If you have an unauthorized charge on your credit card, under federal
law your liability is limited to $50. In fact, some credit card
issuers and web site operators say that under certain circumstances
they will even pay this amount for you.”

2. Credit Cards might be able to help you settle a dispute with an
online seller.

“You may be able to dispute the seller’s charges if the goods don’t
arrive or if you aren’t satisfied with them and return them.”

3. “You may save money by using a credit card if you pay it off in
full when the bill arrives.”

4. “In addition, some credit card issuers grant you extended
warranties or other advantages for purchases made with the card.”

You can read the details on the following link.

“HOW ARE YOU PAYING FOR THE ITEM?”
http://www.safeshopping.org/payment/index.html


Our next articles are general discussions of the advantages of using a
credit card for payment. Most of these are applicable to online
purchases as well.


“Credit card - to have or not to have  “
http://www.mouthshut.com/readreview/42226-1.html 

“Advantages and Disadvantages of Credit Cards”
http://www.creditinfoweb.com/card-basics/advantages.htm


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Regards,              
Easterangel-ga              
Google Answers Researcher

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Request for Answer Clarification by answersme-ga on 01 Sep 2003 14:10 PDT

in my positin as a seler, is that more secure for me to receive
paymnet via wire transfer or money order??

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Clarification of Answer by easterangel-ga on 01 Sep 2003 15:51 PDT

Hi again! This reason, on credit cards being more secure, provides
checks as an example but it could be applicable to wire transfers or
money orders as well.

"Without a merchant account, you're at the mercy of your customers
(who often get distracted and forget to send their checks), the Post
Office (which takes at least three days to deliver your checks), and
your bank (which makes you wait several more days for the checks to
clear your account)!"

"With the right merchant package, your customer's money is instantly
and automatically wired into your bank account, ready to spend within
24-48 hours. This means you can immediately reinvest your earnings,
grow your business, and keep up with the rapid growth of the Internet.
Even if you just use the money to pay your bills sooner, your life
will be a lot less stressful."

"What Does Our Merchant Account Services Provide For Your Business
Besides Increasing Traffic & Sales?"
http://www.wreckerbiz.com/html/merchants.html

Thanks!

Best Regards,
Easterangel-ga

good

Many online shopping sites offer no payment option other than credit
card. Those who will accept a check generally will not ship your
merchandise until the check has cleared that bank, which results in a
delay of several days.

You won't necessarily pay interest.  "Convenience users", who pay
their bills in full each month incur no interest.  (Unfortunately,
that's not me.)

Why you said You won't necessarily pay interest.  "Convenience users", who pay
their bills in full each month incur no interest. I can't get your point.

English must not be your first language.  People do not prefer to pay
interest.  If they use a credit card, they will pay interest if they
do not pay the bill in full at the end of the month (or billing
cycle).  Some people either don't care or have no choice.  In any
case, there is no actual preference for paying interest, it is just a
drawback of using a credit card.

The main reason why people pay for their Internet shopping with a
Credit Card is that it is the easiest and, with some vendors, the only
option.

Sending a cheque is more long winded and, if payment is to be made to
a vendor in another country, then the vendor may require an
International Money Order (IMO) which are even more inconvenient and
potentially more costly (depending on the value).

There have been occasions when I've had to send an IMO for quite
trivial amounts and the cost of the IMO had even been more than its
realisable value.