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FREQUENTLY ASKED QUESTIONS ABOUT
ECOMMERCE
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How to offer e – gift certificates
on my web site?
E – Gift
certificates function in the same way as
traditional paper ones do, except that
these are used for online shopping.
There are several software applications
which can provide such a function to
your website.
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What exactly is check verification
or guarantee?
Check verification
is a software application which makes
sure that your checks get cleared. You
will not have to worry about check
rebounds any more. This solution will
cost you just as much as your credit
card acceptance software, but some
companies offer at a lower price.
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What exactly are checks by email or
fax or phone?
Checks by email or
fax or phone are a good alternative to
accepting credit cards. It permits you
to collect payments from your customers
through checks given over the mail, fax
or phone.
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What is processing of Debit Card?
Processing your
debit cards is just like processing
credit cards. However, here debit cards
are used instead of credit cards.
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What is EFT or electronic funds
transfer?
EFT is a mode of
making payments where your customer will
use the facilities of the ACH or
automated clearing house to transfer
money from his account to your account,
electronically. This is the only payment
mode where the merchant will initiate
the payment transaction. It can also be
used to pay bills.
One of the
important functions is that on the due
date money is collected from the
customers as cash not as uncollected
funds. This method of collecting money
is much less costlier than the
traditional methods which involve
employee costs, postage, mail, using
statements and bill collecting. EFT
transactions are charged based on the
number of transactions and not the value
of the transaction. Therefore, with a
huge volume this cost becomes
negligible.
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What is EBT or Electronic Benefits
Transfer?
Shopping for
groceries is the most widely performed
activity in the world. If you have a
business dealing with food, you will
mostly know that not everybody pays with
credit cards or cash. Many people use
something called as food stamps.
Initially, paper was used to print food
stamps which could be used to buy
ration. However, now these food stamps
are given in the form of “Electronic
Benefits Transfer Card”.
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What is Secure Order Protection? Is
it necessary?
Secure Order
Protection is known as Secure Socket
Layer or SSL, secure certificate, etc.
This must be integrated with all
internet based businesses that are using
credit card processing in real time.
This technology acts as a barrier
between your site and the hackers so
that your customer’s details are safe
and secure.
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What exactly is the shopping cart
application? Is it necessary?
If you are running
a business on the internet, then a
shopping cart application is definitely
required, more so if you have more
products on the shelf. This application
will provide a user friendly experience
to your customers which are necessary
for the growth of your online store.
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