Originally, the only way shoppers could pay for their online orders with cash was by mailing paper checks. But the delays waiting on the mail and waiting for the check to clear often caused backorder situations and disgruntled customers. Checks have quickly become obsolete online.
The second generation of cash payments arrived with online debit. Faster than paper checks, debit quickly gained traction. Many consumers switched to this payment method but found they were concerned about the security, liability and hidden fees. They started to look for a new, safe and free alternative.
The evolution continued and other types of payment methods evolved to replace online debit, credit card and check payments. Some of these new alternatives are cart based, some are new forms of credit, and others are new forms of debit like eBillme. eBillme was created as a secure debit option that resolves all of these issues by providing secure debit with comprehensive buyer protection and no hidden fees. The next generation of cash payments online is eBillme.
Many online retailers are moving quickly to integrate these alternative payment technologies into their checkouts – so that they’ll be ready for you as you shift the way you pay for things online. According to a May 2008 survey by First Annapolis Consulting Inc., “41% of the merchants surveyed reported accepting at least one alternative payment form, and nearly half of those accept at least two payment forms.“ As alternative payment options become the standard offering online, many consumers like you are becoming more and more comfortable placing orders online using these methods.
