Homework of E-Commerc

Topics: Credit card, Bank of America, MasterCard Pages: 3 (758 words) Published: February 23, 2013
PART II: Practical Part
1. What is PaidByCash payment system? How can it be used? What are its benefits and limitations? What kind of payment system does it belong to?
PaidByCash has four method to payment:
-Pay with Credit Card it should to enter your credit card number , expiration date and security code (visa master card ….etc) and click continue to check the info. -Pay with PayPal Simply choose PayPal when you select a payment option on this site, and you can quickly open a PayPal account and add your payment method to complete your purchase. You can use your PayPal account to shop safer with millions of merchants and sellers around the globe wherever you see the PayPal logo. How to Make a purchase. |

| • | Spend at least $250.|
| • | Complete your purchase by midnight ET on February 28, 2013.| | • | Select "Yes, I'd like no payments for 6 months..." at checkout to receive your offer | -Pay with Bill me later SPECIAL OFFER: NO PAYMENTS + NO INTEREST IF PAID IN FULL IN 6 MONTHS. Interest will be charged to your account from the purchase date if the purchase balance is not paid in full within 6 months. The main idea no pay until 6 month.

-Pay with Phone or Email here no get your order before pay !! Benefits: PaidByCash offer four methods to payment in easy way. Limitations: I think no limitations.
What kind of payment system does it belong to? Cash , Credit Card .

2-Do Visa and MasterCard issue any credit cards? What do they offer? How do they make money? Which one do you prefer to use?

" The two leading credit card companies in the world today are the competitors Visa and MasterCard. They both operate along very similar lines. While Visa can claim to have almost a billion cards issued, MasterCard has over twenty five thousand banks issuing its cards and it is difficult to find any difference in the number of locations worldwide that accept the cards, which is...
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