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/ Technology

As consumer credit shrinks, online retailers look to alternative payments

Credit card issuers are reducing credit limits for many consumers, and experts say those credit lines will shrink even further this year. Overstock.com and Buy.com are among the e-retailers turning increasingly to alternative payments to close sales.

Posted 01/07/2009Paul DemeryPost a comment

Credit card issuers are reducing credit limits for many consumers, and experts say those credit lines will shrink even further this year. Overstock.com and Buy.com are among the e-retailers turning increasingly to alternative payments to close sales.

/ Technology

New sister companies PayPal and Bill Me Later team up on a promotion

Selected PayPal customers who use Bill Me Later when making an online purchase of $50 or more will get $10 off in the promotion that begins tomorrow. There will be no fees or interest on these purchases until April 1.

Posted 11/20/2008Katie DeatschPost a comment

Selected PayPal customers who use Bill Me Later when making an online purchase of $50 or more will get $10 off in the promotion that begins tomorrow. There will be no fees or interest on these purchases until April 1.

/ E-Retailers

EBay buys Bill Me Later and plans to cut staff by 10%

EBay Inc. announced today it is purchasing Bill Me Later and two European classified advertising sites in a bid to boost its online payment services and classified business. In the same announcement, the online marketplace says it will cut staff by 10%.

Posted 10/06/2008Katie DeatschPost a comment

EBay Inc. announced today it is purchasing Bill Me Later and two European classified advertising sites in a bid to boost its online payment services and classified business. In the same announcement, the online marketplace says it will cut staff by 10%.

/ Technology

Online retailers offering more alternative payment methods, new study shows

30% of 100 major online retailers were offering new payment methods as an alternative to credit cards in December 2007, up from 24% in February, according to a study by Brulant, a provider of interactive marketing and web site design services.

Posted 01/03/2008Paul DemeryPost a comment

30% of 100 major online retailers were offering new payment methods as an alternative to credit cards in December 2007, up from 24% in February, according to a study by Brulant, a provider of interactive marketing and web site design services.

/ Technology

Amazon to offer Bill Me Later and take a minority stake in payment service

Bill Me Later allows e-retailers and catalogers to offer promotional financing, such as 90 days same as cash. To date, Amazon has only allowed customers to pay with credit and debit cards, a proprietary Amazon card or a direct debit from a bank account.

Posted 12/11/2007Don DavisPost a comment

Bill Me Later allows e-retailers and catalogers to offer promotional financing, such as 90 days same as cash. To date, Amazon has only allowed customers to pay with credit and debit cards, a proprietary Amazon card or a direct debit from a bank account.

/ Technology

More online shoppers will use alternative payment options, Javelin predicts

Payment methods other than credit and debit cards will account for 30% of online purchases by 2012, Javelin Strategy & Research predicts. Credit cards’ share will drop from 60% to 44% while debit cards hold steady at around 27%.

Posted 09/26/2007Don DavisPost a comment

Payment methods other than credit and debit cards will account for 30% of online purchases by 2012, Javelin Strategy & Research predicts. Credit cards’ share will drop from 60% to 44% while debit cards hold steady at around 27%.

/ Technology

PayPal adds Pay Later option

PayPal merchants initially will be able to offer 90 days same as cash. Additional promotional financing options are coming.

Posted 08/02/2007Don DavisPost a comment

PayPal merchants initially will be able to offer 90 days same as cash. Additional promotional financing options are coming.

/ Technology

Bill Me Later extends its service to small businesses

Many small businesses use personal credit cards for online purchases. I4 Commerce says its Bill Me Later Business service can help retailers capture a larger share of the $35.5 billion small businesses spend online each year.

Posted 06/21/2007Don DavisPost a comment

Many small businesses use personal credit cards for online purchases. I4 Commerce says its Bill Me Later Business service can help retailers capture a larger share of the $35.5 billion small businesses spend online each year.

/ Technology

Discovery discovers a payback on alternative payments

Despite long programming times, Discovery is pleased with several new alternative payment programs, senior vice president Kelly Day told attendees June 4 at the 2007 Internet Retailer Conference and Exhibition in San Jose, CA.

Posted 06/05/2007Mark BrohanPost a comment

Despite long programming times, Discovery is pleased with several new alternative payment programs, senior vice president Kelly Day told attendees June 4 at the 2007 Internet Retailer Conference and Exhibition in San Jose, CA.

/ Technology

Credit cards are losing online market share to alternative payment options

Alternative online payment options are chipping away at credit cards’ hold over online retailing, says Dan Schatt, analyst at Celent Communications, who will speak at IR2006. Less than half of e-commerce dollar volume will come from credit cards in 2009.

Posted 05/31/2006Kurt PetersPost a comment

Alternative online payment options are chipping away at credit cards’ hold over online retailing, says Dan Schatt, analyst at Celent Communications, who will speak at IR2006. Less than half of e-commerce dollar volume will come from credit cards in 2009.

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