Electronic money (also known as e-money, electronic cash, electronic currency, digital money, digital cash or digital currency) refers to money or scrip which is exchanged only electronically. Typically, this involves use of computer networks, the internet and digital stored value systems. Electronic Funds Transfer (EFT) and direct deposit are examples of electronic money. Also, it is a collective term for financial cryptography and technologies enabling it.
One example of the Electronic money is Paystone. It is founded in 2001, Paystone has operations in the United States, Canada and the Philippines with International cash out capabilities in many other countries.
Paystone provides an inexpensive online payment method without the risk of chargebacks from fraudulent credit card use. Paystone can efficiently handle small financial transactions (micropayments) as low as $0.25. The ability to process micropayments opens a whole new world for entrepreneurs of all sizes. A small business or individual now has a method of generating revenue from their website quickly, easily and inexpensively. This makes a whole new range of content available to personal account holders. The large online merchant can also realize the full benefits of the Paystone solution to expand and increase the profitability of their business.
In addition to payments Paystone also provides an email money transfer option. A Paystone account holder can send funds to the email address of anyone in many countries around the world. The recipient of the funds signs up for Paystone and can cash out the money to their local bank account. For companies sending a large volume of payments they can access the GroupPay© feature to send many individuals money all at once.
As an online business, you know how the high costs, limitations and risks of using credit cards can limit your opportunity to increase revenues. A Paystone Online Merchant Account can solve these e-commerce issues, allowing your customers pay per view access to your content.
For more information, please visit http://www.paystone.com/
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