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Internet Payment Alternatives

There are many options for securing managing and transferring capital online.

Corporations that have multiple locations or business partners scattered across the globe are often challenged when it comes to sending and receiving payments electronically.

Luckily, there are quite a few options for those who wish to process transactions online, as Marc Davis explains

Corporations that have multiple locations or business partners scattered across the globe are often challenged when it comes to sending and receiving payments electronically.

Luckily, there are quite a few options for those who wish to process transactions online, as Marc Davis explains on Investopedia. The added benefit to using payment methods other than credit cards is that they are usually safe, simple, fast and inexpensive. PayPal remains the dominant processor for ecommerce transactions, but bank transfers enabled by a text message and online banking epayments are becoming the norm.

Mobile phones and tablet computers are coming to be seen as just another banking device, used by consumers and corporations alike to access their financial accounts.

CFOs will be glad to hear that many of the major U.S. financial institutions are also evolving their wire and electronic transfer services, working to add additional countries, currencies and methods.

For instance, Visa has created a new product that companies may find useful when sending an employee to a developing country - a prepaid account that can be accessed with just a mobile phone.

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