What could be the best solution ?

softmind82 · Nov 22, 2005

i was thinking about mostly people if they shop online they have credit cards or any bank account but wot would be the best option for the people who dont have bank account or any thing to pay online forgot about pay pal or like that
well there might be people to afraid paying online ....
..... what would be the best way to pay fast method for them ...? please help me out

clairemackaness · Nov 22, 2005

Hi there, I guess what your trying to say here is, that you think you have found a niche in the market?

Personally if people dont like paying on line then they are not going to whether they have a card and/or bank account or not.

There are hundreds of payment solutions out there, but security is always the issue.

If you want to develop a new product I'd look at security rather than yet another payment option.

fastfences · Nov 22, 2005

My first reaction was that they'd pay by cheque. But, you mention also that they have no bank account.

Therefore, I can't imagine anyone in such a poition shopping online - that's if they even have a computer!!
Cheers, Nigel

softmind82 · Nov 22, 2005

clairemackaness said:
Hi there, I guess what your trying to say here is, that you think you have found a niche in the market?

Personally if people dont like paying on line then they are not going to whether they have a card and/or bank account or not.

There are hundreds of payment solutions out there, but security is always the issue.

If you want to develop a new product I'd look at security rather than yet another payment option.

i do agree security is a big issue but tell me and imagine if i m in 3rd world some where and gonna starting any business and people are intrested as well to buy online but wot is alternative and freely method will be available for instant payment .. like people might be scared that they will jus loose their money but infact they r not i mean all i want to create trust atmosphere .. well giv me suggestion for payments except banks accounts/ or credit cards .. got me ?

SuffolkDesigns · Nov 22, 2005

There are services like western union, however they often tend to be expensive and offer less protection to the consumer than paying with a card or paypal.

TWD-Tony · Nov 22, 2005

"How would someone without a credit card / Bank Account pay for something over the net?" - In the UK... Postal Orders!

If you are thinking of developing a payment processor then you are about 5 / 10 years to late... People are FAR to paranoid about being ripped-off online to even consider a small processing outfit - You would need to partner with a major bank or financial institution to be taken seriously...
Then there is the obvious problem - If you are going to handle the payment processing for people without CC's and Bank Accounts... How are you going to get paid in the first place?????

The only way that instantly springs to mind is that you could create a bank account that a user could pay INTO - and then once they had provided proof that they had paid in - you could pay the merchant... But I think that the local authorities / Banks would block this due to money laundering worries :?:

thegateways · Nov 23, 2005

If you follow simple rule and use your common sense I don't think online shopping is unsecured. I personally have two type of credit card, I use less credit limit card most of the time during online shopping, to take calculative risk.

SillyJokes · Nov 23, 2005

You could pay using your phone - M Pay for instance.

softmind82 · Nov 23, 2005

SillyJokes said:
You could pay using your phone - M Pay for instance.

could u tell me about this method or can u refere me any web link to take some more info about it ...

well i m actually planing to start business out side uk even out side from europe.... thats y i m jus asking for secure payment methods except having cc's and bank accounts

thegateways · Nov 24, 2005

Few company have their proprietary fraud scrubbing service using most advanceed fraud screening technology, I don't think you've to worry about this if you select a good processor who deals in most secured environment.

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What could be the best solution ?

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