"Who Needs Cash When There's Electronic Money!"

It's a new world. Gone are the days of writing paper checks and
entering credit card numbers. Now with the click of a mouse you
can pay anyone anywhere, anytime, or you can receive payments
yourself without a merchant account. All you need is the right
service and an email address.

There are so many "electronic payment" services on the Net
today, if you're not taking advantage of them you're missing
out on a fast, simple way to move money around. If you're
selling products or services online, adding one or more of
these payment processes to your site will give your visitors
more options and possibly result in more sales for you.

Let's examine some of the Top Players a little more closely:

1) PayPal http://www.PayPal.com

PayPal has to be the most popular of the payment
services available by far. They offer three different
account types: Personal, which has a limit of 100.00 per
month in credit card payments; Premier, for those in need
of high transactions (which means you need to accept a
large number of credit card payments); and Business
accounts, which are intended for business use only. A
business account includes the ability to accept payment
from your website and use of PayPal's shopping cart along
with your own ATM/Debit card which allows you to access
your funds at any local bank or use the debit card like
a credit card at any store.

Fees: For Premier accounts
these are 2.2% of each transaction plus $.30. Business
users pay 2.9% per transaction plus $.30. There are no
transaction fees for personal accounts. They do allow
International payments for some countries; check the
site for details.

2) BidPay: http://www.BidPay.com

Owned by Western Union and devised to make paying for
online auctions easier. Basically, when you open an
account with them you purchase money orders that they
send out to pay for any auctions you may have won.
Cannot handle transactions over $700.00. The money
orders are mailed out within 24 hours. Emails are sent
to the buyer and seller once payment is on its way.
All payments under $100.00 are charged a $5.00 flat
fee. Money orders between $100.01 and $700.00 are
charged $5.00 +2.25% of the face value of the money
order. International access allowed but limited to
certain areas.

3) Yahoo Pay Direct http://PayDirect.yahoo.com

Send and receive money anywhere in the US with only
an email address. You can transfer money to and from
your online account with a credit card or from your
offline bank. U.S. accounts only with no fees of any
kind to use the service. The minimum amount of money
you can send is $5.00 and the max is $200.00 -- that is,
until you respond to a special verification mailing from
them, after which they up
your limit to $1,000.00

4) C2IT : http://www.C2It.com

This service is a part of Citibank, and when you register
with them you'll receive a $10.00 sign up bonus. This
one can be used to send cash to anyone in the U.S. with
only an e mail address. Funds can be drawn from a credit
card or your offline bank as well. Fees range depending
on the type of transaction. Sending cash from your C2it
account will cost you 1.00% of the transaction amount with
a minimum. of .50. To transfer funds from your linked
bank account to any linked account 1.60% of transaction
with a .50 minimum. Requesting a check will run you
$3.00. You must be a resident of the United States to
use this service.

As you can see, there are many options available to you
for moving cash around the Net quickly and easily.
Personally, I use PayPal and have found the majority
of people I encounter on the Internet have a PayPal
account. You'll want to take into account a service's
popularity before deciding on which one is just right
for you.

Moving money electronically is a beautiful thing!
And that you can take to the bank -- literally!