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Author Topic: Why Credit Cards Are Not the Future of Online Payment  (Read 911 times)
Stephen Gornick
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March 03, 2011, 09:16:11 AM

Recent global economic woes have combined with the continued rise of alternative payment methods to finally mount a serious threat to the traditional credit card.

From a merchant’s perspective, the cost of accepting credit cards — and the associated hidden fees — can make accepting payments online prohibitively expensive. Clearly it’s easy to see why credit-based products that were designed from the beginning for the online experience are rapidly gaining market share.

hat tip to Jon Matonis @jonmatonis on Twitter

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