More Payment Options Coming?

[AmandaT]

With the economy as it is, and people losing their credit cards, I imagine some e-commerce stores will find other ways to handle purchases, with one resembling "lay-away. Of course, the item wouldn't be sent to the buyer until the balance was paid in full, but it is a possibility.

What creative payment methods might develop to circumvent the use of credit or debit cards?

Do you think "making other arrangements" might catch on enough that people might really cut back on their use of existing online payment processing services?

[manojjonam10]

I don't think an alternative payments method will develop against using credit card and debit card. It is very hard to get customers for such payment method and it is prone to have many vulnerabilities.

[Scott]

I don't think Debit cards are much of a problem, as they generally use money out of a bank account rather than a credit account which you then have to pay back.

[florentin]

businesses would only loose from offering additional payment methods, especially if these methods are 'delayed'

by delaying payment, you are actually allowing your potential customer to have some time to look for similar products/services elsewhere

[iketz0]

I think Credit cards is the most practical way of paying.. But it depends on how you manage your credit cards..

[TheGooroo]

You make a good point. I haven't seen any changes till now, but we'll have to wait and see.