I got 3 questions to do with ecommerce: 1. In about 100 words, discuss issues th

Question

I got 3 questions to do with ecommerce: 1. In about 100 words, discuss issues that arise when processing small payments (under $10) for online transactions. Be sure to include a discussion of possible solutions to any problems you identify.
2.Write a paragraph in which you identify the types of companies that might offer a store-branded charge cards.
3. In about 100 words, explain what a chargeback is and how the risk of chargebacks might affect an online merchants relationship with an acquiring bank. I got 3 questions to do with ecommerce: 1. In about 100 words, discuss issues that arise when processing small payments (under $10) for online transactions. Be sure to include a discussion of possible solutions to any problems you identify.
2.Write a paragraph in which you identify the types of companies that might offer a store-branded charge cards.
3. In about 100 words, explain what a chargeback is and how the risk of chargebacks might affect an online merchants relationship with an acquiring bank. 1. In about 100 words, discuss issues that arise when processing small payments (under $10) for online transactions. Be sure to include a discussion of possible solutions to any problems you identify.
2.Write a paragraph in which you identify the types of companies that might offer a store-branded charge cards.
3. In about 100 words, explain what a chargeback is and how the risk of chargebacks might affect an online merchants relationship with an acquiring bank.

Explanation / Answer

1. In todays wolrd mobile telephone carriers are the most widely used small payments service. Buyers normally use their phone for purchasing & the charges are included on buyers monthly phone bill. Mobile carriers charge upto 30%of each transaction for this micropayment. Another 5% is charged by the company offering the services & the buyer actually ends up paying much more than the actual value of the product. Sales through the Google Play store are primarily paid as charges on thecustomer’s monthly mobile phone bill.

2. Many retailers, oil companies and gas stations issue their own cards. Store charge cards or store branded cards are cards which are issued by a specific retailer. Exxon fuel department or Kohl's department store issue their store charge cards.

3. The chargeback is a process in whichwhen a cardholder successfully contests a charge, the aquiring bankmust retrieve the moneyit placed in the merchant account. An aquiring bank may require a company to maintain funds on deposit in the merchant account to ensure that suffiecient funds are available to cover charge back.

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