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Paypal
Paypal is more than likely the most widely used payment service program used today. This payment service has over 60 million users worldwide and there are over 190 countries that use it for money transactions. Paypal was created by Ken Howery, Max Levchin, Elon Musk, Luke Nosek and Peter Thiel. These innovators saw the opportunity to create an online business that would eventually be used around the world. It is strictly an e-commerce business that is completely internet dependant. The company was founded in 1998 during the Dot-Com bubble but was able to make it out alive with little discrepancies. Working with Ebay, paypal was able to build its success very quickly. This payment service generates a whopping $4 billion dollars year …show more content…

They only charge 2% of the price that any product is sold for and they tacked on a 20 cent fee per transaction. This is a better deal than what Paypal has to offer. Google Checkout is fairly new to the E-commerce world and has a promising future with merchants and consumers who wish to commence in online business. Google Checkout is reinforcing its customers with one of the biggest online companies in the world, which is Google itself. You can also be sure to trust this money processing company because they also look for fraudulent activity. The customer service is great and they always look out for their customers’ best interest. Although I have given much praise to Google Checkout, I must inform you that there are some disadvantages that I must bring to the surface. Google Checkout is not as user friendly as Google itself. There is a 10 day required waiting period for a payout. This payout waiting time is decreased to 2 days after you have had an account in good standings for 60 days. The last disadvantage would be that Google Checkout has only been around since 2006. It is still a fairly new money processing company to the E-commerce world and many consumers are hesitant to try it out.

Volusion Volusion is a fairly new money processing company with over 10,000 account holders as of 2012.. This company has the potential to be a huge competitor to Paypal and Google Checkout. Volusion was

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