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Unformatted text preview: that protects the consumer from theft, while at the same time allowing for an easy financial transaction. It is also possible for consumers to create “virtual wallets”. These hold a determined amount of “e-cash” (aka: web based currency) for use with internet based purchases. Paypal is an example of a virtual wallet provider. On a different scale, there is the ability to make cash or check payments. This method is dated, but is readily acceptable worldwide. Unfortunately, these methods are slow and have not aged well with the internet. More often than not, I find myself using a virtual wallet. I can link this wallet to my real bank account and add/withdraw money at leisure. All of the internet market-places that I shop at accept Paypal, and more recently, this appears to be a common occurrence internet-wide....
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- Spring '09
- ITunes, virtual wallet, Electronic Payment systems, modern electronic economy