[/align][align=center]
[/align]InfoGraphic: How Traditional Payment Networks Work
Moderator: Global Moderator
-
MachineGhost
- Executive Member
- Posts: 10054
- Joined: Sat Nov 12, 2011 9:31 am
InfoGraphic: How Traditional Payment Networks Work
[align=center][/align]
[align=center][/align]
[/align][align=center]
[/align]"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
-
Pointedstick
- Executive Member
- Posts: 8883
- Joined: Tue Apr 17, 2012 9:21 pm
- Contact:
Re: InfoGraphic: How Traditional Payment Networks Work
Just to play devil's advocate a bit here...
Having so many links in the chain means that if any one link goes bad, the chain itself can be reconstituted using another company to replace the bad link. Having Dwolla as a single point of failure means that you're relying on them for everything. Then again, I suppose you could simply have multiple payment processors alongside Dwolla to mitigate this risk.
I've used both PayPal and Google Checkout as payment processors for my business and I've been pretty happy with both. I really wish my shopping cart software let me accept Bitcoins though!
Having so many links in the chain means that if any one link goes bad, the chain itself can be reconstituted using another company to replace the bad link. Having Dwolla as a single point of failure means that you're relying on them for everything. Then again, I suppose you could simply have multiple payment processors alongside Dwolla to mitigate this risk.
I've used both PayPal and Google Checkout as payment processors for my business and I've been pretty happy with both. I really wish my shopping cart software let me accept Bitcoins though!
Human behavior is economic behavior. The particulars may vary, but competition for limited resources remains a constant.
- CEO Nwabudike Morgan
- CEO Nwabudike Morgan
-
MachineGhost
- Executive Member
- Posts: 10054
- Joined: Sat Nov 12, 2011 9:31 am
Re: InfoGraphic: How Traditional Payment Networks Work
Change your shopping cart software. https://en.bitcoin.it/wiki/Category:Sho ... Interfaces
I definitely plan to accept Bitcoins whenever I get my e-commerce site off the ground.
I definitely plan to accept Bitcoins whenever I get my e-commerce site off the ground.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!