A review on a post on e-tailing from My E-Commerce blog

In my opinion, Touch 'n Go or TnG smart card had bring a lot of benefits to us which makes our life become more convenient.

It is easier to get a card. A standard card can be purchase at the price of RM20. It consist of RM10 deposit value and RM10 usage amount. User can reload the card at toll plazas, train stations, Automated Teller Machines, Cash Deposit Machines, Petrol kiosks and at authorised third party outlets. Reload denomination is ranging from RM20 to RM500.

This card can be use in many ways such as toll fees, parking, public transport and theme park. It is used by Malaysian toll expressway and highway operators as the sole electronic payment system (EPS). In this cases, Touch 'n Go systems are designed to process up to 800 vehicles per hour, if it is use together with SmartTAG (a non-stop electronic toll collection system), which will be able to process up to 1,200 vehicles per hour. This will be able to ease the congestion at toll. This is very convenient for the consumers which they need not to prepare for exact change or wait for the teller to give back the small change. It is also can reduce the cycle time especially during the peak hours.

The Application of Pre-Paid Cash Card for Consumers

A prepaid credit card which is not like a credit card, because it does not have credit is offered by the card issuer. For instances, when the card-holder using the card to spends money which has been "stored" via a prior deposit by themselves. However, it is can be used in similar ways with credit-card such as Visa or MasterCard but make sure it have money inside your bank. With prepaid credit cards you are not charged any interest but you are often charged monthly fees after an arbitrary time period.

The prepaid cash card using in Hong Kong is the Octopus card which is a stored value smart card used to transfer electronic payments in online or offline systems. The Octopus card system has since grown into a widely used in Hong Kong for purchases on virtually all public transports.It is available at over 1,000 different Service Providers including convenience stores, supermarkets, fast-food restaurants, on-street parking meters, car parks, and other point-of-sale applications such as service stations and vending machines.

Octopus is also used for office and residential premises access control. As each Octopus has a unique ID number, cardholders only need to register their Octopus at the management office, and the ID will be stored in the central security system. Therefore who are not residents or employees will not be able to gain access to the building.

Besides, Octopus has been introduced into the school environment which is convenient to the students and making their school life easier. Students can now use Octopus to buy food at tuck shops and kiosks, for roll call and for miscellaneous school payments.

Octopus provides an Automatic Add Value Service (AAVS) through which your Octopus is automatically reloaded by debiting your credit card account with HK$250 or HK$500 (to be decided by customers upon application) as soon as the value falls below HK$0.

Electronic currency (payloadz)

Payloadz offer an easy & powerful e-commerce service. Payloadz are sold downloadable products such as music, software, e-books and other files. It manages the transaction through eBay and provides the server space to store the files.
Anyone of us can use payloadz to sell any digital files online. We just need to set up a payloadz account & paypal account. With the account configured, we can ready to enter the products that we wish to sell. There will have an instruction to assist us.
When customers browse our web site & decide to buy something, they imply click the “buy now” button that adds the item to their shopping cart, and when they’re done shopping. They click the “check out” button & are prompted for their paypal account information. After the sale, payloadz will send an e-mail to the customer & provides a link to download the product. The link serves a traditional pop-up box so customer can “save” or “open” files. Meanwhile, payloadz also send e-mail to us that let us know that someone purchased our product.
For security, PayLoadz supports keys that require customers to validate and register their products. PayLoadz also offers an option to reference "remote key scripts" that are running on remote servers to create keys.
To tell what we have doing, PayLoadz offers a complete selling history that lists transaction IDs, dates of sale, item numbers, item names, quantities purchased and customers' names and e-mail addresses. There's also a product report that tells us the quantities of products sold and provides a purchase history.

Credit Card debts: Causes and Prevention

Nowadays, people like to be a credit card holder, because it can bring them convenient and attraction. On the other hand, it also can bring over some trouble for them such as bankruptcies.

First, unemployment is one of the causes. Households are forced to use credit card for groceries, utilities and some expenses purposes to maintain current lifestyle when the main breadwinner of the household has loss his job and could not find a new job during short periods. This may lead to a rise in debt when expenses are not cut down in line with the reduction in income. Second, is gambling. Today, gambling has become part of entertainments in our life. It is hard to stop when it becomes addictive. Thus, it will surely lead to a financial disaster if borrowing money through credit card for gambling. Third is divorce. Fees that must spend for divorce such as lawyer fee, division of assets between husband and wife, proceeds given to children are the way to rack up huge debts by using credit card if it is the gap between the expenses and income. Moreover, it will lead to reduction in income because divorce may force some people to quit their job and to have a walk in other countries.

It's not that hard to get a credit card, but we want to make sure that we are at a decent annual percentage rate, that won't bankrupt us when we see the first payment being due. Here is some prevention method for credit card debt. Which we just sign up for companies that is willing to offer us a low percentage rate. Make a budget. Create a budget that includes monthly bills, miscellaneous expenses, try to avoid the expensive purchases and do not spend it on unimportant things. Self control and discipline. One of the best practices is to have a direct set up so that able to pay back the full amount each month and use in emergencies. Thus, self control and discipline to keep these cards in wallet and would not overspend.

Credit card can bring us pros and cons. Card holder should use it in the smart way, and stay with a well financial situation.

Credit Card debts

Nowadays, many people are having credit card. They are using future money to get their current material enjoyment. But once you fall into the credit card debts, which in turn affect the rest of your life. Actually credit card can be means as debt and financial instability. Therefore, more and more people are getting debts.

The reason can be such person less income but more expenses. It can be happens when he lost his job but monthly expenses are not cut down in line with the reduction in income. This obviously leads to a rise in debt and forced to use credit card to fulfill their desire.

Poor money management is also one of the best reasons why so many families accumulate lots of debt. You might be spending hundreds of dollars every month towards items that are useless and have no value in your life, yet you do not realize it. While your money is going towards purchasing useless items, you might also be charging your necessary purchases on your credit card, forcing you to pay interest on these purchases every month.

Some people are too relying on credit card. Credit cards should be valued for their convenience, but you should not be using them as extra income. If you are using credit cards to purchase something to make ends meet, then you may be having serious debt trouble. If you do not have enough money to pay for something in cash, then you really do not have enough to pay for it via credit card either.

On the other hand, when some serious or important matter has happened that require a certain amount of fund to assist such as medical expenses, you use your credit card because you do not have enough money in your savings account. Thus, it can also cause a person suffering credit card debts.

The best method for prevention of credit card debt is teaching our youngest generation about money before they are qualifies for a credit card. There is a case show that students are entering college without having a personal finance class or knowing how to balance a checkbook. Yet once students arrive on campus credit card issuers are eager to sign them up. College students are racking up the bills. Some even drop out of college to find a job so they can pay their credit card bills. And those who do graduate typically enter adulthood with thousands of dollars in credit card debt and student loans. Thus, they learn how to manage finances the less likely they will be to fall into credit card and debt problems as an adult.

In order to avoid any debts incurred by using credit card, we should pay the balance in full. This is important in keeping control of your credit cards. In cases of emergencies where your emergency fund would not cover the whole amount you need to charge, experts say at least pay more than the required minimum payment. This means that while you have the convenience of using the card in emergencies or while abroad, you have a strong incentive not to let your lending get out of hand.

However, credit card holders should manage finance of themselves. They have to determining his/her monthly income and expenses needed and avoid having to put a large amount of debts on a credit card in time of a crisis. It is to help them keep on track set goals and put motivators in place.