Debt Free Resources

Buy Online Without a Credit Card

What is Graphcard?

Graphcard is an online payment system that enables anyone anywhere in the world to pay online without having a credit card

How does Graphcard work?

Graphcard brings together 3 players: customers who want to shop online, resellers who enable customers to keep their accounts liquid by selling virtual prepaid cards from Graphcard and merchants from whom the customers buy

To get started, each player has to open a Graphcard account from Graphcard’s homepage. For customers opening a personal account and distributors opening a reseller account, registration is completely free. There is a one time activation fee of $45 for merchant accounts. This fee is due when the merchant starts accepting payments online through Graphcard. Account-holders communicate with one another primarily via email.

For personal account holders and resellers, the next step after opening an account is to add funds to it. While resellers have a special arrangement with Graphcard that enables them load their accounts by wire transfer from their banks, personal account holders have various options; the leading one is to purchase a virtual prepaid card from a reseller. Alternatively, they can load using personal checks, electronic transfers from checking accounts, Western Union money transfers and money orders.

Once the account is active and funded, the shopping process begins. Customers identify the merchant from whom they want to purchase an item, and log on to their Graphcard account to send money via email to the merchant. If the merchant is registered with Graphcard, the funds are deposited into their account immediately. The buyer is not charged any fees for sending money this way. If the merchant is not registered but accepts checks or money orders, Graphcard makes payment using either option. When payment is effected, Graphcard notifies both the merchant and the customer of the payment via email. An online reporting tool also enables both parties to check the status of their transactions.

Graphcard has a cool feature that allows members to convert their Graphcard funds into an online debit card. This is accomplished by simply purchasing a virtual card using the funds from one’s Graphcard account. Graphcard then allows the account holder to view card details such as the card number, expiry date and CVV2 code via their secure 128 bit SSL encrypted website. The virtual card does not have personal information such as names and enables Graphcard account holders to shop online as they would with a traditional credit card but with the added benefit of anonymity.

So why should I choose Graphcard?

As an Internet user without a credit card or debit card, you will definitely want to sign on with Graphcard. Merchants looking for an additional revenue source should consider registering too.

Graphcard has opened up a whole new world of possibilities as it enables those without credit cards to shop from online sites such as Ebay.com Amazon.com, Yahoo.com, Google.com, lookingforromance.com and a wide variety of other merchants. The service is hassle free and straightforward: the only requirement is enough funds in one’s account to cover planned purchases.

For customers who possess a credit card but are concerned about the privacy of their financial information as well as protection from credit card fraud, Graphcard offers peace of mind. According to the Federal Trade Commission, credit card numbers and expiry dates are the two most sensitive pieces of financial information one can ever disclose to others. By using Graphcard, customers are guaranteed that fraudsters have no way of getting to that information.

For merchants, Graphcard is a dream come true as it gives them access to additional sources of revenue without having to worry about chargebacks. Recent studies show that at least one third of the estimated 750 million Internet users worldwide do not have credit cards to buy goods online with. This is due to the inability of their countries to accept credit cards. When a merchant begins to accept Graphcard, these underserved millions become viable customers immediately. Since Graphcard is a prepaid service, merchants are protected from the threat of chargeback and fraudulent purchases. Customers make their payment at the time of purchase and all transactions take place on a secure web site.

What about privacy?

Graphcard is the sole owner of all information that customers supply during the process of registration and when using the Graphcard website. While data such as names and shipping addresses may be shared with merchants from whom the customer makes purchases, bank accounts and credit card details are not divulged to third parties.

How does Graphcard make its money?

Since registration and online shopping is free for customers, the obvious question is how does Graphcard make its money? Graphcard’s main source of revenue is fees and commissions. For example, on conversion of an account to an online debit card, activation fees starting from $3.95 are charged. Monthly debit card statements cost $0.99 and another $0.99 is charged as a monthly service fee. Merchants pay a one time $45 to activate their account while Graphcard’s per sale commissions ranges from 2.99 to 5.4% of the total sale plus $0.44 per transaction.

So what is the downside?

The key challenge to this payment solution is signing up enough merchants who will accept Graphcard. As Graphcard account-holders are now able to convert their funds to an online debit card and make direct payment to merchants instantly, this problem seems to have been solved. Overall, buyers may still experience some minor glitches when paying on some web sites that are not set up to accept prepaid debit cards, but these are common problems and should not be a major issue.

In conclusion

As the boundaries of the digital economy expand daily, Graphcard will likely be one of the key players bringing in customers in currently underserved countries into the world of e-business. As its recognition grows, it may just become the premier method of online payments for those without credit cards in over 260 countries.

About the Author

Pay Online Without a Credit card

Contigo AUTOSEAL Kangaroo Water Bottle with Storage Compartment, 24-Ounce This water bottle delivers on essential needs while on the go. The AUTOSEAL Water Bottle with compartment delivers on a unique combination of style and function. Durable. Colorful. Functional. Holds your keys and credit cards. The AUTOSEAL Water Bottle is easy to drink from, easy to carry and has a protective cover at the spout . It’s the ultimate in on-the-go hydration with a compartment that hol…

Swiss+Tech 61010 Gift Box Set of Micro Mini Tools (Pack of 2) $17.95 This gift pack comes with two gift sets of three Swiss+Tech tools eachSwiss+Tech represents a quantum leap in the art of micro-tool making. They’re compact, easily transportable tools that combine craftsmanship and innovation to create a new category of patented consumer products–Key Ring Tools. Unlike all other multi-function tools, many Swiss+Tech tools have a patented, quick-release, integra…

Kikkerland Casino Bottle Opener $9.00 Kikkerland Casino Bottle Opener Ace Playing Card! Now you can always keep an Ace up your sleeve with our 18/8 stainless steel Ace of spades novelty bottle opener. The perfect addition to any poker game the Ace Bottle Get the lucky ace to open your favorite brew. This pocket bottle opener is so slim it’s easy to carry anywhere. Crafted from heavy duty 18/8 stainless steel and featuring …

Avengers Assemble $11.28 Marvel Music/Hollywood Records announce the return of Soundgarden with the release of the band’s first all new song in 15 years, “Live to Rise.” The song will be featured in the end credits to this year’s highly anticipated movie, “Marvel’s The Avengers.” Avengers Assemble is a 14-track compilation of music from and inspired by the film. In addition to Soundgarden’s “Live to Rise,” the Avengers A…

Where I Find You $7.71 Kari Jobe is one of Christian music’s best selling female artists and one of the most respected worship leaders in the country. On her sophomore release, Where I Find You, Kari is joined once again by producer Ed Cash (Chris Tomlin, Matthew West, Steven Curtis Chapman) who produced her breakout self-titled debut as well as acclaimed producer Matt Bronleewe (Natalie Imbruglia, Josh Wilson, Leel…