Competition
There are many competitors to ClearPurchase, from the well established to the more recent.
The Problem with Other Payment Systems
Credit & Debit Cards -
You have to give your card numbers to the merchant,
which sends the transaction to the card issuer for authorization,
and the card issuer does their best to determine whether the transaction is legitimate or not.
Most credit/debit card fraud is the result of card numbers being stolen from merchant systems,
and then being used to purchase goods online.
Who are you giving your card numbers to?
Note: The Credit and Debit card issuers are not competitors of ClearPurchase.
We provide an alternative payment system for their customers to use these accounts that is guaranteed to have no fraud.
PayPal -
PayPal has access to your bank or credit card account, and pulls money from your account whenever you (or someone immitating you) make a purchase.
PayPal also uses a redirect from the merchant web site to their web site, leaving the door open to fraud.
Mazooma and ClickAndBuy -
Systems like these require you as the customer to give them your bank ID and password.
They will then log into your bank web site as you and pull out the money from your account.
Secure Vault Payments and SafetyPay -
Systems like these redirect you as a customer from the merchant to your bank, where you log in and authorize the transaction.
A redirect leaves the door open to fraud - a fake merchant can redirect you to an imitation bank site in order to get your bank ID and password.
| Problems/Risks |
Credit/Debit
Cards |
PayPal |
Mazooma &
ClickAndBuy |
Secure Vault
Payments &
SafetyPay |
ClearPurchase |
| Need Fianancial Account Information |
Yes |
Yes |
Yes |
- |
No |
| Pull Money from Customer Account |
Yes |
Yes |
Yes |
- |
No |
| Need Customer’s Bank ID & Password |
- |
- |
Yes |
- |
No |
| Redirect to Bank/Payment Web Site |
- |
Yes |
- |
Yes |
No |
|
