Sebastian Rodriguez 16-0929
The Moose Hut
Case Study Case Study The Moose Hut (TMH) is a gift shop located in Calgary. The
shop focuses on tourist trade and specializes in Canadian- themed products. It also
sells through mails and receives payment via checks. TMH seeks to further its market
influence through online trading. Consequently, this study seeks to unveil alternative
online payment processing methods.
To begin with is the global collect payment machine. This method offers
payments in more than 170 countries and 170 currencies. Another primary advantage is
that it has a diverse tray of payment products. However, the method faces a significant
limitation, it does not provide emergency address system to clients in case the funds are
deposited to a wrong account or one of its payment products undergoes a breakdown.
Another possible payment-processing alternative is the WorldPay Company. This
platform offers affordable transaction costs to both small and medium businesses
(Schneider, 499). In addition to a myriad of payment products such as western union
and paypal, the company offers technology and support in respect to the sector of the
client. The primary disadvantage of this method in respect to TMH is that there are no
headquarters in the USA and thus the calls for assistance may turn out to be very
expensive.
Finally is the Merchant Express Inc., a company that offers two main merits in the
market. It accepts all payment cards from all parts of the Globe, and it charges relatively
cheap to as low as 0.19% per dollar transaction. The limitation of this company is that it
is relatively new into the market and thus the levels of trust are relatively low.
Sebastian Rodriguez 16-0929
Memorandum
To: Row and Martha Nelson
From: Sebastian Rodriguez
Priority: Payment Processing Method
Date: 18/3/2020
Re: My Memo to the Governing Body
After a vehement analysis on the extent and impact of deploying each one of the
payment processing method aforementioned, I recommend the Merchant Express Inc.
because it is cost effective, and accruing to the relatively small clientele base,
satisfactory services are highly possible.
Yours
Research analyst
Sebastian Rodriguez