An online payment system that enables anyone anywhere in the world to pay online

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Graphcard(http://www.graphcard.com/?rid=8952) 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.http://www.graphcard.com/?rid=8952 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.http://www.graphcard.com/?rid=8952