TrustCash said that its clients have begun to provide TrustCash Deposit as a payment method to their customers. TrustCash Deposit enables merchants’ customers to pay for their online invoices in person and can be supported by all major banks in their respective geographic markets.
With TrustCash Deposit, merchants are guaranteed to receive their funds with none of the risks associated with credit card processing, according to the company.
Claudio Lai, president of TrustCash, said: "We are pleased to now have our clients commence the offering of our patent pending TrustCash Deposit technology to their users. We believe TrustCash Deposit can be a great way for online merchants to build their businesses."
According to a survey conducted by eMarketer, US retail eCommerce sales will increase 12.7% year-over-year during 2010 and reach $152.1bn. 92% of those surveyed by the e-tailing group predicted their 2010 eCommerce revenues would climb from last year.
In addition, in 2010, the number of US customers who will research products online is projected to reach 162 million, with 82% of online researchers, accounting for 133 million people, turning into online shoppers.
Further, eMarketer stated that in the next two years, eCommerce growth is expected to continue at the same pace, indicating that the economy is on its road to recovery. By 2012, eCommerce sales are projected to reach $189.9bn, up 11% year-over-year.
The company claims that TrustCash Deposit can play a key role in eCommerce and can cash on these opportunities.
