Table of Contents
BEST IELTS General Reading Test 490
IELTS GENERAL READING TEST 490 – PASSAGE – 3
IELTS GENERAL READING TEST – 490
READING PASSAGE – 3
PAYMENT TOOLS AND METHODS AVAILABLE IN THE MARKET
Today, online businesses have more payment platform options than ever before. Each platform comes with its own advantages and fallbacks and it’s up to you to find out which is best for your business.
A. Due: Due made a name for itself through its innovative time-tracking and invoicing tools, which are especially useful for freelancers and small business owners. More recently, Due has allowed users to start accepting secure online payments for just a 2.7 percent transaction rate. Due also accepts global payments, which typically occur within two business days, as well as a digital wallet to send or receive money to anyone in the world instantly with little to no cost. It even has an e-bank where you can store cash online.
IELTS General Reading Test
B. Stripe: Stripe has fascinated users for the last couple of years with its powerful and flexible API. This means that you can tailor the platform to meet your specific needs, whether you’re running a subscription-based company or an on-demand marketplace. Stripe integrates with hundreds of other applications, so even if you’re not a professional coder, you can get up and running quickly. The lack of setup, monthly or hidden fees is an added bonus.
C. Apple Pay: If you’re a merchant, then it’s time to consider accepting Apple Pay. Transactions are faster and more secure, since Apple Pay uses touch ID confirmation. In other words, a customer can use their fingerprint to pay for their takeout pizza. Apple Pay is still relatively young, but don’t be surprised if the service will adapt to support older machines. Also, word on the street is that Apple is working on a P2P payments system within i-Message.
IELTS General Reading Test
D. Payoneer: Payoneer is one of the oldest global payment processing services. It is available in more than 200 countries and accepts 150 different currencies. Receiving payments is free and the platform includes a flexible API that grows with your business.
E. 2Checkout: 2Checkout is another trusted payment platform that allows users to accept credit cards, debit cards, and PayPal globally. It’s available in 87 different languages, offers advanced fraud protection, integrates with hundreds of online shopping carts, and allows you to automatically bill customers with recurring billing.
IELTS General Reading Test
F. Amazon Payments: If you want to give customers peace of mind, then accept payments through Amazon. Whenever they make a purchase on your site, they automatically go through Amazon’s checkout. This means that they’ll use their Amazon credentials, which makes the checkout process more convenient and trustworthy.
G. Square: Square changed the game when it introduced its magstripe reader, allowing business owners to swipe credit cards anywhere for a 2.75 percent transaction fee per swipe. However, you can also send electronic invoices and ultimately get paid, through the Square Cash App.
IELTS General Reading Test
H. Payza: With this popular service, you can send or receive payments from anyone in the world in just a matter of minutes. It also has a cool and easy-to-use interface, offers a robust and unique security system, and provides dedicated support and it’s free to sign up. What’s most interesting about Payza is that on top of receiving and withdrawing funds from a bank account and credit card, it also accepts bitcoin.
I. Skrill: Skrill has features like instant withdrawals and deposits, low transaction fees, exclusive offers, the ability to accept from 40 currencies and being able to send text messages directly from your account. If you refer a friend, the company will put 10 percent of the fees they generate from paying or sending money into your Skrill account for an entire year.
IELTS General Reading Test
J. Google Wallet: Once known as Google Checkout, Google Wallet is an online payment service that allows users to send safe, simple, and speedy money transfers from their browser, smart phone or Gmail account. You can store credit cards, debit cards, loyalty cards, and even gift cards to your account.
K. WePay: WePay prides itself on its top-notch customer service and fraud protection. Merchants, however, like the fact that customers can make their purchases without having to leave their site, thanks to a virtual terminal. WePay also offers Know Your Customer collection and risk management and can be used for invoicing, event ticketing and marketing automation.
IELTS General Reading Test
L. Intuit GoPayment: Intuit is almost indispensable for a small business owner. Besides being able to accept payments both online and in person with the mobile GoPayment credit card processor, Intuit can assist you with payroll and calculating taxes. The most promising features is the low monthly rate of $19.95, which only charges a 1.6 percent charge for credit card swipes, as opposed to the standard 2.40 percent rate.
M. Authorize.net: You can’t leave out Authorize.net. After all, it’s been processing payments since 1996! It’s also the Internet’s most widely-used payment gateway and has been the recipient of the Achievement in Customer Excellence (ACE) award from 2008 to 2016. Even though the company has been around for twenty years, it stays current with trends, like being able to accept Apple Pay. No wonder the company is so widely regarded!
IELTS General Reading Test
Questions 27-32
Look at the information about different payment methods in the above text.
Read the following statements and choose which of the sections, A-M from the passage would contain the information given bellow.
Write the correct letter A-M, in boxes 27-32 on your answer sheet.
NB You may use one letter more than once.
27. It has been processing payments for twenty years now and still goes in line with the latest trends.
28. It accepts bitcoin besides receiving and withdrawing funds from a bank account and credit card.
29. It makes the checkout process more convenient and trustworthy while online shopping on site.
30. It has an e-bank where you can store your cash online for future transactions.
31. It is the oldest global payment processing services and accepts 150 different currencies.
32. It provides incentives in the account of whosoever refers a friend to use the platform.
IELTS General Reading Test
Questions 33 & 34
Which of the following TWO cards are stored in your account while using Google Wallet?
A. Travel cards
B. Loyalty cards
C. Identity card
D. Gift cards
IELTS General Reading Test
Questions 35 & 36
Which of the following TWO features talk about Square as an interesting payment gateway?
A. Electronic invoices
B. Tax calculator
C. Magstripe reader
D. Recurring billing
IELTS General Reading Test
Questions 37 & 38
Which of the following Two features makes WePay as a top-notch customer service?
A. Integrates with hundreds of online shopping carts
B. Accepts payments both online and in person
C. Know your Customer and fraud protection
D. Event ticketing and marketing automation
IELTS General Reading Test
Questions 39 & 40
Which of the following Two features are not features of Stripe?
A. Offers a robust and unique security system
B. Allows customization of platform
C. Integrates with other applications
D. Innovative time-tracking and invoicing tools
IELTS General Reading Test
IELTS General Reading Test
ANSWERS
27. M
28. H
29. F
30. A
31. D
32. I
33. B / D
34. B / D
35. A / C
36. A / C
37. C / D
38. C / D
39. A / D
40. A / D
IELTS General Reading Test