Opening a first virtual account

Opening a first virtual account

Becoming a buyer of information requires nothing more than an electronic mail link to the Internet and a credit card.

Initiating a first virtual account is a two step process for consumers and a three step process for sellers of information. Connecting to first virtual account the applicant first fills out the form on web page displayed.

The ID phrase is selected by the applicant. First virtual modifiers this phrase up to 24 letters or numbers slightly and uses it to create the first virtual account identifier.

First virtual transaction process- The first virtual information merchant offers a product online, making it available through a first virtual compatible server on the Internet, including product pricing and description.

_ A customer attempts to download the offered information from server, at which point the server requests a first virtual account identifier.

_ The merchant has the option of verifying through first virtual that the account identifier is valid. The server sends a query to first virtual which responds by confirming that account ID is valid.

_ The offered information is sent to buyer directly from merchant server.

_ The merchant’s server sends an e-mail message to first virtual detailing transaction: the buyer and seller account ID, the item purchases the item price.

_ First virtual sends an e-mail to customer replies with “yes” the merchant’s account will be credited for that sale; if customer replies “no”, no further action is taken. If no response is received further attempts are made.

_ Third option “fraud” is available to customer and is used to indicate transaction. This will cancel account ID of customer.