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2012 Credit Card Bills Riddled with Ebook Charges
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Americans are finding their credit card bills and bank statements riddled with a mounting tab of new charges for digital books after sales of eReaders and tablets exploded at the end of last year.
The recent explosion in sales of digital ebooks is rearranging the world of publishing faster than many people anticipated. The roles of consumers, sellers, readers, writers and industry gatekeepers likely will be totally reshaped in the next few years in much the same way the arrival of digital music upended the recording industry.
“We now have a growing virtual economy of non-tangible digital goods on one hand and non-tangible digital payment systems on the other,” remarked Charles Tran, founder of CreditDonkey.
Credit Card Tips for Avid Readers
Intellectual Crack—Book lovers who have had a hard time controlling their buying impulses need to recognize digital media purchases as a potential budget threat that can cause them to make unwise spending decisions when they are most vulnerable: tired, bored, anxious or lonely. Small micropayments can add up and significantly increase credit card debt if they are combined with minimum balance payments each month. The worst-case scenario for any consumer is carrying any amount of credit card debt for ebooks long after they have been read. Digital music, in contrast, has a bit of a shelf life if it is replayed, but it is still foolish to pay interest on it.
Free Mind Candy—Smart book readers, on the other hand, will recognize ways to make credit card rewards work in their favor and pay for the new expense of building their digital libraries. They can use a premium rewards credit card for everything they buy and pay their balance in full each month, racking up rewards credits—digital money that can be used for digital mind candy. Those who carefully budget monthly expenditures can easily estimate their rewards and stick to a digital media budget. That budget can go a long way, especially for those avid readers who take the time to discover and enjoy low-cost but high-interest self-published books.
There’s an App for That—Whether you are dangerously addicted to intellectual crack or enjoying free mind candy with digital rewards money, inexpensive apps can help with budgeting, tracking purchases and paying bills to manage your digital payments and digital media.
Security is Paramount for Digital Media Accounts
Readers of ebooks variably use credit, debit, bank account transfers and online payment systems as their payment method of first choice in their accounts. But in the shifting landscape of virtual payment systems and intangible goods, security should be a primary consideration.
Bank Account Debit Cards
Prepaid Debit Cards
Online Payment Systems
(Writing by Annette; Graphic Design by Boris)
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Articles on Ebooks Explosion
Despite the ease of e-readers and tablets for reading, a recent CreditDonkey.com survey found that a real book in the hands trumps the digital version. Out of over 1,200 respondents, 73.7% would rather hold an actual book versus 26.3% who would ...
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