Abstract: A payment System for online purchases that includes as participants a System Administrator, Members, Merchants and Subscribers/Non-Subscribers. Participating purchasers are Subscribers to a Member. Subscribers have pre-determined purchase limit and pre-determined delivery address for goods purchased within the System. Members may or may not be banking/financial institutions. Merchants charge the System Administrator for the value of all purchases made by subscribing purchasers. The System Administrator charges the Members to which purchasers subscribe for their purchases. System Administrator guarantees payment to Merchants. Members guarantee payment to the System Administrator. Members have their own commercial arrangement in place with their subscribing purchasers to recover money or moneys worth in exchange for the payments they make on behalf of Subscribers to the System Administrator. The System Administrator can be a Member too. The System Administrator may or may not be a financial institution.