Ecommerce Information

How To Accept Credit Cards Online


Anyone with an online business, whether for auctions, services, or virtually any type of product, has asked the same question at some time during their quest to create the ultimate online business - "How do I accept credit cards?"

Since over 90% of all transactions on the Internet involve customers paying by credit card, accepting plastic money rates a must for almost any business.

The problem for most small online business owners involves the high cost of setting up and maintaining a credit card merchant account.

With startup fees ranging from $200 to $500, minimum monthly fees of at least $40 to $50, plus per transaction fees and a percentage of sales, most people who want to supplement their income online or test an idea can't risk that kind of money.

Add in credit checks, 48-month service contracts, expensive equipment purchases or leasing, financial statements, and last 3 years' tax returns and most people throw up their hands and give up before they even get started.

Fortunately several companies responded to this problem with unique solutions that enable smaller online merchants to accept credit cards at a fraction of those high startup costs with no long-term commitment, no equipment purchases, and zero minimum monthly fees.

~ PayPal.com ~

PayPal has gotten some negative press over the last couple of years, but that press has been mostly undeserved.

PayPal makes it easy for you to collect money for your online sales, send money to merchants, bill people monthly, collect dues and donations and integrate a free shopping cart into your site.

Of all the payment and money transfer services online, PayPal ranks as the absolute lowest in cost and the easiest to set up.

PayPal allows merchants to sell physical and downloadable products along with personal services.

~ ClickBank.com ~

For a $50 one-time fee ClickBank enables online ebook, software and other electronic information sellers to not only accept credit cards, but provide instant delivery of their products to online purchasers.

ClickBank allows any merchant to accept virtually every major credit card on the planet.

The online merchant simply adds a purchase link to their site, the customer clicks the link, fills in their payment information and the credit card gets authorized on the spot.

Once the card gets approved ClickBank redirects the buyer to a page that enables them to download the ebook, software, or other product they have just purchased.

ClickBank also operates a fully integrated affiliate program that automatically pays affiliates who sell your products for you.

ClickBank heavily restricts what merchants may sell through the service and does not allow the sale of physical goods.

~ PaySystems.com ~

Of the three, Paysystems behaves most like a traditional credit card merchant account.

The service allows the merchant to integrate with a number of third-party shopping carts as well as use the PaySystems shopping cart system.

Merchants pay a small transaction fee and a percentage of the sale, but don't sign up for any long-term service contracts or equipment leases.

(c) Jim Edwards - All Rights reserved
http://www.thenetreporter.com

Jim Edwards is a syndicated newspaper columnist and the co-author of an amazing new ebook that will teach you how to use free articles to quickly drive thousands of targeted visitors to your website or affiliate links...

Simple "Traffic Machine" brings Thousands of NEW visitors to your website for weeks, even months... without spending a dime on advertising!"Turn Words Into Traffic"

  


MORE RESOURCES:

Moving The E-Markets: Today's Top Trading Ideas In E-Commerce
Seeking Alpha (registration)
At the end of August, the median e-commerce stock in our Index trades for 16.6x TTM cash flow. Standing 987%, 543% and 101% above that level are Zulily, FragranceNet and Groupon. Based on my experience as an M&A advisor in the sector, I'm not ...

and more »


Economic Times

Success of e-commerce spawns name-copying trend
Economic Times
NEW DELHI: You have an e-commerce business model, you have startup funding, you are all fired up, and now you need a name for your company. Take note — the online bazaar is stuffed full of something 'kart' or something 'deal', a manic copying frenzy ...



Ventureburn

Xoin introduces prepaid bitcoin to drive SA's ecommerce and adoption
Ventureburn
From Ghana to Kenya there are interesting startups trying to tackle the issue of remittances, while in South Africa popular payment gateway PayFast recently introduced bitcoin integration to more than 30 000 of its ecommerce clients. But although this ...

and more »


For personalisation and direct sales, airlines must set ecommerce free
Tnooz
Direct sales are obviously a powerful way to build customer relationships and defend tight margins. And online is the key to growing direct sales. NB: This is an analysis by Boyan Manev, vice president of business development and product marketing at ...



Hey, Ecommerce Companies – Location Still Matters!
Small Business Trends
If you have an eCommerce business, you probably think that location doesn't matter. But that isn't always the case. New research from the Wharton School suggests that real-world factors such as location can actually have a big impact on online businesses.



Kitsap Sun

Business spotlight: E-commerce sales, outlets on the rise
Kitsap Sun
Jason and Jack Chow look through the shelves of LEGOS in their Chowren Toys warehouse in Poulsbo. They sell their product exclusively online and are one of a growing number of Internet-only retailers in Kitsap County. The volume of online sales for ...



15 inspiring examples of ecommerce product pages
Econsultancy (blog)
An essential feature for today's ecommerce sites. Quality product images. High resolution product photos make an immediate impression and portray items in the best possible light. Calls to action. They should attract user's attention and draw them ...



PYMNTS.com

More Chinese Power Players Jump Into E-Commerce
PYMNTS.com
With the Alibaba IPO mere days away, some of the other most influential forces in Chinese business see it as an opportunity to try and stake their claim to a big E-Commerce chunk—before Alibaba's public financing makes it an even more powerful rival.



India to pilot Deutsche Post DHL's e-commerce solutions for Asia Pacific
Times of India
Through its subsidiary Blue Dart Express DPDHL's business unit DHL eCommerce is investing in infrastructure and the development of fulfillment centers, multiple delivery and payment options as part of its aim to become a global provider of e-commerce ...



Tech Cocktail

6 Ways to Stand Out as an Ecommerce Startup
Tech Cocktail
In the world of ecommerce, trying to stand out as a little fish in a gigantic online pond is tough. There are some people who think ecommerce startups can compete with the “big dogs” of ecommerce. But when pitted against behemoths like Amazon, eBay ...


Google News

Article List | Index | Site Map
All logos, trademarks and articles on this site are property and copyright of their respective owner(s).
The comments are property of their posters, all the rest is Copyright © 2006 CanadaSEEK.com - All Rights Reserved.