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:

Three important trends impacting the ecommerce technology market
Econsultancy (blog)
Retail is transforming itself from a local industry into one which is fundamentally about competing globally in international markets. The IMRG Capgemini e-Retail Sales Index saw the 2013 UK online retail market grow 16% to £91bn, with ecommerce ...



12 Keys to a Word-class Ecommerce Company
Practical Ecommerce
The same attributes that make any company great should be used to judge ecommerce firms. Many mid-sized online retail stores — ranging from $300,000 to $25 million in annual sales — are family owned and are limited in their ability to scale due to ...

and more »


SmartCompany.com.au

The top four e-commerce platforms: Which one is right for you?
SmartCompany.com.au
Having a quality e-commerce platform behind your brand is critical in maximising your sales and turning your 'bricks' into 'clicks'. Today's e-commerce platforms provide huge revenue potential for brands, from large, market-dominant retailers to SMEs ...



15 Tools to Optimize Ecommerce Images
Practical Ecommerce
Does your website have an acceptable load time? Images usually account for most of the downloadable bytes on a page. Optimizing your images can yield a large boost in your website's performance, helping to improve page ranking as well as shopping ...



E-commerce sales fall because of increased workload in IT companies
Firstpost (satire)
Pappu shopper, one of the star customers of all e-commerce sites, when contacted by Faking News, said that earlier he used to purchase 5 items on daily basis while he was on bench of a large Indian IT firm, but with him now being staffed on a project, ...



Latin Post

Brazil Leads Latin American Ecommerce Growth, Becoming Amazon's Biggest ...
Latin Post
Latin America, led particularly by Brazil, is continuing rapid growth in its online economy, according to a new study by Internet Retailer. And the boom in ecommerce is good news not only for Latin American Internet retailers, but also for some ...

and more »


EcommerceBytes

Facebook, Twitter Push E-Commerce, Like It Or Not
InformationWeek
Twitter last week announced the acquisition of CardSpring, a payments infrastructure company, while Facebook started testing a new way for users to purchase products from ads. Their latest moves into the e-commerce space mark a maturing social market, ...
Twitter Tunes Into eCommerce with CardSpring DealInternational Business Times AU
Facebook and Twitter Find Ecommerce AppealingEcommerceBytes
Facebook's New 'Buy' Button: Pros, Cons for MerchantsPractical Ecommerce
DigitalJournal.com -JOSIC: News, Sports, Style, Culture & Technology -Wired
all 106 news articles »


Financial Express

FDI limits for defence, railways to be hiked; e-commerce to wait
Financial Express
The government is set to clear a higher limit of foreign direct investment (FDI) in railways and defence but a plan to allow foreign investment in e-commerce has been put on the backburner. According to the plan, FDI up to 100 per cent would be allowed ...

and more »


This Latin E-Commerce Stock Could Be a Good Long-Term Investment
GuruFocus.com
E-trade player Mercadolibre (MELI), otherwise called the eBay (EBAY) of Latin America, has taken a tumble. With rivalry from Amazon.com (AMZN) rising in Latin America, is there a probability of a turnaround for Mercadolibre? We should check. Coming back.

and more »


IT News Africa

Nigeria embracing e-commerce
IT News Africa
The report, which was compiled after a recent survey from a pool of online participants across various locations in the country, showed heightened growth in the area of internet usage, social media participation and e-commerce, and the opportunities ...

and more »

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.