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 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.

~ ~

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.

~ ~

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

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"



Former Grooveshark Execs Raise $950K For E-Commerce Customer ...
TechCrunch (blog)
A team of early Grooveshark employees who left the company a couple of years ago to pursue their own startup ambitions have raised a little under a million for Tandem, a service that helps e-commerce companies better understand their customers shopping ...

TechCrunch (blog)

Changing The Rules Of E-Commerce
TechCrunch (blog)
Editor's note: Tim Chang leads the consumer investing team at Mayfield. Massdrop, Poshmark and Kiwi Crate are Mayfield investments. In late summer, Mayfield and CRV co-hosted a dinner for entrepreneurs at e-commerce 2.0 companies, including Brit& Co, ...


Capital One buys ecommerce platform AmeriCommerce to woo small businesses
Today Capital One announced it has acquired AmeriCommerce, a Texas-based “e-commerce solutions provider” that competes with online shopping cart services such as Shopify. A Capital One spokesperson told VentureBeat by phone that the company is ...

and more »

E-commerce companies persuading highly qualified Indians in Silicon Valley to ...
Economic Times
"Most ecommerce companies (with sound funding) as well as brick and mortar companies looking at building/strengthening their e-commerce business are looking at Silicon Valley for experienced, evolved cutting-edge talent." Vikram Chhachhi of Heidrick ...


Starbucks delivery: 'E-commerce on steroids' or 1999 all over again?
The UpTake: Starbucks chief Howard Schultz calls his plan to deliver coffee and food to customers who order via mobile phones “e-commerce on steroids.” This direct-to-your-door delivery plan may sound like 1999 all over again, but consider how much has ...
Starbucks touts mobile order and pay, 'e-commerce on steroids'ZDNet
Starbucks' Top-line Growth in FY2014 Driven By Higher Pricing & Accelerated ...Forbes
Starbucks Is Preparing for Delivery in 2015Entrepreneur
My Fox Boston -Fast Casual -Business Insider
all 527 news articles »


Navigating E-commerce: Alibaba, eBay and Amazon
The world of ecommerce has broadened the ability of sellers to meet buyers despite geographic constraints. The number of sellers, buyers and intermediaries continue to increase and scope out new niches. One of the first ecommerce providers, Amazon ...
Wall Street Thinks Alibaba Could Go To $178, Making It A ~$500 Billion CompanyBusiness Insider

all 146 news articles »

Forbes India

India's e-commerce market set for 70% Growth in Revenue
Forbes India
According to an October report by Gartner, an American information technology research and advisory firm, ecommerce in India is likely to cross $6 billion in revenues in 2015, recording a 70 percent increase from a year ago. This makes India one of the ...

Marketing Land

Global E-Commerce Survey: Australians Most Likely To Cross Borders When ...
Marketing Land
Global E-Commerce Survey: Australians Most Likely To Cross Borders When Shopping Online. Pitney Bowes found online shoppers from Australia, Canada and Russia are most likely to purchase from retailers outside of their own country. Amy Gesenhues on ...
Study reveals global consumer attitudes to cross-border ecommerceBizReport
UK among the most desirable retail markets as more consumers buy
Cross-border online shopping growing, says Pitney Bowes studyDanbury News Times
all 38 news articles »

4 Lies Small Business Owners Tell Themselves to Avoid Ecommerce
Huffington Post
Staying on top of the changes in an increasingly digital age is a challenge for most business owners, but ecommerce is one evolution of the sales process that can't be ignored. Research estimates that over 40 percent of consumers worldwide now carry ...

and more »

Twitter's Business Site, Training Helpful to Ecommerce
Practical Ecommerce
A series of case studies on how businesses use Twitter to achieve marketing goals. Most are from larger companies, but smaller businesses can apply the lessons, as well. One example that has particular relevance to ecommerce merchants is Pact Coffee.

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 - All Rights Reserved.