วันพุธที่ 14 มกราคม พ.ศ. 2552

The Quickest Way To Accept Credit Card Payments Online

By Justin Harrison

It is very important for online business owners to offer the options that customers want. Credit card payments are the most convenient payment method for consumers, and while having several payment options gives the user a choice, websites which accept credit cards show higher revenues from sources such as impulse buys.

Credit cards payments can be accepted by an ecommerce site in two different ways. The prefered way is to use a third-party processor and the later is to establish a merchant account with a bank.

Many banks will offer merchant accounts and processing gateways to their account bearers; the main disadvantage of which being that approval for merchant accounts is much more stringent for internet based businesses than it is for traditional retail.

PayPal and other third party services do away with the need for an account with the merchant. They also offer real time payment and fund transfer into the account of a business owner for a small fee, which is usually a small flat rate plus a percentage of each transaction's sale.

For this purpose PayPal has the most appropriate solutions for using credit cards and the features that they have consist of a shopping cart where the company website can be placed, the ability to interchange international money, and receive various types of payments including debits electronically or echecks.

PayPal and other third-party services present a more easily obtained method of banking for the newly starting small business. Their services are often also more affordable than typical banks and they are significantly faster at processing credit card transactions too.

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