How To Accept Online Payments From Your Customers
Keywords: online payment processing, credit card, online check
If you are new to ecommerce and need a payment processing solution for your website, then this article will be of interest to you. There are several different ways to process payments for your internet business. We will outline each of the avenues available to you so you can select one that is right for your particular business.
If you own a store and are simply setting up a website to give your customers the ability to purchase your products online, then you probably already have a merchant account that you use to process credit card transactions. If this is the case, then you do not really need to process customer payments through your website; you can simply post an order form on your website for your customers to print so that they can fill it out and fax their orders into you.
Then, you would just process the payments by entering the orders into your credit card terminal you use in your store. However, if you want to process payments through your website, there are a few different ways to do it.
The most common method used by internet merchants to process payments is by signing up with a third-party transaction processing service, such as Paypal. All you need to do is sign up for an account with the third-party, and then you link to their order form from your website and they process the payments for you.
The processor charges a transaction fee for each transaction, ranging anywhere from 2% - 15%, depending on the company and the amount of business you transact. Most of these companies can process recurring payments as well (recurring payment processing is necessary if your site sells a membership for which you need to charge your customers on a regular basis).
Some of these third-party processors also have the ability to process your orders using an automated phone system. With this method, your customers can call a certain phone number to place an order, and are then prompted to enter a certain code. The order is charged to the telephone bill of the customer.
Also, some third-party merchants offer an online check payment option. This gives your customers the ability to pay for their order by entering the account number and routing number of their checking account on the order form, and then their checking account is automatically debited. It is good to offer this to your customers, because not everyone has a credit card. Offering online check payment processing will help you convert more sales.
If you do not want to use an outside company to process your payments for you, then you will need to open your own merchant account. This is not so simple to do. If you open a merchant account at a bank, there might be a monthly service fee of several hundred dollars per month.
There are several companies, such as CardService International, that offer cheap online merchant accounts, ranging from $50 - $100 per month. After you open the merchant account, you will need to hire an experienced programmer to create an order form that can process payments and connects directly to your merchant account.
If you decide to use a third-party payment processor, just make sure that they have a good service record, because if their systems are frequently down or their order forms do not work too well, then your business will suffer as a result of the lost revenue. If you are starting a multi-million dollar business, then you should probably set up your own merchant account and have a programmer create your own order forms to process your payments.
Jim Pretin is the owner of www.forms4free.com, a service that helps programmers make an HTML form
Previous Articles Highlighter:
Resumes And Cover Letters Belong Together (1)
Remember, the cover letter needs the resume and the resume needs the cover letter. Together they are truly a dynamic duo! It is your first impression. Make it count!
Electronic Dog Training Collars Helps You Teach Your Dog (2)
One of the main factors to take into consideration when training your dog is this. Your dog has limited ability for logical reasoning, making immediate consequences necessary for your dog to associate his punishment with his bad behavior.
A Business On A Budget (3)
Select a small business that can be based on a consumable product. The wellness industry is rapidly growing as more and more consumers are paying attention to their health.
How To Come Up With Great Home Theater Ideas (4)
Realize there are people who make a living from coming up with home theater ideas. Established rooms are very difficult to re-invent on most occasions however, getting an outside opinion will save you a lot of frustration.
How To Pick Good Stocks That Can Make You Rich In The Long Run (5)
You can calculate it by dividing the company's total debt by the total number of equity. You will know if the company is heavily funding its operations from debt should its D/E is greater than 1.
Chainsaw Prices - Is Electric A Better Option Than A Gas-Powered Saw? (6)
Better still, they are available for what seem crazy prices. In fact, for $50-$75 you can pick yourself up a great working electric model chainsaw which will handle most of the jobs around the home.
Area New Homes Are Focal Points (7)
As one of the best new places to live in Texas, League City area new homes stand out as affordable, yet safe places to raise a family. League City is also a great location to move to if you desire to partake in its thriving job market.
How Do You Clean Up Your Credit Report (8)
Keywords: homes loans, loans, bad credit loans There exist several complications in today's financial society, but these complications vary quite a bit from the issues that have taken place in the past several years.
Why You Should Send Your Dog To Dog Training School (9)
It is still very important that you continue the work yourself when you get home and don't just rely on your one trip a week to the school. At www.dogtrainingcritic.com we provide the best information on dog training and un-biased reviews of the top dog training products.
Zoom Toward Accomplishing Breakthrough Goals (10)
Yet lots of natural objects go at that speed all of the time. An optimist would have concluded that such acceleration was in mankind's future. But actual experience proved to be troubling: Aircraft began to vibrate and shake apart as they neared the speed of sound.
Newer Articles Highlighter:
How To Get Your Body Ready For The Extreme Winter Sports (1)
You want to just have a nice good dinner and get good nights sleep so that you can start your routine over again the following day. If you don't do this then you will be stuck in the body your in now and you won't do so good in your winter sport.
Culinary Institute Scholarships - Paying For School (2)
Don't turn your nose up at these either. It all helps, even if it just covers the cost of your books or tools. Keep looking and stay focused.
Targeted Expired Domain Traffic As A Powerful Tool To Success (3)
John Khu is an author and also a seasoned professional with vast experience in expired domain name business. He is also the owner of the path breaking web site called www.expireddomainsecret.com which provides complete and up-to-date information on expired domains and their eternal secrets.
Eco-Minded Skiers Take The Train (4)
In comparison, a typical return flight London Heathrow-Geneva generates 191 kilograms of carbon dioxide while a round trip between Gatwick and Geneva generates 169 kilograms of carbon dioxide per passenger.
Getting The Best Dating Software (5)
Normally, it is a better idea to go for an open source software script because you will get the entire code with the script which you can use while customizing the script or whole doing several serious modifications to the script.
How To Market Your Mortgage Business And Website Using Articles (6)
You subscribe to a pay-in-advance mortgage newsletter and this article is available, 8. You searched Google using the search term...tom domin articles, and found the article. 9. You found this article on a mortgage forum or blog and it caught your attention.
Stylish Cookware And Kitchenware Selections (7)
Enameled cookware warms food to the right temperature without burning it. Many fine cookware choices come with bonus flatware or discounted prices on matching accessories. A seasoned cook will always scan the aisles at a specialty cookware shop because name brand designers will often use these stylish retail venues to promote designer cookware lines during random marketing campaigns.
Why Take A Place In The Sun? (8)
I would integrate myself with the locals and soak as much of the culture up as possible. This however is just personal preference, I can understand why many appreciate the security that living in an ex-patriot community can bring, I also understand the need for a prime golf course on your doorstep and see that Spanish villas offer a fine retirement option for the rest of Europe.
Hi, This Is Your Mini Speaking (9)
And what if you were stationary in a traffic jam? Apparently, 3 different personalised messages would be flashed up over a period of time before the billboard reverted to its usual standard advertising.
Forex Trade System - 5 Tips On Choosing The Right Forex Trading System (10)
6. Look for a system that offer good value for your hard earned money. There are systems out that there are good for you, and some that are not, so take your time to choose.
Permalink to How To Accept Online Payments From Your Customers