8th June 2010
Are you thinking of doing a business on the internet or via web? You
will first of all need to find out ways in which you can accept payment
cards on your site. It has many advantages, and the first one being your
customers getting really excited about your product, after reading your
advertisements and hype on your site and if they make a decision and
can make a purchase immediately, you have secured that sale. On the
other hand, the problem with the cheque payments is, the additional time
it takes for the customers to get their cheque book and mail out the
cheque and as it’s often the case, they may change their mind later.
• There are many well known companies, which can allow you to create a
store front and accept card transactions for you. Once you have signed
up the vendor that you trust, you will be able to put an order form or
shopping cart on your site. Each vendor has a different way for this,
but most will however provide you with premade forms, which you can
customise for your product or service.
• There are usually no setup fees and the transaction fees vary
depending on the volume of sales in each accounting period. Sometimes,
it seem to vary according to the order size, type of item sold and the
type of payment (debit card, cash, money order) used by your customer.
• Whichever company you choose, if you are selling things on the
internet through your website, you really have not much choice but to
accept credit cards. Most credit cards companies, these days are
providing instant approval of credit card application to grab a
customer. This is reason why the number of credit card holder is
increasing at such a great speed. It has been seen that a credit card
holder is always not willing to use hard cash for transaction.
• They are convenient and flexible way for customers to pay and they are
essential for telephone and online sales. Payments are usually made
directly to the bank account of the merchant.
• Your transaction costs are usually much lower. However you have to be
careful to minimise your credit card risks since you'll be processing
the credit card payments yourself. There is however no guarantee that
there are no risks attendants in using a third party merchant.
The trend has been around for a long time but is only now becoming a
readily-accepted (and secure) method of payment in many countries. For
international customers, it is quite convenient to accept credit cards,
as it automatically takes care of the problems of currency differences
as well as the time it takes for a cheque to travel to the vendor. Your
company can really benefit from one of the most secure and reliable
payment platforms in the industry and you are likely to lose a large
number of overseas customers if cheque payment is the only way you can