Online Business Payment Options
Online Payment Options
If you own a web site that sells products, then you know how
difficult it is to find a payment option that fits all of your
customers. Many people like the convenience of some online
payment options but feel that some customers may feel alienated
by the need to sign up and be a member to purchase your product.
Here are some tips on finding an online payment option that will
work great for your site.
Paypal is perhaps the largest online payment option available.
Paypal which does accept all major credit cards as well as the
ability to have a Paypal account does have a few drawbacks. In
order to use Paypal, you need to have an account with them. Lots
of people don't want to sign up to another site, just to use
their credit card. They want to pay for their product fast and
easy without the hassle of additional information being
requested. The other drawback to Paypal is that there are a lot
of spoof emails that are threatening the legitimacy of this
company. Many people each day are receiving emails that are
requesting their Paypal information. These emails are spoof
emails from criminals trying to steal your identity to gain
access to your financial accounts.
Small Merchant Accounts are also a way for online merchants to
get paid online. They accept all types of credit cards and are
very easy to use. Unfortunately, many of these accounts require
a long contract period and a minimum sale each month. For
instance, if you are starting out and in two months you close
down your website, you will still have to pay a monthly fee for
the remainder of the contract. If you do not sell any products
during this time you will also have to pay a non use fee. This
can become very costly.
Western Union online also allows money to be transferred on the
web. Many people have been transferring money internationally
over the years with the help of Western Union. If you sell
overseas, this might be a great way to conduct business. Western
Union can be more expensive than other options depending on the
amount of the sale and destination of the money, but it does
give you another option to make a sale.
So if you would like to receive payments from online customers
check out the above resources and continue to grow your online
business.