Selling Products Online, finding online payment providers
What is an online store? (Ecommerce in action) An online store provides a list or catalog of items or services that you are selling. These can be displayed in great detail or no detail; it all depends upon you. The online store also provides a method for paying for the goods you purchase online. This is done by means of an online payment provider. Just like an offline store. Credit card, check or another form of payment called Paypal. Just like offline you need to have an account with a payment provider, a Bank or similar online payment company which will allow you to accept credit cards on your web site. The Bank or online payment provider enables what is called a payment gateway from your web site. For this you pay a fee, as well as a fee for every transaction that is processed. This can get expensive very fast, as you can imagine. Therefore your potential budget is important as well as what kind of volume you expect to do per week.
What the payment provider actually provides is what is called a virtual shopping cart on your web site. If you have shopped online you know what this is. It allows you to select items place them in the cart then check out using a credit card or other form of payment. The shopping cart is either setup for you by the payment provider or you receive instructions on how to add it to your web site. What is a merchant account? This is the initial account the payment provider asks that you setup with them. It requires name, address, business information and of course payment in advance for the services. These can be quite long and detailed. How to find payment providers? They are everywhere on the internet. But be careful to understand what the costs involved are before you sign up. Some that Ken Evoy recommends are listed below. Don't forget to check out Yahoo stores. This can be a good testing ground for your first venture. Compare what you get at Yahoo stores with the cost of doing it all yourself. Also Yahoo Stores gives you a great advertising feature by listing you in their directory. Also Paypal although it has had its ups and downs, it still is widely trusted by the public and used. Dr. Ralph Wilson, one of our quotable experts has an entire report covering every payment provider out there on his web site Wilson web. com, but what he found is that Paypal is still very highly rated by consumers. Paypal is also inexpensive for the small web site owner. For more about Paypal look below for some reviews.
Optimal Payments
CCNow All you have to do cash the checks, and process the orders! PayPal Shopping Cart
To read a review by Epinions.comclick here
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