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An article on ACCEPTING ONLINE PAYMENTS and some trusted links for you.
For many small businesses, accepting payments online provides some major benefits. Customers increasingly expect this facility and it can improve your cash flow significantly. It's easy to accept Cheques or invoices for your online sales and to process payments in the traditional way. However, because buyers often use the Internet for a speedy service, most sales are paid for with Credit and Debit cards. To accept cards online, you will have to make special banking arrangements. Payment-processing companies obtain payment from your customers' credit and debit cards on your behalf and forward the money to you.
Advantages
Payment-processing companies relieve you of the administrative burden of managing customers' card details.
They save you from having to set up secure payment systems.
They have less strict application procedures, E.G. you will not usually be required to supply detailed information about your business
Your application can be processed quite quickly.
Here are a few that I use with no problems to date;
AlertPay, a privately owned and managed company founded in 2004, is a rapidly growing leader in online payments. The service provides individuals and businesses the ability to send and receive payments online without exposing their personal or financial information. AlertPay is a Canadian Registered Corporation and a United States Registered Corporation and complies with the regulations of the OSFI (Office of the Superintendent of Financial Institutions Canada), FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) and FinCEN (Financial Crimes Enforcement Network). We fully integrate the principle of Know Your Customer (KYC) to ensure a safe and secure system for all our members yet we respect your privacy fully, and stand by our Privacy Policy to ensure your identity is secured with us. All monies deposited with AlertPay are FDIC (Federal Deposit Insurance Corporation) and CDIC (Canada Deposit Insurance Corporation) pass-through insured in the U.S. and Canada, and are held with federally chartered and regulated banks.
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Arising from the popularity of eBay online auctions, PayPal (www.paypal.com) is quickly becoming the dominant force in online transaction processing. PayPal originally started as a peer-to-peer money transfer system for eBay auctions, but has now expanded for use as a payment processor for any website.
PayPal is attractive to millions of users because:
(1) it acts as a master merchant for credit card processing; (2) there’s no cost to establish “seller” accounts; (3) it’s relatively easy to integrate into a website; (4) can be used to accept major credit cards; and (5), it has very competitive transaction rates.
This low cost of entry into e-commerce has made PayPal a very popular and wellknown solution for payment processing. Leveraging the PayPal name on your e-commerce website can lend credibility to your online activities, which is critical when attracting customers that may be hesitant to purchase online. Recently, PayPal lifted its requirement for buyers to have a PayPal account, thereby removing another barrier to new customers that may not have understood or desired to open a PayPal account just to make a purchase.
To get started with PayPal, all that is required is a bank account for them to deposit funds received from customers. You do not require an online merchant account to receive payment via credit card, and PayPal also allows buyers to use bank accounts for payments besides the major credit cards. Furthermore, PayPal provides limited fraud protection for both buyers and sellers, if certain criteria are met. With all of these features and benefits, it is clear why PayPal has become a prime choice for businesses looking to test the e-commerce waters.
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A new PayPal report just came out and you can get it at absolutely no cost.
It's called "All About PayPal", it's exactly what you need to know about the world's largest payment processor.
This PayPal report is full of things you need to know about your online business, step by step instructions on subjects like managing your subscriptions, and making payment buttons for your website!
I hope this has been helpful, please feel free to contact me any time if you have any further questions.