Thursday, March 19, 2009
How To Accept Credit Card Payment On Your Websites
Once a company or an individual decides to start a business online, they will reach the fast conclusion that they must accept credit cards in order to function and conduct business. Many people or companies are under the misconception that it is extremely difficult to achieve merchant credit card status. Some are even scared of fraud/risk associated with the use of credit card. But the most painful aspect of it is that many websites will direct you to pay into a bank account and come back to notify them about the payment. If you are one of those that engage in this kind of method you will soon realize what you are missing by reading this articles.First and foremost, credit card payment allows you to take advantage of the following customers.1. Impulse buyers: After reading your offers on your site, buyers would be enthusiastic about your products or service. You have definitely secured that sale if they have the means of payment. If you allow check payment, the additional time it takes for them to get their cheque book and mail the cheque may be a deterrence. They may also have second thoughts later.The use of credit card is not available in some countries, you can find the latest and genuine options at http://www.henny.synthasite.com 2. International Customers: Credit Card payment solves the problem of currency differences as well as the time it takes for a cheque to travel to the vendor.Two ways of accepting credit card paymentOwing your own merchant account: This involves you setting up a merchant account with your local banks. Requirements vary from country to country, and you should check with your local banks for more information.Through a third party merchant: there are many companies around that are willing to accept credit cards payments on your behalf in exchange for various fees and percentages. Which of the method is suitable or preferred?From experience and deep research, investigations shows that opening with a third party merchant is preferred. Below are the summaries of the reasons why third party merchant is preferred.Initial costs of opening your own merchant account is usually higher than when you use a third party merchant. In fact some third party has no set up fees.You are free from Internet fraud or Credit Card scams because it the duty of the third part merchant to guide against this.It is the best if you are just starting outThe cost of opening your own merchant account might be too high. If you want to be accepting Credit Card on your websites I recommend Paypal anytime anyday. It is the most reliable third merchant firm I have ever come across. However your country may not be available for registration with paypal. Visit my home page at henny.synthasite.com to see how to open a genuine paypal account from your country.
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