Accept Payments Online

There is a seemingly infinite number of choices and configurations for taking payments online. Choices range from almost total "do it yourself" programming to turnkey packages.




Accept Payments Online

There is a seemingly infinite number of choices and configurations for taking payments online. Choices range from almost total "do it yourself" programming to turnkey packages.

You can accept payments online in two general ways:

1) Through your own online merchant account and/or

2) Through a third party processor.

Taking Payments Online through your own Online Merchant Account

Accept payments online through a merchant account puts you in control and limits your reliability on outside payment services reception. Taking payments online can also seem like a jigsaw puzzle. Besides an Internet merchant account, you will need shopping cart software, a store or site host, a processor, and a secure payment gateway.

You may fit the pieces together in different ways. On one end of the spectrum, you can choose each provider individually. On the other end, you may choose a turnkey solution, where the provider has completed the puzzle for you.

There is no single best solution. Your choice will depend on your particular needs and experience. Among other considerations, you should factor in your own comfort with the technologies, customer convenience, providers' service levels, available technical support, reliability, costs, and time commitment involved.

Fees

There are a myriad of potential costs and fees involved in accepting payments online, making it difficult for a small business or entrepreneur establishing online payment processing to compare different options.

Potentially, you could be charged fees by each provider involved in helping you take payments online -- application fees, set-up fees, yearly memberships, monthly statement charges, monthly minimums, gateway access fees, statement fees, fixed transaction fees, variable transaction discount rates (processing fee for each transaction), and cancellation penalties are all common.

Often, it is easy to misinterpret the fees you will owe. Rarely are all costs revealed in one place. If you are reading about a merchant account, for example, the quoted costs may not include gateway access, hosting, and/or shopping cart. Because you may be comparing "apples to oranges," options that at first appear low-cost can -- upon implementation -- turn out to be pricey. Similarly, expensive-sounding solutions may actually be reasonably priced.

Accepting Payments Online through a Third Party Payment Processor

If you are not ready to set up your own online merchant account and/or you want to offer additional online payment options, you can turn to a variety of third party payment processors.

Third party payment processors provide a way to accept payments online without the extra cost and obligation of a merchant account. To compensate, transaction fees are significantly higher than for merchant accounts.

Each program is a little different and no single third party payment processor is right for all situations. Clickbank, for example, helps you sell digital products online. CCNow will process payment for tangible items only.

Deciding What's Best for You

Whether you accept payments online through an Internet merchant account, through a third party payment processor, or both, read all agreements carefully before committing. Do not hesitate to ask the providers questions if information is unclear or incomplete.

Put together the "puzzle pieces" for taking payments online and your Web sales will flourish!

About the Author

Bobette Kyle draws upon 12+ years of Marketing/Executive experience, Marketing MBA, and online marketing research in her writing. Bobette is proprietor of the Web Site Marketing Plan Network ( WebSiteMarketingPlan.com ). http://www.Take-Payments-Online.com, one of the network sites, explains different aspects of ecommerce.

� 2004 Bobette Kyle. All Rights Reserved.

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Accepting Payment Online - 7 Steps to Improve your Customer's Buying Experience

Once you're accepting credit cards online, there are several other ways that you can improve the buying experience, particularly for those who are new to the Internet and may be apprehensive about completing a transaction online.





Accepting Payment Online - 7 Steps to Improve your Customer's Buying Experience

Of course, the number one way you can improve your client's online purchasing experience is to accept credit cards on your site, because most of your clients will prefer to use their debit or credit card, rather than send checks through the mail.

Credit and debit card purchases are immediate and secure; paper checks are the least secure method of making a purchase from an online seller.

Accepting payments online will also make it far less likely that customers will forget about your site or its address, decide to buy from a competitor who accepts online payments, or put off making a buying decision.

When you accept credit cards online, there are several other ways that can improve the experience of shopping, especially for those new to the Internet and may be concerns about completing the transaction online.

#1 - Explain what will happen during checkout and keep the customer informed during the buying process.

Giving a brief description of the process, reassures the customer that they're on the right track to a successful purchase and let them know when the transaction is complete. For many people, buying online is something they do with great hesitancy; anything you can do to lessen their concerns will be appreciated by your customers.

#2 - Let your customers know that their information is protected and their transaction is taking place on a secure server.

Ensure that your payment page can be clearly identified as a secure site. The components of a secure site include a web address that starts with https; that indicates that the payment page is located on a secure server, and the display of a padlock symbol or logo that can be 'clicked on' to confirm that there is a valid secure certificate associated with the secure server.

It can also help if your secure page starts with the word "secure" as the first part of the web address.

#3 - Send automated Thank You Notes and Personal Receipts to your customers

The transaction isn't necessarily over when your customer has paid their money and collected their goods. One of the ways you can follow up with your client is to send them an automated note thanking them for their business, as well as a means to contact you after the sale. This also allows you to mention other services and products that you sell, that your customer may be interested in at a later date. Many merchants don't do this - going the extra mile sets you apart from the crowd.

Subsequent to the thank you note, give your clients another indication that you've received their order, by sending a personalized receipt once the order is complete. That way, they have an immediate record of what they've bought and can print it for their records.

#4 - Brand your Payment Pages

Having a branded payment page not only makes you look more professional, it will increase your 'conversion rate' and reduce your 'abandonment rate'. Customers will be more trusting and therefore more likely to complete a purchase online if your payment page has the look and feel of your web site. This is especially true of individuals buying online for the first time and those who are buying from you for the first time. Trust, comfort and confidence play a major role in the buying decision of all online customers.

A branded payment page will also allow you to determine what information your customer must provide to complete a purchase rather than having to provide account numbers and other extraneous information that generic payment services require. The simpler and more intuitive your checkout process is, the less likely it is that a potential customer will 'abandon' a purchase mid sale because they were confused or didn't understand what was required to complete a purchase.

#5 - Place your Logo on your Payment Pages

A generic payment page can imply a generic company. You want your company to stand out in your customer's mind so that they will remember you and buy from you again. There are millions of generic payment pages online; no-one remembers them. Take every opportunity to brand yourself and your business. Generic is grey in a colored world; branded done right, gets noticed and remembered.

#6 - Put your business name on your customer's credit card receipt

An important part of accepting online payments is ensuring that your customers can tell to whom they made a payment when they receive their credit card or bank statement. Ensure that your payment services provider can put your business name on your client's credit card or bank statement. This will save you from dealing with chargebacks and provide you with another way to reinforce your brand and keep it in the mind's of your customers.

#7 - Make Checkout Simple

The easier it is to take an order from you, the less likely it is that the customer will abandon the sale at the ordering page. Simple is best; simple and branded is better.

Keeping those guidelines in mind will enhance the purchasing experience at your site. All that remains is finding your next customer.

John Tedeschi is the founder of Acceptiva, a company that provides branded payment pages for online professionals and non-profits to enable them to accept credit cards and debit cards without a merchant account.

Call Acceptiva at 800.507.3871 to find out how we can help you create an easier, more personal buying experience for your clients, or visit our site at http://www.acceptiva.com .

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Accept Credit Card Payment Online

Everyone is selling on the web these days. When we ponder this concept, most of us immediately think of EBay. After all, this is pretty much where it all began. I have to give props to the fellow who started the online auction phenomenon. As of now, he's definitely sitting pretty. Since then, so many nuances have stormed cyberspace. Now you can pick and choose from a variety of online forums and auction websites that sell products. You too can get in the game and sell a few items of your own. The cool part is you don't even have to bother with checks and money orders. Why not just accept credit card payment online? Anyone can do it now. Welcome to the age of big business.




Accept Credit Card Payment Online

Everyone is selling on the web these days. When we ponder this concept, most of us immediately think of EBay. After all, this is pretty much where it all began. I have to give props to the fellow who started the online auction phenomenon. As of now, he's definitely sitting pretty. Since then, so many nuances have stormed cyberspace. Now you can pick and choose from a variety of online forums and auction websites that sell products. You too can get in the game and sell a few items of your own. The cool part is you don't even have to bother with checks and money orders. Why not just accept credit card payment online? Anyone can do it now. Welcome to the age of big business.

I was speaking with a custom knife vendor on the phone the other day. I wanted to purchase one of his products, but wanted more information before I actually threw down the cash. I decided to call him up and get a feel for who he was a bit. This is so much more personal than emailing. Well, needless to say, we chatted about knives for some time. Once I had decided on a piece, he asked me if I wanted to pay him with a credit card or via PayPal. Now, for those of you who aren't in the loop with PayPal, it's an EBay company that allows you to send and receive electronic payments. You can accept credit card payment online with this service. If someone wishes to buy from you, they can add a credit card to their PayPal account and quickly send you the funds. It's ideal if you buy and sell online a lot. Anyway, I was stoked that I could simply PayPal the knife vendor. This makes life easier for me. I typically don't want to use my credit card at all, but I do keep some cash in my PayPal account. Anyone can open one of these on the web.

Imagine you're selling some big ticket items on EBay. The person who wins your items will most likely hope you accept credit card payment online, or have some sort of Paypal account set up. It just makes life a heck of a lot easier now days. No one wants to bother with money orders and checks are becoming obsolete. Thank you, God! So, check to PayPal and see how you can start accepting credit card payments online easy as pie. This is ideal for anyone who sells on the web.

For more information on how to find the Best Business Online try visiting Small Business Start located at http://Small-Business-Start.com where you will find valuable information on internet marketing, making money and other information..

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Accept Multicurrency Payments Online from International Customers Easily

One such advantage of operating an e-commerce website is the convenience of reaching a wider global market with a few clicks. As such, it is necessary for online merchants to have a payment system that can support different currencies to make purchasing easier for global clients.




Accept Multicurrency Payments Online from International Customers Easily

One such advantage of operating an e-commerce website is the convenience of reaching a wider global market with a few clicks. As such, it is necessary for online merchants to have a payment system that can support different currencies to make purchasing easier for global clients. Fortunately, two of the most popular and easy-to-use online payment vendors support multicurrency payments so merchants and buyers need not fret despite being separated by the Pacific. You can get your payments and products in no time thanks to PayPal and Moneybookers.

PayPal

PayPal offers four ways of notifying merchants about payments for back-end integration. These are:

o Reporting

o Email

o Payment Data Transfer (PDT)

o Instant Payment Notification (IPN)

PayPal reports can be anything from history logs to monthly statements of accounts while email notifications are usually sent for three instances: successful, cancelled, and pending payments. PDT and IPN are essentially the same but for some key differences. Although both display payment transaction details for buyers, the time delay can be of significance. Whereas PDT displays these details to buyers when they are redirected to your website after completing their purchases, there some cases when you will not receive notifications like for reversals, refunds, or pending payments. IPN, on the other hand, will notify you instantly about any payment transaction. For best results, it is recommended that you enable both functions for your PayPal account.

Accepting online multicurrency payments for your products generally uses the same steps as when your buyers are locals. Customers go to your website, load products in their shopping carts, and head to check out. They will be directed to a PayPal encrypted page where they will be able to choose their payment option and currency. Upon completion of the payment transaction, they will be redirected to your website. Currently supported currencies are: U.S., Australia, Hong Kong, Singapore, New Zealand and Canadian dollars and Japanese yen, Danish kroner, Swiss francs and euros, among others.

Moneybookers

As an international electronic wallet, Moneybookers lets your customers maintain their accounts using their local currencies, then convert it for your payments. For a minimal conversion rate, you can enjoy the benefits of having global clients at your reach. Supported currencies include the US, Canadian, Singapore, Taiwan, and New Zealand dollar, Euro, Indian Rupee, Japanese Yen, Swiss Franc, and South Korean Won, among others.

Payments can be made using any of the following options:

o Credit Cards

o Debit Cards

Instead of letting international traffic go up in smoke, you can turn them into customers by giving them the option to pay the way they like. You can accept "local" international payments from customers in over 30 countries. Moneybookers also offer online merchants with a full protection against chargeback and fraud with stringent security measures. Not only are your payments safe but also those of your clients.

Aside from the ease of accepting international multicurrency payments from around the globe provided by PayPal and Moneybookers, online merchants can beef up not only their payment solutions but also their security, marketing, and customer service fronts by joining up with an internet marketing and affiliate network like Click2Sell.EU. A network like Click2Sell, allows you to fully manage your online business by enabling the multicurrency transactions. It allows online merchants like you to view transaction details, connect with a lot of affiliates, and provide excellent customer service through extensive payment options. Without these crucial factors, being able to accept different currencies will be of no use since no one will find your website and buy products or services from you.

Egidijus Andreika is a creator of Click2Sell.EU Online Affiliate Programs Network. Click2Sell provides its members the opportunity to accept multicurrency payments from customers in real-time by selling a digital, material or subscription based products. Sell products online with Click2Sell.EU . Visit Affiliate Marketing Network.

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Save Time and Money - Accept Online Payments

Whether you're an active property manager, or you pay someone to handle the management tasks for your rental properties, you're investing time and money in juggling a myriad of management and maintenance tasks. Just one of these is the collection of, and accounting for, rent payments.




Save Time and Money - Accept Online Payments

Whether you're an active property manager, or you pay someone to handle management tasks for your rental properties, you're investing time and money in juggling a myriad of tenant, property management and maintenance tasks. Just one of these is the collection of, and accounting for, rent payments.

o Issue of rent billing and/or reminders for prompt payment
o Delinquent payment reminders and action items
o Receipt of paper checks and accounting for proper tenant credit
o Preparation of deposit records and bank trips to make deposits

In an article titled Businesses Adopt Online Payments To Improve Cash Flow And Save Time And Money, WorkZ, a site for small business help, cites a Gartner research study on the costs of processing manual payments. The study indicated a cost of $2 to $5 to send a paper bill, and $10 to process a paper check. These numbers are related to a successful billing and on-time payment. As property owners and managers, we regularly experience late rental payments, with the associated costs of reminders and action to bring the tenant into compliance.

An actual property management example was outlined in the WorkZ article, beginning with this statement from the company involved: "Andrew Bloch, CFO and Alan Cusson, IT Manager of The Hamilton Company, Boston, Massachusetts, a large property management company, stated "that we have been looking for a solution where we could send a statement to our many tenants either by email or fax and to allow our tenant to be able to make payment over the Internet. Our company processes a significant number of transactions each month and it is very costly to send out statements. The problem with paper checks is that it takes a lot of time and money to handle them,"

Of course, there is the ability to accept credit cards. However, the costs involved will make a significant dent in profitability. With the various fees involved in accepting cards, costs can be 2% to 4% of rentals. These fees are saved by the direct debit of the tenant's bank account, and immediate deposit into the property management account. The electronic rent collection services offered by Buildium make this happen, and at a very low per-transaction cost. There are no credit card processing fees, and the cost to process a paper check is slashed by more than 80%.

By using an online rental payment system, the tenant gets some advantages as well:

o Ability to track their rental account history online
o They can pay from anywhere, even on vacation or away for business
o They save postage and a trip to the post office or mailbox
o It's convenience in a very busy world

Bank owners and property managers we avoid those trips to save time and money for deposit. Our cash flow improves, as the funds are deposited into our account immediately.

The Buildium online payments system takes care of the accounting function as well, automatically crediting the appropriate rental account, as well as monitoring delinquency status and sending reminders.

Whether you own or manage five units or 5000, this is a proven way to improve cash flow, cut administrative costs, and reduce staff workload.

Dimitris Georgakopoulos is Vice President of Technology and one of the founders of Buildium LLC, maker of online property management software for landlords, professional property managers, condos and homeowner associations (HOAs) designed to help them operate more easily and with better results. For further details, visit the website, http://www.buildium.com

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The Benefits of Accepting Rent Payments Online

For property owners, it is extremely essential that their properties are put to good use and they receive the appropriate dues for it. These days merely owning a property is not enough but you have to find effective ways to rent it out to the right kind of people at the right time.




The Benefits of Accepting Rent Payments Online

For property owners, it is extremely essential that their properties are put to good use and they receive the appropriate dues for it. These days merely owning a property is not enough but you have to find effective ways to rent it out to the right kind of people at the right time. Once you own a property, holding on to your tenants also becomes essential. You can suffer major losses if your property is lying vacant over a period of time. Keeping the above factors in mind, the mode of payment you choose for your tenants often becomes a deciding factor for attracting and retaining them. These days when the whole world is experiencing strides in technological advances, the real estate sector cannot be left far behind. As a property owner, it's high time that you become technically savvy too. One positive step in this direction would be to allow online rent payments for your tenants.

Over the years, the landlords of residential properties have received rent payments either in person or through mail. However, Internet has revolutionized the whole concept of business communication and online transactions have become quite popular. More and more property owners are embracing the high-tech real estate management tools such as property management software and online renal payments. They are doing so because of a series of benefits they receive from these tools.

As a property owner, you will notice a significant impact on the operational efficiency and bottom-line profits. Accepting rent payments online will reduce unnecessary monitoring and if you do not reside in the same state in which your property is this method would prove to be very convenient for you. You will also be able to keep track of the payment histories of your tenants through the online website which provides you the online rental payment management system. You won't have to bother to sift through various mails, checks, and other documents. This will prove to be a huge time saver. The information you require would just be a few clicks away and will be presented to you in an organized fashion. For example, if you need to check who all have not paid their rents for a particular month, all you have to do is to login into your online account and you will have access to the information in just few clicks.

For property management companies, these online payment systems are a boon. Implementing an online payment method would mean lower administrative costs for them. They would have to employ far less people as there will be no work related to processing of paper checks, creating journal entries, filling out deposit slips, and having someone to physically visit the bank to deposit them. All this is tedious work automatically and will allow management to effectively and reduce the risk of fraud.. This also allows to plan out future strategies as the company will be able to forecast the cash flow better.

Apart from the benefits of online rent payment system to the landlords, apartment complex owners, and property management companies, it has considerable advantages for the tenants too. This method is extremely convenient to them as they can make the rent payment over the Internet from anywhere. It also helps them to avoid any late fee if they forget to send the check at a particular date as the required amount is debited from their bank accounts.

In conclusion, it can be said that those property owners who do not shift to online rent payment system will be at disadvantage in a competitive real estate environment.

The author is an authority person on online rental payments which helps realtor to receive payment on time through online rent payment system

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How to Accept Payment For Your Online Wholesale Drop Ship Business

You have finally gotten to the point where the online business is ready to be launched. All of the products are chosen and placed on the website. The next step is to make money from the products you have carefully chosen. This is where deciding what payment method to use comes in play.




How to Accept Payment For Your Online Wholesale Drop Ship Business

You have finally gotten to the point where the online business is ready to be launched. All of the products are chosen and placed on the website. The next step is to make money from the products you have carefully chosen. This is where deciding what payment method to use comes in play. Starting a drop shipping and wholesale business is a great idea for anyone wanting to make money with little work.

The most important thing you have to be concerned over is the customers. It is important to know what customers want and that they are happy with the purchase. The first thing to do after a sale is to make sure the customer received the item and that it arrived in good condition.

Accepting payment from the sales is handled in different ways. There are options to offer customers, but your should be sure of the method is content to offer it before. Offering to accept COD means you will not receive payment until the customer pays the delivery company, often times customers will not accept the package which means you have already paid for merchandise that did not sell. Offering customers electronic payment is the most efficient way to receive payment. It can be through pay pal or credit card. Either way you get your money prior to shipping the product.

There are more and more people shopping online due to the convenience and bargains available. If you offer customers what they want to purchase and easy ways to pay for their purchases, your profits will begin rolling in right away.

Offering a variety of payments will bring in a variety of customers by making their efforts to shop easy. But offering payment plans such as COD can be risky to your business so if you are just beginning, the best way is to accept electronic payments. The customer will receive an immediate invoice and you receive immediate payment.

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