E-Payments


E-Payments02 Mar 2008 11:45 pm

I have a new tip for you today: Feel free to use third-party payment processors such as PayPal or Google Checkout.

You can get your own merchant account. If you process a lot of payments, it will probably be cheaper. But if you do not do that many, it may cost more because there is usually a lot of setup fees. Also, it takes a lot more technical knowledge.

For a newer and smaller internet business, you may think having your own merchant account will make you look more reliable. But it may scare potential customers, making them not buy from you. If your company does not have a big reputation, people may not want to give you their credit card numbers. Major third-party processors such as PayPal are trusted by customers.

I would recommend sticking with third-party processors until your business is big enough to warrant going through the trouble of getting your own merchant account.

What do you think?

Also, please note that I am not endorsing any specific company or processor. I personally use PayPal, but only because I believe it is most well-known to my customers. You want to do your own research, and find the payment processor that is best for your specific business.

E-Payments02 Sep 2006 05:26 pm

by Steve Depraida

Online business is a very lucrative business as you can sell your goods or services from any part of world to any part of the world. You can display your products on the virtual web store.

But there is a problem in this scenario as there is no physical contact with the customer; the collection of the payment can be a major issue. If as a businessperson or a merchant you accept credit cards your problem can be solved.

Credit cards machine is a safe and simple way to accept payment from the customers. Merchant-accounts.com helps merchant to accept credit cards. Merchant-accounts allow credit card processing; therefore to accept credit cards the first step is to get a merchant account from a reliable merchant account provider.

If you are an online businessmen and most of your transactions are online, then a merchant account is a necessity not a choice. As it helps in attracting business from impulse buyers who visit the site and like your product and in the heat of the moment want to buy it. An online credit card processing facility on your website helps you to do so. Secondly you have the advantage of attracting the international customers and to receive payment from them.

To accept credit cards online either you have your own merchant account or you use the online credit card accepting facility of a third party. The initial set up fee of merchant account is higher than the third party account. But the transaction fees of the third party accounts are very high. It is therefore advisable to try the third party account initially and later have your own merchant account.

Select a few merchant account providers and compare their offers carefully. It is advisable that you take time to study the proposal in details as at times there are a number of hidden fees that go unnoticed initially and may cost you dearly after you open the account.

Once you have decided on the merchant account provider, contact the company and set up the account.

E-Payments23 Aug 2006 01:50 am

by Tiffany Sutton

As someone who was flat out lied to about a particular business, I had every right to do a chargeback at one point. My credit card company agreed based on the evidence I submitted that I had been completely misinformed and ripped off. However, this refund thing is a double edged sword. If you were lied to and paid for something based on promises or guarantees, then you have every right to expect that those promises be fulfilled. I know I did. If the other party does not follow through or they intentionally misinformed you, I advise anyone with a brain to pursue getting their money back.

However, you also have many dishonest people who purchase products, businesses, or services everyday and just don’t want to pay for them. They may buy a product, use it up and want their money back. I saw it in the beauty industry all the time. In my eyes, doing this is the equivalent of stealing. I’ve been involved with two companies I made a lot of money for, who allowed people to do this to their associates. So, you still have to pay for your advertising, plus whatever monthly fees you pay to your affiliate company, even if some jackass decides a month later that they want their money back. I advise not putting yourself in a position where this can affect you. Normally, the good outweighs the bad. But, if a company supports deadbeats more than it does their hardworking and honest affiliates, there is something wrong with that picture.

I recently read an article saying that chargebacks are literally the biggest problem for internet marketers today. I experienced my downline’s chargebacks (not mine) literally preventing me from receiving my own commissions. I separated myself from one of my most profitable websites for this very reason. Someone benefits from your business or product, downloads materials, sits on their butt for over a month, then needs money for their bills. Is that my responsibility? No, it’s not. And, it’s not yours, either.

While I have a few good businesses I work with and promote, I tend to lean towards selling actual products. I have yet to experience any refunds in doing this. I’m sure I will at times. But, it’s been long enough to know that this is the safer route. If all the information is put “out there” so someone can make an informed decision, this can help prevent any future problems for you.

If they take the time to select a product, it is generally to fill a need and they will rarely have a reason to return it. My experience is that choosing to promote a product which has a reasonable price will cause you fewer headaches. People will generally stick with it and won’t be giving up a large sum of money in doing so. As an affiliate, they will be more inclined to promote that product or business if they feel others will be able to afford it, too. That just makes sense.

About The Author: Tiffany Sutton is the webmaster and owner of http://theworkplacesucks.com/. She has a successful Internet home business and ahe has helped several new online business owners get started. For a FREE Internet Home Business Ebook that tells The Truth About Working At Home, visit her website.