eCommerce and online merchants will have a way to simplify the way customers buy their products. While accepting only one form of payment can generate a completely new customer base, in addition, it works the other way round. Refusing only one kind of payment can result to a considerable plunge in the consumer base of your business. Unlike large businesses that can afford to get rid of some customers since they’re stable anyway, small businesses are dependent on each and each one of them. So, in the very best interest of businesses, they need to try to accept all possible kinds of payment. Before discussing different kinds of payments and the advantages they give, take a look at some advantages that online payment methods have to supply:
The major advantage offered by online payment solutions to eCommerce/online merchants is convenience. When consumers find what they want 소액결제현금화, they could purchase it by building a few clicks. Businesses will also be paid instantly for the products which were sold on the site. This can be a win-win solution for both parties.
Subscriptions can be found in different forms, and offer convenience to both parties. Subscriptions are easy to setup and maintain because of online payment. It can also be better to cancel subscriptions. This aspect could be managed without hiring anyone, and that’s what makes it convenient for both businesses and consumers.
Methods of Accepting Online Payments
There are several different ways of accepting online payments, but the most used method is via credit cards. Yet, some online buyers still choose for other methods offered. Knowing various methods, along with their pros and cons, is a step needed to produce a business.
When people discuss options to online processing of charge card payment, PayPal always occurs the top of list. It’s one of many payment services which were used far and wide. PayPal is convenient for eCommerce/online marketers, and it is simple to use for consumers. Setup is easy, and transactions are handled directly through PayPal. It’s safe to make use of since consumers do not give information to merchants with the exception of a mailing address when needed.
Costs: PayPal charges $0.30 + 2% of total transactions. This is automatically subtracted from the payment.
Google Checkout was produced by Google in response to PayPal. Allowing users buy goods via their Google account. Its major benefit is, since a lot of people use Google for several services, the truth that exactly the same account can be used to buy products.
Costs: Google Checkout, like PayPal, charges per transaction. So, each transaction costs $0.30 + 2.9%. This figure can be reduced with an increased sales volume per month.
Certainly, Internet mogul Amazon is needed to offer its payment solution for eCommerce/online merchants. It’s good alternative, though much less famous as Google and PayPal.
Costs: In comparison to other venues, Amazon has different charges based on the size of the product. When it’s below $10, it costs $0.05 + 5% and when it is more, it costs $0.30 + 2.9%.
Bill Me Later
One of many credit solutions for merchants is Bill Me Later. This is best for those selling pricey products. However, the facility to make payments may entice some customers to get something more expensive.
There are lots of solutions for accepting credit cars besides these options. Businesses selling products through their website are expected to accept credit cards.