eCommerce and online merchants will have a method to simplify the way in which customers buy their products. While accepting only 1 form of payment can bring in a totally new customer base, in addition, it works the other way round. Refusing only 1 form of payment can result to a large plunge in the client base of one’s business. Unlike large businesses that are able to afford to lose some customers because they are stable anyway, small businesses are influenced by each and each of them. So, in the best interest of businesses, they will try to just accept all possible forms of payment. Before discussing different forms of payments and the advantages they provide, take a look at some advantages that online payment methods have to supply:
The major advantage made available from online payment techniques to eCommerce/online merchants is convenience. When consumers find what they need 소액결제현금화, they may purchase it by making a few clicks. Businesses are also paid instantly for the merchandise that have been sold on their site. This is a win-win solution for both parties.
Subscriptions can be purchased in different forms, and offer convenience to both parties. Subscriptions are easy to setup and maintain because of online payment. It is also simpler to cancel subscriptions. This aspect might be managed without hiring anyone, and that’s what makes it convenient for both businesses and consumers.
Types of Accepting Online Payments
There are numerous various ways of accepting online payments, but typically the most popular method is via credit cards. Yet, some online buyers still choose other methods offered. Knowing various methods, in addition to their pros and cons, is an action needed to develop a business.
When people speak about options to online processing of credit card payment, PayPal always happens top of the list. It is among the payment services that have been used far and wide. PayPal is convenient for eCommerce/online marketers, and it’s simple to use for consumers. Setup is straightforward, and transactions are dealt with directly through PayPal. It is safe to make use of since consumers don’t 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 created by Google in reaction to PayPal. Allowing users buy goods via their Google account. Its major benefit is, since many individuals use Google for a couple of services, the truth that the same account may also be used to purchase products.
Costs: Google Checkout, like PayPal, charges per transaction. So, each transaction costs $0.30 + 2.9%. This figure can be reduced with a greater sales volume per month.
Certainly, Internet mogul Amazon is needed to offer its payment solution for eCommerce/online merchants. It is good alternative, though not as famous as Google and PayPal.
Costs: Compared to other venues, Amazon has different charges on the basis of the size of the product. When it is below $10, it costs $0.05 + 5% and if 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 create payments may entice some customers to buy something more expensive.
There are many solutions for accepting credit cars besides the aforementioned options. Businesses selling products through their website are needed to just accept credit cards.