eCommerce and online merchants will have a way to simplify the way customers buy their products. While accepting just one kind of payment can make a completely new customer base, in addition, it works one other way round. Refusing just one form of payment can result to a considerable plunge in the consumer base of one’s business. Unlike large businesses that can afford to get rid of some customers because they are stable anyway, small businesses are influenced by each and each one of them. So, in the best interest of businesses, they should try to simply accept all possible forms of payment. Before discussing different forms of payments and the advantages they give, take a look at some advantages that online payment methods have to provide:
The major advantage provided by online payment solutions to eCommerce/online merchants is convenience. When consumers find what they want 소액결제현금화, they may purchase it by building a few clicks. Businesses may also be paid instantly for the products which 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 due to online payment. It is also more straightforward to cancel subscriptions. This aspect could be managed without hiring anyone, and that’s why is it convenient for both businesses and consumers.
Types of Accepting Online Payments
There are many various ways of accepting online payments, but the most popular method is via credit cards. Yet, some online buyers still go for other methods offered. Knowing various methods, along with their pros and cons, is a step needed to develop a business.
When people discuss options to online processing of credit card payment, PayPal always occurs the top of list. It’s among the payment services which have been used far and wide. PayPal is convenient for eCommerce/online marketers, and it’s simple to use for consumers. Setup is simple, and transactions are managed directly through PayPal. It’s safe to make use of since consumers don’t give information to merchants aside from a mailing address when needed.
Costs: PayPal charges $0.30 + 2% of total transactions. This is automatically subtracted from the payment.
Google Checkout was developed by Google in response to PayPal. Allowing users buy goods via their Google account. Its major benefit is, since lots of people use Google for several services, the truth that the exact same account can also be used to buy products.
Costs: Google Checkout, like PayPal, charges per transaction. So, each transaction costs $0.30 + 2.9%. This figure may be reduced with a greater sales volume per month.
Certainly, Internet mogul Amazon must offer its payment solution for eCommerce/online merchants. It’s good alternative, though much less famous as Google and PayPal.
Costs: Compared 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 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 other than the aforementioned options. Businesses selling products through their website are needed to simply accept credit cards.