Precisely what Everyday materials Recognised Online Payment Methods?.
eCommerce and online merchants will have ways to simplify the way customers buy their products. While accepting only one form of payment can make a completely new customer base, in addition, it works another way round. Refusing only one kind of payment can result to a large plunge in the customer base of your business. Unlike large businesses that can afford to get rid of some customers because they are stable anyway, small businesses are dependent on each and each one of them. So, in the best interest of businesses, they will try to just accept all possible kinds of payment. Before discussing the different kinds of payments and the advantages they offer, take a peek at some advantages that online payment methods have to offer:
The major advantage made available from online payment techniques to eCommerce/online merchants is convenience. When consumers find what they need 소액결제현금화, they could purchase it by building a few clicks. Businesses will also be paid instantly for these products which were sold on the site. This can be 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 as a result of online payment. It can also be more straightforward to cancel subscriptions. This aspect could possibly 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 popular method is via credit cards. Yet, some online buyers still decide for other methods offered. Knowing various methods, along with their pros and cons, is an action needed to develop a business.
When people discuss options to online processing of bank card payment, PayPal always happens top of the list. It is among the 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 simple, and transactions are managed directly through PayPal. It is safe to use since consumers don’t give information to merchants except for 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 reaction to PayPal. This lets users buy goods via their Google account. Its major benefit is, since a lot of people use Google for several services, the truth that the same account can 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 must offer its payment solution for eCommerce/online merchants. It is good alternative, though not as famous as Google and PayPal.
Costs: In comparison to other venues, Amazon has different charges on the basis of the size of the product. If it is below $10, it costs $0.05 + 5% and if it’s more, it costs $0.30 + 2.9%.
Bill Me Later
One of the credit solutions for merchants is Bill Me Later. This is best for those selling pricey products. However, the facility to produce payments may entice some customers to get something more expensive.
There are lots of solutions for accepting credit cars apart from the aforementioned options. Businesses selling products through their website are required to just accept credit cards.