eCommerce and online merchants now have a way to simplify just how customers buy their products. While accepting only one form of payment can make a totally new customer base, in addition, it works another way round. Refusing only one form of payment can result to a substantial plunge in the consumer base of one’s business. Unlike large businesses that can afford to get rid of some customers since they’re stable anyway, small businesses are determined by each and each one of them. So, in the very best interest of businesses, they need to try to just accept all possible kinds of payment. Before discussing the various kinds of payments and the advantages they provide, take a peek at some advantages that online payment methods have to supply:
The major advantage made available from online payment solutions to eCommerce/online merchants is convenience. When consumers find what they need 소액결제현금화, they could purchase it by making a few clicks. Businesses are also paid instantly for the merchandise that have been sold on the site. This is a win-win solution for both parties.
Subscriptions can be found in different forms, and offer convenience to both parties. Subscriptions are easy to create and maintain as a result of online payment. It can be more straightforward to cancel subscriptions. This aspect might be managed without hiring anyone, and that’s what makes it convenient for both businesses and consumers.
Methods of Accepting Online Payments
There are numerous various ways of accepting online payments, but the most popular method is via credit cards. Yet, some online buyers still choose other methods offered. Knowing various methods, along with their pros and cons, is a step needed to develop a business.
When people speak about options to online processing of credit card payment, PayPal always happens the top of list. It’s among the payment services that have been used far and wide. PayPal is convenient for eCommerce/online marketers, and it is simple to use for consumers. Setup is straightforward, and transactions are dealt with directly through PayPal. It’s safe to use 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 really is automatically subtracted from the payment.
Google Checkout was created by Google in a reaction to PayPal. This lets users buy goods via their Google account. Its major benefit is, since a lot of people use Google for a few services, the fact that exactly the same account can be used to purchase products.
Costs: Google Checkout, like PayPal, charges per transaction. So, each transaction costs $0.30 + 2.9%. This figure may be reduced with an increased sales volume per month.
Certainly, Internet mogul Amazon is required to 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 on the basis of the size of the product. When 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 really is best for anyone selling pricey products. However, the facility to create payments may entice some customers to get something more expensive.
There are lots of solutions for accepting credit cars besides the aforementioned options. Businesses selling products through their website are needed to just accept credit cards.