eCommerce and online merchants will have a method to simplify just how customers buy their products. While accepting only 1 type of payment can bring in a totally new customer base, additionally it works the other way round. Refusing only 1 kind of payment can result to a substantial plunge in the client base of one’s business. Unlike large businesses that are able to get rid of some customers since they’re stable anyway, small businesses are influenced by each and each of them. So, in the best interest of businesses, they will try to simply accept all possible forms of payment. Before discussing the various 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 might purchase it by creating a few clicks. Businesses will also be paid instantly for these products that have been sold on their 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 is also 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 other 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, in addition to 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 comes on 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 user friendly for consumers. Setup is straightforward, and transactions are dealt with directly through PayPal. It is safe to utilize since consumers do not give information to merchants except for 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 developed by Google in a reaction to PayPal. Allowing users buy goods via their Google account. Its major benefit is, since lots of people use Google for several services, the fact that exactly the 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 higher sales volume per month.
Certainly, Internet mogul Amazon must offer its payment solution for eCommerce/online merchants. It is 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’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 really is best for anyone selling pricey products. However, the facility to produce payments may entice some customers to get something more expensive.
There are numerous solutions for accepting credit cars other than these options. Businesses selling products through their website are needed to simply accept credit cards.