The industry of online business is simply getting better and a certain area which has improved is the payment processing options. These days, there had been lots of payment options that one could choose and have a profitable and reliable business. As an online entrepreneur, your stakes are simply getting better and better. For you to become successful with this field you have to give your customers the best of flexibility with regards to how they pay for their online purchases and that is then your website. Recently, a study shows that online stores giving about three additional payments processing options apart from credit card is reportedly getting higher rates of sales conversions opposing to those that are offering a single online payment option apart from credit cards. It only means the more payment processing options you offer, the higher your sales and money you will make. If you are looking out for these options, then here are some of those that you could get:
Credit Card
This is certainly the staple of online payment. Credit cards are totally the most popular way of paying out for goods as well as services on the net. For one to use this payment option their business website needs to accept Amex, MasterCard and Discover and you will get an online merchant account. You could actually register for an online merchant account together with your local bank. You must only be informed that, for you to process the payment from all of the major credit cards into your site, you need to complete the registration for the online merchant accounts having two separate banks. On the other hand, you could make an account at online merchant account using third party merchant account provider just like Bean stream, Internet Secure, Moneris or the PS iGATE. The advantage of making an account for online merchant accounts having third party is that, there's no need for you to make security deposits as needed by banks. The set up is totally fast and they are flexible to be bundled with e-commerce service packages that include internet gateway for the credit card processing. The only disadvantage for this payment processing method is its cost. Their discount fees are totally higher than setting up your online merchant account using your local bank.
PayPal
It is one of the highly used payment processing method. Its website payment standard program lets one to accept MasterCard, Visa, Discover and even American Express credit card payments and bank transfers without any sort of monthly fees, cancellation fees and set up fees. PayPal then charges you a fee of about 1.9 to 2.9% of transaction and additional 30 cents for every order depending on the volume of the company sales.
Moneybookers
This online payment processing method also works like PayPal and a better solutions provider. It only has little additional of the API code given by them to your website and you could surely process the credit payment from the major credit cards straight from your website. The Moneybookers account could also be directly linked into your local bank account by the SWIFT network. Thus, if you would like to get the best payment processing option, knowing those tips different methods above could help you out.
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