What is the best method of online payment processing for an online business?
These days there is no denying the financial gain and popularity that can be gained from opening an online business. In fact, hundreds of thousands of average people from around the world make a full time living from operating their own online business. Many people operate major online stores while others sell a specific product or service that they personally create and sale.
These days there is no denying the financial gain and popularity that can be gained from opening an online business. In fact, hundreds of thousands of average people from around the world make a full time living from operating their own online business. Many people operate major online stores while others sell a specific product or service that they personally create and sale
However, in order to make a profit you must have a method of online payment processing in order to accept payments from your customers. When considering your online payment processing method you should consider what the most popular form of payment is when it comes to online stores.
Over 90% of consumers who shop online make their purchases using credit cards. Therefore, if you don't offer credit cards as a form of payment you will quickly discover that your online company will be unable to thrive in the online market. Therefore, you must seek out and obtain an online payment processing method that includes the acceptance of credit cards.
When doing this you will want to look into free credit card processing methods. This is because many companies that offer online payment processing actually charge you for every credit card transaction that you make. This means that you will have to pay out large sums of money to the merchant you work with. This can result in a loss of profit over time.
A good majority of businesses will turn to a "free" service like PayPal for their online payment processing. However, there are two problems with this. First off, PayPal does not actually offer free credit card processing. In fact, they charge you a fee for every payment that you receive. Secondly, in order for your customers to pay you by using PayPal, they have to register for a PayPal account. Most people who shop online are looking for convenience and don't want to waste their time registering for an account at another website in order to make a payment.
Additionally, it should be noted that when using a free service like PayPal, your company's reputation will decline. Customers do not take an online business seriously unless they control and use their own internal online payment processing. Therefore, you need to find a truly free credit card processing company and establish your own merchant account.
Free credit card processing can be obtained from a merchant provider such as North American Bancard. They are one of the only merchant account providers in North America that actually offer free credit card processing for their clients. They are a company that is dedicated to providing the cheapest rates imaginable to their clients. For this reason they are growing in popularity every year and are becoming the number one resource for new businesses looking for online payment processing services.
Additionally, they have a strong focus on online companies who are just starting out and looking to make a mark in the online market. They are very helpful and provide the resources and tools that new companies need in order to be successful at online payment processing.
Online payment processing is vitally important to the survival of all online companies. However, you will need to seek out free credit card processing from a reputable company such as North American Bancard if you want to save money while making money.
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