Accept Credit Cards and Online Payments on Your Website
Would you like to sell your products online on your website and accept credit card and online payments from your customers?
Then you'll find the easy guides on this website useful to help you choose the best method to accept credit cards.
Here are the main two options you have:
1. Using your own merchant account
2. Using a third-party credit card processing service - no merchant account needed
Each method has its own benefits and also downside which you will discover here...
1. Having Your Own Merchant Account
By having your own merchant account, you can take credit card orders on your website and have the money be sent directly to your own bank account.
You can also use your own payment gateway then and enjoy a lower transaction fee for each sale - as low as 2% of the product price.
So you maximize your profits per sale this way.
On the other hand, getting a merchant account can be a hassle and not very easy - especially if you don't have a good credit score. Not to mention it can be quite expensive.
You will also need to get a payment gateway to process the orders, which comes with a cost itself.
What's more, since you are using your own merchant account, you are at the risk of charge backs from some of your customers which can lead to having your account closed at your bank and hurting your credit.
So if you are a small business owner, you may not want to use your own merchant account and go with the easier solution - as most small businesses use online...
2. Using Third-Party Credit Card Processing Services
Using third-party credit card accepting solutions is very easy and fast. You can create your free account in them and start selling your products online in 5 minutes from now.
That's why this method is the #1 most popular method among small business owners or even bigger businesses online.
When you use a credit card processing company to process your orders automatically, they will use their own merchant account and then easily send you the money every month to your bank account or by check.
So this way, all the possible risks of charge backs are on their merchant account - not yours, unlike when using your own merchant account.
Here you can find some popular cheap credit card processing services.
Also here are some of the most popular and best services when it comes to ease of use, and a free or very affordable cost:
You can also discover more companies and compare their features one this guide about various online payment solutions.