what is the cheapest option for a merchant to accept credit card payments?
Posted on September 20th, 2009 by admin
i am a merchant and i already have a cardnet (from LLOYDS TSB in the UK) to accept card payments. However, i rarely use the machine as sales are normally paid through cheque by our customers. the charges are, i find, very expensive. are there any cheaper options for me available? i know of paypal but does paypal only work over the internet? how about if i want to accept payment over the phone? are there any other cheaper alternatives you know of? thanks
paypal.
September 20th, 2009 at 6:54 am
paypal.
References :
September 20th, 2009 at 7:10 am
There are many ways to accept payments online.
Obviously the most common is Paypal and most merchants have this option available on this site. Fee’s are fairly high but the increase in customers you receive as a result of accepting Paypal covers the fees.
There are also a few ways of charging via mobile phones. I.e. texting and although i think this has huge potential, there are not many companies which offer this service for merchants to provide. The ones that do are still fairly faulty and have high fees.
If you are selling a downloadble product (e.g. e-book) then i strongly recommend either Clickbank.com or PayDotCom.com both of which provide you with brilliant tracking and many affiliates to promote your product. Lastly, you can combine scripts such as Mike Filsaime’s "Butterfly Marketing Script" with paypal to create EXTREMELY viral and profitable sites.
Just a few thoughts.
-Dave
letmeadvise.com
References :
Butterfly Marketing Script: http://www.letmeadvise.com/links/butterflymarketing.html
LetMeAdvise – http://letmeadvise.com
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