Merchant Accounts and Alternatives to Paypal
Paypal is widely accepted for auction payments, and is, in fact, owned by Ebay.
Other similar options are;
Propay.com offers you internet ecommerce
and allows you to take orders by phone and input the customer's
credit card # in manually yourself. This is a great tool for
those who do business offline as well as online.
When you have enough sales coming through, you
may decide to go with your own merchant account. Here are
some options;
Electronic Transfer - With your credit card processing set up you get a free merchant account and free
credit card processing gateway set up. Shopping Cart included.
Paynetsystems.com -
Mal's
Ecommerce - free shopping cart designed
it to be the correct solution for the vast majority of merchants.
It offers a full featured shopping cart with access to all
the important features that are required to start selling
goods and services on the internet. In general the paid version,
the Premium account, doesn't buy ($6 a month) you more features,
rather it offers easier Admin.
American Express - American Express stand alone merchant offers a lot of savings over a third party doing it for you. If having chargebacks concerns you, you'll learn that by having your own stand alone merchant account with AMEX, you do away with chargeback fees. Also, the funds that are disputed by consumer stay in your account until investigation is completed, unlike Visa and M-C who take the funds out IMMEDIATELY upon dispute and can take up to 75 days to return the fees back to you. Additionally, Visa and M-C processors hit you with a chargeback fee, regardless if you are proven innocent or guilty...not with AMEX. Let's just say we LOVE American Express!
Keep checking back for more updates.
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