Merchant Accounts for Small Businesses
... and other Internet alternatives
If you intend to
actually sell things from your website (rather than a referral or affiliate
website) the chances are that you'll want to set up a merchant account
to handle real-time credit card and debit card processing.
You may well wish
to approach your own High Street bank for a merchant account; either
they'll operate their own merchant service or will have an associate
merchant service. But there are other alternatives available that you
may want to consider, and you should at least be aware of them. Whatever
you decide, you must ensure that your supplier has a secure system of
taking payments. In particular, you should ensure that the SSL (Secure
Sockets Layer) protocol is used - this means that data cannot be read
by other computers as it travels between your browser/your customer's
browser and the bank's own server.
To learn more about
merchant accounts for small businesses click
here.
Some Major Resources
WorldPay:
One of the biggest Internet merchant facilities is WorldPay, and their
slogan - Worldwide eCommerce Solutions, Guaranteed - gives a good account
of the huge range of services they have. They offer one-stop, global
e-commerce solutions for the small business up to multinational companies
involving many currencies. Highly recommended. To learn more
click here.
QuickpayPro:
This is a wonderful system to automate your online business as well
as accepting your customers' cards. They partner with their own affiliate
merchant bank but they say that "Unlike other real-time ordering
systems, you do not need your own merchant account. QuickPayPro is fully
integrated for automation using your existing PaySystems, Revecom, 2CheckOut,
or PayPal account." You can have two versions - a single product
order form or full shopping cart for multiple products. This system
does truly cover all the bases - it's a seamless collection of paymaster,
autoresponder, affiliate manager and return-on-investment accountant.
There is a 30 day trial version for $2.95, and the full version costs
from $37 a month. The system is designed to enable the sale of both
"real" and digital products. Click
here for the trial.
ClickBank:
This is highly thought of, and probably suited to the smaller to medium
sized business. They are geared to digital products only. A distinguishing
feature of ClickBank is that they have a good affiliate program, where
other people can sell your digital products on their site. This is a
real alternative if you don't want a merchant account; they accept all
credit cards. There is a one-off $49.95 activation fee of your account,
and they also charge $1 plus 7.5% of each sale. You can sell up to 50
products through one account.They have a large range of virtual and
digital products designed for distribution by third parties. Click
here for more information.
For a comprehensive
list of merchant account providers click here.
Micropayments
This relatively
new e-commerce phenomenon has a huge potential demand but is sadly underdeveloped.
New players are constantly entering the field but, as with any market
that is far from mature, care should be taken when selecting from the
various options available, as a lot of these providers will surely founder
at some early point. Here are just two which look at least quite promising.
To learn more, click
here.
Building the Shop
There are so many
"shopping cart" options for businesses who would like a strong
Internet retail presence that it would be impossible to make any specific
recommendations, except only to recommend that businesses have a look
at all the possibilities and permutations and decide what suits them
best. Actinic Catalog (www.actinic.co.uk)
is probably one of the better known packages that allow you to build
an on-line store, and costs £349. Extend, from Equology,
is a totally web-based alternative and can be administered from anywhere,
costing from £39.95 a month. For a smaller online shop there's
Astrosell's Small Store package
which costs £99. Shopfitter
is for small to medium sized businesses and charges a small commission
for each item sold.
To learn more about
building your online shop click here.