Ecommerce Information |
|
Credit Card Processing - 7 Things You Need to Know Before Opening an Online Merchant Account
When considering opening an online merchant account to accept credit card orders, there are a lot of things you need to keep in mind. The best thing to do is learn all about credit card processing before you open your online merchant account so you can handle everything from the beginning rather than having to go back and make many changes. The following topics are things you need to know about credit card processing online before you open an online merchant account: Topic #1 Security When it comes to making online purchases you need to be sure your customers feel as confident as possible that your site is secure and there is a very small percentage that any fraud will take place during their purchase. In general, the credit card processing software takes care of the security for the transactions; however you can boost security on your own website to reduce the theft of credit card numbers, hackers, and general fraud. Also, consider using additional secure measures like asking for the numbers on the back of their visa card or the four numbers on the front of their American Express. Doing so ensures that the person ordering has the credit card in hand, and more than likely this is the owner of the card. Topic #2 Fixed Rates Before signing up with a credit card processing company you want to make sure you will be receiving fixed rates for the life of the service. Many firms offer this so don't feel that this is not an option. When you set this up, it is important that you get this in writing to ensure your rates stay the same. Of course, your rates will rise if Visa or MasterCard increase what they charge for credit card purchases, but this should be the only condition. Don't sign any contracts without addressing this issue! Topic #3 Bundled Rates Be careful with bundled rate offers. Frequently, credit card processing companies will mention bundled rates and how they will save you money. This may or may not be the case, depending on your products and the average price you sell them for. Do some research on this topic in comparison to the types and prices of products you sell to see if it will save you money or not. For most businesses it costs more. Topic #4 Confidence Before you open an online merchant account, be sure you have complete confidence in the company that is handling the credit card processing. If for some reason you do not, even if you don't know why, keep moving on until you find one you do feel comfortable with. Topic #5 Credit Cards and Debit Cards You want credit card processing software that will allow you to accept a wide variety of credit cards as well as debit cards. Do not limit yourself to just Visa or MasterCard. Also accept cards like American Express, Diners Club, as well as all bank debit cards. Doing this will only increase your business. Topic #6 Accept Credit Cards Before opening an online merchant account you should know that most people are going to purchase from you using their credit or debit card. Sending personal checks and or money orders might be an option you provide for the small percentage without credit cards or who mistrust the Internet, but most people are going to buy with their cards so it is important to have secure software and an easy to use interface. Topic #7 Save Payment Information Many websites offer the option to save payment information. This means that more than likely, you will have a return customer who wants to save time when shopping next time by not having to type in all of their information again. Provide this option to shoppers on your website! Michael Turner reveals step-by-step how you can increase search engine traffic in his free 7 part mini-series. Grab it now at http://www.powertraffictactics.com/
MORE RESOURCES: How an ecommerce site increased commercial monthly organic traffic from 37K to 210K Search Engine Land What do Europeans, Americans and Australians have in common? Scammed $50M by fake e-stores The Register Google Shopping May Show How Many Shoppers Purchased On Your E-Commerce Site Search Engine Roundtable Retail ecommerce spending grows in first third of year, Adobe data shows Digital Commerce 360 How to Start an E-Commerce Business in 2024 WebProNews New Ecommerce Tools: May 7, 2024 Practical Ecommerce Speakeasy Co. Unveils 2023 eCommerce Year In Review: Key Insights on Consumer Behavior and BevAlc Trends PR Newswire Kazakhstan’s E-Commerce Surges by 79% in 2023 Astana Times News / Airlines face Q4 capacity 'balancing act' as they weigh up ecommerce potential theloadstar.com Ecommerce earnings recap: What you missed from Aritzia, Peloton and more Digital Commerce 360 Google Revs Ecommerce SERPs Practical Ecommerce How a TikTok ban could impact ecommerce retailers Digital Commerce 360 Essendant’s new interim CEO looks to fast-track B2B ecommerce Digital Commerce 360 Amazon introduces new shoppable ad formats Digital Commerce 360 From Home Delivery & Store Pickups to AI Integration: The Key to Embracing Ecommerce for Grocery Retailers MarketScale Shopify revenue and GMV grow more than 20% in Q1 Digital Commerce 360 Ahold Delhaize ecommerce switch helps Q1 sales in the U.S. Supermarket News Market Map: Ecommerce plots a comeback with 'prepurchase' startups PitchBook News & Analysis New retailers partner with DoorDash, Instacart for last-mile delivery Digital Commerce 360 ACV Auctions posts a strong Q1 Digital Commerce 360 Builders FirstSource eyes $1 billion in digital sales by 2026 Digital Commerce 360 Latam E-Commerce Giant Mercado Libre Holds $40 Million in Crypto – News Bytes Bitcoin News Bitcoin.com News Global Access Celebrates 22 Years of Empowering Cross-Border Ecommerce with Revolutionary Technology The Herald Journal Data, online delivery and the search for continual e-commerce improvement ComputerWeekly.com Adobe: 2024 e-commerce spend exceeds $330 billion so far Chain Store Age Payment cards lead e-commerce payments in South Korea Electronic Payments International BigCommerce names a former Accenture executive as president Digital Commerce 360 Best ecommerce tool of 2024 TechRadar B2B buyers want (and use) multiple digital sales channels Digital Commerce 360 US ecommerce sales penetration hits new high in 2023 Digital Commerce 360 E-commerce spend grows to $331.6 billion, as consumers trade down to cheaper goods online: Adobe Storyboard18 Goodwill opens Wellsboro ecommerce online location | Local | tiogapublishing.com The Wellsboro Gazette Platforms see scorching summer sending ecommerce sales soaring The Economic Times Contentsquare CMO Reveals Why Brands’ Best Acquisition Strategy is a Retention Strategy Retail TouchPoints Common E-Commerce Challenges Businesses Face - businessnewsdaily.com Business News Daily Navigating the complicated bedroom category with e-commerce supplier Walker Edison - Furniture Today TikTok to expand e-commerce business into Mexico, major Western European markets South China Morning Post Alibaba’s flagship shopping site starts biggest revamp in 7 years South China Morning Post Natural Shrimp E-Commerce Update PerishableNews U.S. ecommerce sales in Q4 2023 hit new high despite slow growth Digital Commerce 360 Liquidity Services posts mixed Q1 results for its B2B surplus assets marketplace Digital Commerce 360 E-Commerce Bolsters Brick-and-Mortar Business Floor Focus I quit my blue-collar job, made $1M on 2 ecommerce businesses Business Insider Expat Google engineering exec Claire Southey heads home to join ecommerce marketer Rokt Startup Daily Specialty Food News Specialty Food Association How to use social media ecommerce effectively in 2024 Sprout Social Guest Article: E-commerce and Plastic Packaging Regulations | SDG Knowledge Hub | IISD IISD's SDG Knowledge Hub Descartes’ Annual Ecommerce Analysis Throws Light On Growth Of Online Buying Travel And Tour World Legal Business Partner - Ecommerce Law.asia Ecommerce earnings recap: What you missed from Columbia, Harley-Davidson and more Digital Commerce 360 E-Commerce Study Shows Online Buying Grows but Consumers Still Face Delivery Problems Supply and Demand Chain Executive MerchantPro brings eCommerce leaders to the 2nd edition of dotCommerce Digital Forum on June 11th Romania-Insider.com Worldwide Retail Ecommerce Forecast 2024 eMarketer With 14 million ecommerce sites, the US is atop the online world Digital Commerce 360 Exploring Temu's Fast Delivery Revolution in E-Commerce Retail Merchandiser The importance of a retail media strategy for e-commerce Bizcommunity.com |
RELATED ARTICLES
Shopping from Your Cell Phone with Froogle Wireless Many surfers already know about Froogle, Google's shopping portal that is still in beta testing. Google has now expanded their Froogle service so that it is available on WML-enabled cellular phones. Selling Online for Newbies If you are interested in selling online, it is quite easy to get started. First of all you must have a product or service to sell. How Measuring Key Performance Indicators Can Improve E-Commerce Strategy - Part Two Why time spent on your site is importantAll websites regardless of type should measure this KPI, simply because all websites can use it as a gauge to see how compelling their offers are as well as check web site performance. It doesn't matter whether you're running a content portal or an e-commerce sales operation, time spent on your pages is an important metric to measure. Shopping Carts For The Faint Of Heart The chief criteria for judging an ecommerce shopping cart are the number of credit card processors and shipping services it supports, and the number of people that support *it*.Why? Because credit card processors and shipping services mutate all the time. Select a Niche Market for Ecommerce Choosing a carefully pinpointed niche market should be one of the first steps that an internet business owner has to take. A very common way of describing a niche market is 'a targeted group of individuals with very specific and similar needs or interests. What Does It Take to Make Money Online? What a loaded question! Let's narrow that down a bit and take it from the perspective of someone who wants to work from home and make money online in a home business. That will make it an easier question to answer. Using Drop Shipping for E-commerce Thanks to the ubiquity of the internet, online virtual businesses have become very popular business opportunities. Online retail stores are gradually playing a more important role in our lives than the traditional 'brick-and-mortar' retail shops. A Beginners Guide To Setting Up A Successful Online Store A beginner's guide to setting up a successful online store Online selling is by no means a simple task. To sell products online not only requires making use of high end marketing strategies but also involves lots of planning. How to Start a Business on the Internet So you want to start a business? Good for you. Really, I mean that sincerely. Intranet Portals - Personalisation and Customisation The key difference between an (old-fashioned) Intranet and a PortalWhat typifies a modern intranet portal is that there is a standardised user interface ("UI") with a built in system for user authentication. In other words, the user signs in to the portal rather than simply accessing it. Accept Credit Cards Online Without A Merchant Account It is often assumed if you want to accept creditcards on your website that you must have a merchantaccount. This is not the case. How To Start An Internet Business - Content, Content, Content When it comes to e-commerce, the time-tested cliché is, "Content is king." In this case, the cliché is correct. Business Online - Blind Hunt Do you sell something online? Do you have a business in the Internet? Have you read the "How to generate more traffic and convert it to sales" articles? Have you played the "Be #1 in SEO" game?Now, you are ready to believe - nobody knows how to do it absolutely right.Nobody can know everything. Is Your Website Credit Card Friendly? In my last column I discussed the process of credit card enabling your brick-and-mortar business. I pointed out that research has shown that accepting credit cards can help increase revenue and enhance cash flow. Something new in e-commerce: the Echo System Build How four partners build and manage an exclusive art posters web site by emulating the way the echo works.Imagine a top-notch photographer, some demanding visitors and an e-commerce site that wants to make money. Coupons & Rebates Yes, it's true, coupons are not just for newspapers anymore. Not to be a downer, but I personally hate the things. Shop: Is Shopping Online Secure? Is shopping online becoming popular and safe enough for you and I to do the vast majority of our shopping on the Internet?As I contemplated, when I initially set up my website: www.shopshopshop. E-commerce: Is It Right for You? The birth of the Internet and the mass availability of personal Computers in the late 80's changed peoples life forever, Everyone now has had the potential to be their own boss whether you are mother at home looking after your children or a manual laborer there are opportunities in abundance . Just a search on Google for business opportunities will bring up more offers than your parents would have had in their whole life. Rules for Achieving Online Success The Internet brought a great deal of benefits to our life. Access to a lot of free and useful information is, probably, one of the most important out of them. How To Eliminate Credit Card Refunds From Digital Thieves Can you encounter the number of times where a Credit Card Sale was generated, only to receive a "Refund Notification" from your contracted e-commerce processor on behalf the "customer"?Welcome to the electronic world of "cyber-shoplifting".Unscrupulous surfers, disguised as potential "customers", systematically opt to ordering goods (using credit cards) in electronic form of delivery, only to request a refund minutes or days later after receiving the product. |
home | site map |
© 2006 |