Whether you sell items on Ebay or planing to build your own on line store sooner or later you will come accross issue of accepting payments. While many web hosting companies these days offer great e-commerce solutions and features with their hosting plans, these solutions and features are not always free. So it makes even more difficult for those who have limited starting budget.
PayPall offers veriety of solutions for online stores. And now your cutomers don’t even need a PayPal account in order to pay you for you products or services. They can use veriety of credit cards or even their checking accounts.
Whenever some one shops at your wbesite their trasaction will be safe and secure via PayPal.
How much does it cost?
It all depends on the solution you choose. Generally fees are calculated on per transaction basis. All but one plan uses following formula to calculate your fees for each transaction: 1.9%-2.9% + $0.30 USD. Presume some one purchases a $100 worth of products/services on your web site. Let’s use 2.9% to calculate your fees: $100×2.9%+$.30=$3.20. Above exapmle is an easy solution if your sotore sells less than $1000.00 worth of products or services a motnh.
For a larger accounts PayPal has much better solution called Payflow Gateway. With this option there is one time set up fee of no more than $249.00 and monthly fee no more than $59.95, you will be charged only $0.10 per transaction.
If you still think these prices are steep, think about your cutomers. Whenever I shop on the internet I generally look for the third party certification such as Better Business Bureau, SSLs, Trust-e. The combination of these usually tells me that a merchant has invested intresed to rpotect my privacy and most importatnt to protect me against fraud. To ge these certificates can be expensive and time consuming, and for your benefit and benefit of your clients I encourage you to go ahead and apply for these certificate. Specially if your business handles private information about your clients.
Now if you go to PayPall home page you can see following certificates prominently displayed:
(the above images are only ment for this article and are not prove of VJ Online Advertising Solutions’ membership or certification)
To me it says I can trust PayPal. If you customers turst PayPal the are most likely to turst you as well knowing that their payments will be handled by PayPal.
For more information about PayPal Merchant Solutions go to: PayPal