Every day, a growing number of people venture into the world of online commerce, or ecommerce, in order to sell their goods and services online. When merchants first venture into the online realm, they can get in over their heads by using solutions that are too costly, too complex, or just have way too many features than what the merchants truly need.
The good news is that there are solutions that allow the first time online ecommerce merchant the opportunity to sell their products and services with much less committment and cost on the part of the merchant. Solutions such as Paypal or Square offer the first time ecommerce merchant the opportunity to go into the online realm and get their feet wet without drowning. One must follow the standard safety precautions associated with solutions such as Paypal and they can be on their way to earning an online income.
The next section will go over what you the merchant, will need to consider if you think a payment processing system like Paypal or Square will be work for you or not.
1. Low monthly business volume on your ecommerce website
If you don’t have a lot of sales on your ecommerce site, and especially if they are low ticket items, then you may want to consider using a pay-as-you go type of merchant account system such as Paypal. Usually these types of payment processing solutions have a higher percentage rate that they charge the merchant. Sometimes it can be as high as 15% of the price of the item being sold by the online merchant.
Typical merchant accounts usually have a monthly charge associated with the account, whether you sell anything online or not. They also have […]
