How to Add Credit Card Payment on Websites or Blogs.
If you look at some e commerce websites like www.konga.com and www.jumia.com very well, they have method by which they accept payment from their customers and this methods are of two ways, it is either you accept the payment through your own Merchant Account and Third party Merchant
2. Impulse the Buyer: when a customer read advertisements and hype on your site, buyers would be all fired up about your product. If they have a means of making a purchase immediately, you've secured that sale. If you only allow cheque payments, the additional time it takes for them to get their cheque book and mail out the cheque may be a deterrence. They may also have second thoughts later.
2. Through Third party Merchant: Their are enourmous companies round the globe that are willing to accept and process credit card on yourbehalf for various fee and percentage and the are also clled payment gateway.
Which Method to Adopt?
The cost of Opening your Own merchant account is much more higher than using the third party merchant account even most of the third party merchant requires no setup, but the transaction fee of that is the money you are going to pay for each sale to the third party merchant is higher when compared to your own merchant account.
A third party merchant is usually convenient to use when you don't know if you can actually make much out of your product or service. If you just want to test and see how things are, this is usually a good way to start. It is also convenient in that the merchant takes care of everything for you. You just get a cheque at the end of each payment period (if you have earned enough) and concentrate on your
products, services and customers.
Another benefit of the payment gateway is that if you use a reputable one, your visitors may be more willing to buy your goods online since they trust that merchant to keep their credit card numbers safe.
While having your own merchant account lowers your transaction costs, you have to be careful to minimize your risks since you'll be processing the credit card payments yourself. By risks, I mean that you will have to deal with things like fraud (where people buy things with a stolen credit card number) and chargebacks (where someone forcibly reverses the payment to get a refund through their bank) yourself. This is not to say that there are no risks attendant on using a third party merchant.
1. Vulsion: They are web host that also provide credit card processing. All its hosting plans not only come with a built-in online store which you can use to sell your products and services, but you can also use them as your payment gateway to process credit and debit cards without signing up with a separate gateway. There are no setup fees, and transactions are charged for web, mail and phone orders at 2.17%.
Some of their packages even allow your customers to order by telephone. Unfortunately, though, you need to be a US citizen to sign up for their payment gateway services. (Non-US citizens can of course still use their web hosting service with its built-in online store if they use some other payment gateway, such as the others listed on this page.)
2. CcNow: They are meant for people who ship tangible and physical products. There is no setup fee, and they charge 9% per transaction and charge low during November and December at the rate 8% per transaction.
3. DigitalRiver: Digital River supports a wide range of credit cards (including the common ones like MasterCard and VISA), currencies and even PayPal. Unfortunately, their website isn't very informative (unless you like advertising tripe), so I can't tell you the rates they charge nor even whether they support physical goods in addition to digital ones. They require you to write to them for more informations.
4. CcBill: It has no setup fees. Transaction fees varies, so their is no specific shedule depending on the volume of sales in each accounting period. According to their website, "these fees are never more than 13.5% of revenues charged during this one-week period for CWIE hosting clients and 14.5% for non-hosting clients".
5 PayPal: This is the most populous service allows you to set up a Premier or Business account (you are subject to certain limits when receiving credit card payments if you use a Personal account, and probably also higher fees per transaction). The charges range between 1.9% + $0.30 USD to 2.9% + $0.30 USD for each transaction if you are in the US. Non-US users are charged different amounts according to the country.
6. RegNow: it is specially made for software authors to sell their wares, this merchant charges a one-time activation fee of $19.95 USD plus a transaction fee of 6.9% plus $1 USD per unit for their commission (minimum $2 USD charge). They also provide you with facilities that allows you to easily set up an affiliate program.
Are you a blogger and do you sell somethings on your blog and you don't know the method you can use to process and accept Credit and Debit Card on your blog?
Some people might have an enteprenuerer skills and thanks to internet that serves as a shop in which they can place their goods and services for sale, Most of this people are faced with the method to adopt in accepting payment from their customers.If you look at some e commerce websites like www.konga.com and www.jumia.com very well, they have method by which they accept payment from their customers and this methods are of two ways, it is either you accept the payment through your own Merchant Account and Third party Merchant
Advantages of Card Payment on Websites or Blog
1. International Customers: Card payment automatically take care of currency differences and induce the time it will take a cheque to travel down from one country to another.
2. Impulse the Buyer: when a customer read advertisements and hype on your site, buyers would be all fired up about your product. If they have a means of making a purchase immediately, you've secured that sale. If you only allow cheque payments, the additional time it takes for them to get their cheque book and mail out the cheque may be a deterrence. They may also have second thoughts later.
Methods of Accepting Credit Card Payment on Websites
1. Through your own Merchant Account: Before you can adopt this method, you will need a bank that will allow you to open a merchant account. Requirements for this varies from one country to another. You will need to contact your local banks to get their details and information entails on this.The cost of Opening your Own merchant account is much more higher than using the third party merchant account even most of the third party merchant requires no setup, but the transaction fee of that is the money you are going to pay for each sale to the third party merchant is higher when compared to your own merchant account.
A third party merchant is usually convenient to use when you don't know if you can actually make much out of your product or service. If you just want to test and see how things are, this is usually a good way to start. It is also convenient in that the merchant takes care of everything for you. You just get a cheque at the end of each payment period (if you have earned enough) and concentrate on your
products, services and customers.
Another benefit of the payment gateway is that if you use a reputable one, your visitors may be more willing to buy your goods online since they trust that merchant to keep their credit card numbers safe.
While having your own merchant account lowers your transaction costs, you have to be careful to minimize your risks since you'll be processing the credit card payments yourself. By risks, I mean that you will have to deal with things like fraud (where people buy things with a stolen credit card number) and chargebacks (where someone forcibly reverses the payment to get a refund through their bank) yourself. This is not to say that there are no risks attendant on using a third party merchant.
Lists of some Third party Merchants / Payment Gateway
Below are the lists of some trustable gateways that you may consider to accept and process Credit card on your websites.1. Vulsion: They are web host that also provide credit card processing. All its hosting plans not only come with a built-in online store which you can use to sell your products and services, but you can also use them as your payment gateway to process credit and debit cards without signing up with a separate gateway. There are no setup fees, and transactions are charged for web, mail and phone orders at 2.17%.
Some of their packages even allow your customers to order by telephone. Unfortunately, though, you need to be a US citizen to sign up for their payment gateway services. (Non-US citizens can of course still use their web hosting service with its built-in online store if they use some other payment gateway, such as the others listed on this page.)
2. CcNow: They are meant for people who ship tangible and physical products. There is no setup fee, and they charge 9% per transaction and charge low during November and December at the rate 8% per transaction.
3. DigitalRiver: Digital River supports a wide range of credit cards (including the common ones like MasterCard and VISA), currencies and even PayPal. Unfortunately, their website isn't very informative (unless you like advertising tripe), so I can't tell you the rates they charge nor even whether they support physical goods in addition to digital ones. They require you to write to them for more informations.
4. CcBill: It has no setup fees. Transaction fees varies, so their is no specific shedule depending on the volume of sales in each accounting period. According to their website, "these fees are never more than 13.5% of revenues charged during this one-week period for CWIE hosting clients and 14.5% for non-hosting clients".
5 PayPal: This is the most populous service allows you to set up a Premier or Business account (you are subject to certain limits when receiving credit card payments if you use a Personal account, and probably also higher fees per transaction). The charges range between 1.9% + $0.30 USD to 2.9% + $0.30 USD for each transaction if you are in the US. Non-US users are charged different amounts according to the country.
6. RegNow: it is specially made for software authors to sell their wares, this merchant charges a one-time activation fee of $19.95 USD plus a transaction fee of 6.9% plus $1 USD per unit for their commission (minimum $2 USD charge). They also provide you with facilities that allows you to easily set up an affiliate program.
7. Kagi: Kagi's fees seem to vary according to the order size, type of item sold and the type of payment (credit card, cash, money order) used by your customer.
if you use Volusion, the built-in website builder provided allows you to set up a store on your site directly. Other gateways have different methods.
Well, thanks for reading this great post on how you can process and accept credit card on your websites or blog. It is high time for you to try out one of the aforementioned steps. Do visit us for more on post like this. Best of luck in all your endeavour
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How to put Order Form or Shopping Cart on Your Website
Once you signed up for any of the above gateway method, you will be able to put your customized order form or shopping cart on your site. Each vendor has a different method for this, but most, if not all, will provide you with premade forms that you can customize for your product or service.if you use Volusion, the built-in website builder provided allows you to set up a store on your site directly. Other gateways have different methods.
Well, thanks for reading this great post on how you can process and accept credit card on your websites or blog. It is high time for you to try out one of the aforementioned steps. Do visit us for more on post like this. Best of luck in all your endeavour
Be the first person to Read Our Updates by Liking Our fan page on Facebook or join our Facebook page and follow us on Twitter.
Promote this blog using the sharing button below and invite others to benefit from this post
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