The Checkout Process for online stores
The checkout process refers to the steps a customer must go through to purchase goods from your website shopping cart. A typical checkout process may involve a customer: 1. Adding a product to their shopping cart; 2. Opening an account [...]
Payment Processing Fees for Online Stores
Whilst third party payment processors like PayPal have a simple fee structure, a Merchant Accounts/Payment Gateway combination is a little messier. Here’s a breakdown of each the fees and what they mean: 1. Merchant Account Fees Application/Setup fee: Banking institutions [...]
Final Thoughts on Credit Card Fraud on Online Stores
The media has had a field day by scaring people into believing they’re about to become the victim of ‘cyber-crime’. Whilst it’s not exactly a fair and balanced view… unfortunately fear and controversy is what sells papers. From a consumer [...]
Shopping Carts – Overview of 3 Popular Payment Processors
PayPal Type: Payment Processor Founded in 1998, PayPal (owned by eBay) is the world largest consumer payment service. Overview Over 64 million account members worldwide; Available in 45 countries around the world; Used extensively by buyers and sellers on eBay; [...]
Shopping Cart Software – Benefits of Accepting Credit Cards
1. Familiar and Convenient Other digital payment systems have come and gone, but credit cards remain the most preferred payment source for online shoppers. 2. Improves Cash-flow Accepting credit cards is also great for cash-flow. By accepting credit card payments, [...]
Processing Credit Card Transactions
There are two types of credit card processing methods; real time and manual. a) Real Time Transactions A ‘real time’ transaction is one which is processed immediately. Here’s how it works: When a customer makes a purchase, your website communicates with [...]
Shopping Cart – Accepting Payments Online
If you’re going to be selling online – accepting credit cards is an absolute must. In recent years credit cards have become more popular online as households have turned to the Internet to pay their bills, do theirn banking and [...]