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Setting Up a Payment Gateway

June 21, 2011 | Author: | Posted in Ecommerce

A crucial point when you are starting an Internet home based business is the setting of payment gateway.
This step will enable you to receive money from your customers, no matter from which place of the world the are buying from.
The first thing you will need to do is setting a merchant account.
The difference with the personnal account reside in the fees, and also in the amount that you will be able to receive from your customers.
In other words, you will be able to sell more expansive products, and you will get a better status and relation with your payment processor.
The customer also will see you as a serious vendor, and that will definitivly incease your credibiity.

Let’ s get started now.
The first option is paypal, which is a free account, and is also one of the biggest”personnal payment” sites online today.It is a secure and worldwide recognised payment processor.
Actually, it is a part of ebay, and we do not need to present them..
Open an account with them just take 5 minutes, you just need to go to their website and follow their easy instructions. You have several option to accept payment by paypal.

The first one is that you tell the cuso to paypal website, then register. You give your email (the one that you use with paypal), and he send you a payment with your email only, you do not need to give your own bank account infos, or any private information. You give your email and you receive your payment.
The customer can pay by credit card or debit card.
Paypal allow you to copy and paste a code in the order webpage of your site; when you paste this code, a form will appear on your site, with a button, and your customer, when visiting your site just have to click on that button to pay you.
You have to do absolutely nothing, except receive a payment.
And a email will notify that you received a new payment( you will have the option of sending a refund ).
This is for the free payment gateway.

Robert Sonnigan writes about payment gateway and is an expert for credit card processing web sites.

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