| |
| |
|
Ecommerce Information |
|
|
|
Do You Need A Merchant Account?
Deciding when to get your own merchant account for internet sales can be a confusing and expensive venture. If you have a small to medium sized business and only sell a small amount of products then having your own merchant account may not be the answer for you. Some of the costs involved include. Monthly fees. Anywhere between $25-$50 for statements and minimum fees. Per transaction and charges fees. Usually between 2%-3.5 % in fees and .30-.50 per transaction. Gateway fees. $10-$30 per month SSL certificate. Can be as much as $250 Shopping cart fee or software purchase. Monthly can range $20-$70 and software purchase can be as much as $1400. In addition to the cost is the technical aspect of setting up your site to use a shopping cart and real-time processing. Not all gateways, merchant accounts and shopping carts play well together. You must make sure that each can work with each other. Plus be prepared to properly set up your web server to use all this nice technical information the accounts give you. Now, if you are a larger business or do a lot of sales each month perhaps your own merchant account is the answer for you. It can save you money in the long run. But if you are just starting out with an online business, then a third party merchant may be the answer for you. Third party merchants handle all the background details, pay the monthly fees, assume the risks of fraud and charge backs, and handle all the secure shopping your customers will expect when shopping online. While the monthly fees may be a bit higher, there usually isn't a set up charge, gateway fees, SSL charges and shopping cart set up. Depending on the service you choose, they can give you simple HTML code to add to your site or allow you to use "buy buttons" or both. Fees range anywhere from 5% to 13.5%. Some companies charge a set up fee and a per transaction fee. Then there is always Paypal. A useful service for new comers to the online payment arena but it has its drawbacks. With Paypal: Your customer must set up an account with them They can FREEZE your account They can set limits on monthly transactions I suggest you explore all your options and decide what is best for you financially and technically. A little research online can save you money and time in the long run. About The Author Jim Hoffman is the co-founder of Inet Goodies. An internet resource group, focusing on SEO, Hosting, Billing solutions and Traffic.
MORE RESOURCES: Apple Valley Approves 2.6 Million Sq. Ft. eCommerce Project Along 15 Freeway, Council Vote Ahead Victor Valley News TikTok to enter Japan e-commerce, Nikkei reports Yahoo Finance Shopify Among Fastest Growing E-Commerce Leaders: Check Out Names Just Added To IBD 50, Stock Spotlight List, More Investor's Business Daily Can Walmart catch Amazon in the e-commerce arena? Investing.com Tariffs tilt the scales: US e-commerce sellers poised for margin gains amid trade tensions FreightWaves US Pressures India To Open Its $125 Billion E-commerce Market To Amazon, Walmart: Report Yahoo Finance US seeks India trade deal on e-commerce, crops and data storage, Bloomberg News reports The Economic Times Latest B2B Ecommerce news, research and case studies Digital Commerce 360 TikTok to enter Japan’s ecommerce industry: Nikkei report StartupNews.fyi How will you buy your Heineken in 2030? BeverageDaily.com K-ecommerce: Interview With Partner Channel Manager Rich Fowler About The Web Store Platform Pulse 2.0 US presses India for full e-commerce access to Amazon, Walmart amid trade deal talks: Report Times of India From Model to Menswear Founder Practical Ecommerce H-E-B opens eCommerce fulfillment center in Houston H-E-B Newsroom Ecommerce Trends: 5 shifts happening because of new tariffs and trade rules Digital Commerce 360 Ecommerce earnings recap: What you missed from Movado Digital Commerce 360 Interview: Ecommerce lessons from growing Norsland Lefse Digital Commerce 360 Amazon signals major shifts for B2B ecommerce Digital Commerce 360 New ecommerce rules spur cost-benefit debate in Turkey Arabian Gulf Business Insight | AGBI BigCommerce's New Enterprise Partnership Promises Seamless Site Performance for Major Retailers Stock Titan Best ecommerce hosting of 2025 TechRadar Is WordPress The Right Choice For eCommerce Websites? Search Engine Journal TikTok to debut e-commerce platform in Japan The Express Tribune U.S. pushes India for full ecommerce market access for trade deal - report (AMZN:NASDAQ) Seeking Alpha US Ecommerce Market Shares 2025 eMarketer EU warns shoppers to avoid cheap cosmetics from ecommerce sites Cosmetics Design Europe Tariffs, Temu, and Shein: What Supply Chain Leaders Can Learn from the U.S. / China ECommerce Shakeup Logistics Viewpoints - US ecommerce sales in 2024 more than double those of 2019 Digital Commerce 360 Distribution of the e-commerce market in Latin America and the Caribbean in 2025, by country Statista US ecommerce penetration nearly a quarter of all Q4 retail sales Digital Commerce 360 Lili Partners with eCommerce Platforms to Offer Tailored Banking and Accounting Solutions for Online Businesses CPA Practice Advisor India under tariff pressure to give Amazon and Walmart’s Flipkart full market access Financial Times Bringg’s Dynamic Delivery Slots to Offer Precise E-Commerce Delivery Windows Supply & Demand Chain Executive 79+ Brand New E-Commerce Statistics for 2025 Exploding Topics US to push India for greater ecommerce market access Libyan Express Bringg Dynamic Delivery Slots increases cart conversion and customer loyalty with accurate eCommerce delivery promises Yahoo Finance Kroger goes all in on ecommerce Supermarket News Top 13 Ecommerce Trends (2024 & 2025) Exploding Topics China’s top ecommerce firms retreat from refund-only policy StartupNews.fyi LOT Cargo successfully automates US ACAS pre-load filing with CHAMP’s Traxon global eCommerce caasint.com Ecommerce Stocks To Follow Now - April 22nd MarketBeat 5 Trends Influencing the Future of Ecommerce Entrepreneur New Metapack® Survey: How Consumer Expectations are Reshaping Ecommerce After a Quarter Century of Retail Transformation Business Wire Lighting-centric e-commerce brand debuts Home Accents Today How Pattern PXM’s Content Brief is driving conversion on ecommerce marketplaces using AI Amazon Web Services As US slams door, can the rest of the world offer Chinese ecommerce a lifeline? | Opinions Campaign Asia Insights into the Mexican E-Commerce Competition Landscape CSIS | Center for Strategic and International Studies The 8 best ecommerce platforms of 2025 TechRadar TikTok Is Taking Power Away From a Top US Shopping Exec Business Insider Walmart online sales rise in Q4, account for 18% of total sales Digital Commerce 360 Trade bodies decry ‘unregulated’ and ‘unethical’ practices of ecommerce and quick commerce companies The Economic Times Expocacer launches e-commerce platform Tea & Coffee Trade Journal |
|
|
|
RELATED ARTICLES
Start doing online business using B2B Portals in Six Steps I registered with a B2B site but what's next?This is a question many first time users of B2B marketplaces ask themselves. A few expect that the registration itself will bring them a number of new customers. Intranet Project - RAD or Waterfall? Building BridgesI have often used the analogy of building a bridge to explain to business colleagues the difference between Rapid Application Development (RAD) and Waterfall.Let's say that we are in the middle ages and the Mayor of Kingston-upon-Thames is evaluating whether or not to build a bridge over the river to the north side, to replace the current ferry. Intranet Portals - Collaboration through Team Rooms Knowledge Management for beginnersKnowledge Management (KM) can be defined simply as the process through which organizations generate value from their intellectual and knowledge-based assets. Knowledge assets are often grouped into two categories:(1) Explicit KnowledgeGenerally, everything and anything that can be documented, archived and codified. How Measuring Key Performance Indicators Can Improve E-Commerce Strategy - Part Three The first article of this series discussed page views per session as a kind of early warning system key performance indicator (KPI) for your website. The second discussed time on site as another warning flag. The Secret Science Of Online Shopping In theory you could create a retail web site with a limitless selection; an online store where every kind of merchandise known to man could be sold. Would people be interested in buying from such a huge enterprise?Why do people buy online?Location: You can shop online from almost anywhere as long as you have access to a power supply and a telephone connection. Make That 3 Billion My previous article I wrote called "One Point Two Billion" attracted quite some attention, the downloads through all the article syndication services has been astronomicalcompared to any other articles I wrote which are still withthem.It seems the numbers game is popular not only with theaccountancy profession, but with just about anyone runninga website who is interested in more sales from anywhere in the world. Direct Marketing isn't all Brute Force There are so many metrics surrounding direct marketing. So many facts, figures, test results and other sundry measurements. The Five Steps of E-Commerce You set up a retail business, you advertise in your local newspaper, you get customers coming into your store, and you receive payment at the cash register. Create an online store, and. Intranet Project Names - Some Ideas "What's in a name? That which we call a rose By any other word would smell as sweet."In this famous quote from Act II of Romeo and Juliet, Juliet tells Romeo that a name is an artificial and meaningless convention, and the fact he is a Montague and she a Capulet (warring families) means nothing to their love. Shopping Online: What You Should Know For some people, shopping online is as normal as driving a car. It's become part of the norm. The Internet and Customer Care: Aid or Anarchy? It was reported in 'Marketing' magazine this month, that Britain is becoming a "disaffected nation", with each adult apparently making an average of 12 complaints to service providers each year, based on a "Service in Britain" survey by ASR (Andrew Smith Research). In response to the rise of the 'assertive consumer', brands are endeavouring to make sure 'good customer service' is a recognisable characteristic in the form of testimonials, efficient call centre responses and empowering staff throughout the company to resolve problems. The Lowdown On ECommerce: Making All The Pieces Fit Together The Lowdown on EcommerceEcommerce is truly the most confusing aspect of purchasing web design services. This is unfortunate since most (if not all) businesses online would like to provide their customers and potential customers with easy access their products or services. Selling Online for Newbies If you are interested in selling online, it is quite easy to get started. First of all you must have a product or service to sell. Starting An E-Commerce Business The development and expansion of the Internet has made business opportunities, once only available to the wealthy, available to nearly everyone. In the past, opening a business was a huge commitment in terms of finances and risk. Alternative E-Commerce Solutions Over the past several years, the Internet has emerged as a breakthrough technology that has and will continue to transform the way we live and communicate, and especially the way we do business.No matter if you are selling a product or a service, the Internet is a means of reaching markets that had otherwise been unreachable in the past. How E-commerce Web Site Design Differs From Normal Web Design When it comes to e-commerce everything is a little bit different, even the web site design for an e-commerce site as compared to a normal web design. If you are interested in developing an e-commerce site, then it is important to learn about the differences between the two types of website designs and how you can design the best e-commerce website with your resources. Cost Effective Ecommerce Solutions Ecommerce use to be about spending thousands of dollars on setting up your shop and hundreds of dollars on getting a merchant. My, how things have changed over the years. How Measuring Key Performance Indicators Can Improve E-Commerce Strategy - Part One The problem with most e-commerce marketing strategy today is that companies don't understand how they use things like web analytics. Most e-commerce directors or web marketers are given a budget and told to stick to it, and good analytics don't usually come cheap. The Essential Christmas Web-store Makeover Ten great tips to turn online holiday shoppers into eagerbuyers - and satisfied customers.When meeting potential clients, you wouldn't dream ofshowing up late in a mismatched outfit, hair disheveled,with food on your tie and no business card, would you? Andif they asked for testimonials or explanations about yourcompany policies you'd hardly say, "Sorry, I don't give outthat information. 10 Tips To Build, Manage And Profit From An E-Commerce Website Just because you've built your e-commerce website doesn't mean the customers will begin to come. You need to bring in the visitors, showcase your products, convince them to buy, and bring them back yet again to make any significant gains.
|
| home | site map |
| © 2006 |