Thursday, December 20, 2007

Online Payment Alternatives for Your Website

There are millions of individuals and entrepreneurs who use an online form of payment to either receive or give out money. Several of these people think that you have to have a pricey merchant account in order to take payments through your website, or hire an expensive Columbus Web Design company to implement the system for you. Merchant accounts are also hard to get in the first place and the monthly fees can really stack up if you process a number of transactions through your website. So the real question comes, what online payment alternatives can one consider if you don´t want to get a merchant account and you don´t want to pay crazy fees to do business through your website? The solution is simple because there are several online payment alternatives you can integrate into your web design.

The most popular method of online payment is PayPal. PayPal is trusted by almost everybody because it is a very reliable payment center. An account is easy to set up and the fees are really low. Basically for most people, a transaction costs about .30 cents to do. It is recommended that you have more then one form of online payment on your website however, because you never know when the unexpected could happen. In a case where your account gets frozen, or you simply lose your PayPal account, or there is a problem with your website, and you can't get a hold of your web designer, it is a good idea to have other payment options so you are not stuck with not taking in any income. Here are some other online payment alternatives.

The first online payment alternative to consider with your web designer is BidPay. This only works for those website owners that buy and sell at online auctions though. People use their credit or debit cards and money is automatically deposited into your account via a Western Union Money Order.

The next online payment alternative is CCNow. This is known as a shopping cart solution that your web designer can integrate into your website, which enables one to take all major credit cards without the use of a merchant account. You receive your payments twice a month from this payment place and it actually earns a 1.5 %APR while it sits in your account. It´s somewhat like a real bank.

Another option to discuss with your web design company is DigiBuy, which is good for those who sell software. You get paid your money twice a month into your account and you are charged a 13.9 % transaction fee or a three dollar minimum. You can use credit cards though. A really good alternative is Ikobo, which charges a 2.99 merchant fee on top of a .29 cent transaction fee. This place is cool though because you can do business with about 170 countries. There is a brief description of a few online payment alternatives for you to consider for your custom web design project.

Other online payment alternatives include 2Checkout, ShareIt, ProPay, Ibill, and Money Bookers. Regardless of what payment option you choose, it is well recommended that you have more than one account. You do not have to have a merchant account to take credit cards or anything like that. It is always better to have a constant flow of money when something unforeseen happens to one of you accounts or your website, and you can't get in touch with your Columbus Web Designer.