According to New York Times bestselling author, Peggy McColl, there are many hidden costs of selling online. She states that some people don't take inventory of all the costs attached to selling products online that they end up going belly-up because they weren't aware of the costs associated with setting up shop online.
How you accept payments online can mean the difference between affordability and excessive expense.
But luckily, there are many ways to start accepting payments online that won't cost you an arm and a leg. She recommends that if you're a novice, a good way to start accepting payments online is to accept payments through a third-party payment processor. AlertPay offers some really great tools, like email invoicing and a mass payment feature, and it's easy to start selling online with us. By adopting a third-party payment processor as your online payment solution, you will already save a lot of money since you only pay fees on each payment you receive and will never have to pay membership, monthly or maintenance fees.
When you're more established, you can become an authorized merchant through your bank. Rather than pay a per-transaction fee as you will with third-party payment processors, you pay a yearly or monthly fee, but you will have to take care of all the fraud prevention measures and risk on your own.
This is a feasible option for sellers in mainstream industries but is not always a possibility for some more "high risk" industries. In that case, a third party payment processor absorbs the risk to provide a viable payment solution for merchants in not-so mainstream industries.
So, if you're looking for an affordable way to start accepting online payments for your products or services, try using a third-party payment processor like AlertPay.
Further reading
- Hidden costs behind selling products online (Peggy McColl)
0 comments:
New comments are not allowed.