Starting an online business


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You're thinking about starting an online business? How do you plan to collect payments from your new local, national and, yes, worldwide customers?

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Starting an online business

  1. 1. Starting an Online Business
  2. 2. You're thinking about starting an online business? How do you plan to collect payments from your new local, national and, yes, worldwide customers? Accepting credit cards should be on top of your online business list.
  3. 3. Benefits of Accepting Credit Cards for Those Starting an Online Business There are numerous reasons for starting an online business with the ability to accept credit cards. The number one reason is increased sales. Online shoppers have many options to purchasing products and services. Make sure you make it easy for your customers don't go to your competitors because of difficulty to pay for your products or services.
  4. 4. Wikipedia states the following benefits for starting an online business accepting credit cards:  "a credit card transaction is often more secure than other forms of payment because the issuing bank commits to pay the merchant the moment the transaction is authorized, regardless of whether the consumer defaults on the credit card payment (except for legitimate disputes, which are discussed below, and can result in charges back to the merchant).
  5. 5.  In most cases, cards are even more secure than cash, because they discourage theft by the merchant's employees. Credit cards reduce the back office expense of processing checks/cash and transporting them to the bank."
  6. 6. Accepting Credit Cards Encourages Buying Customers are more likely to purchase when they can complete payment transactions quickly and without frustration. Waiting to mail a check then increased time to receiving a product or start receiving a service will not help your business launch smoothly. Help your customers pay you quickly and easily... and they'll be more apt to purchase.
  7. 7. Impulse buying is, also, increased when credit cards are accepted by an online business. Research studies have shown continually that buyers are most like to spend more and more often when credit card is an accepted form of payment online. starting an online business and accepting credit cards is a must.
  8. 8. Credit Card Acceptance Gives Customers Flexibility Having the option to charge the payment for your products or services gives your customers flexibility. They're in charge and empowered - much better than frustrated by lack of options. There are people who prefer to buy now and pay later for various reasons. Other people prefer to manage their money through credit cards statements. Online they can manage the security of their finances.
  9. 9. Customers Spend More With Credit Cards Your new customers want your services or products. If you're products or services are considered a 'big ticket' price point, accepting credit cards will be your saving grace of allowing people to buy today and pay off slowly over time. They can purchase without affecting their immediate cash flow.
  10. 10. Increase Your Own Business Cash Flow If you use the right method of accepting credit cards, you can receive the payment in your business bank account as soon as 24-hours. Using PayPal, Google Wallet or other that merchant account services can take four days or more for full access after you log in and complete the process to deposit the funds into your account.
  11. 11. Check payments can take two to four days to reach you (that's if the person actually writes the check and gets it in the mailbox quickly) and then more time before the bank releases full funds for you to use. The faster you have the funds - the sooner you can use them.
  12. 12. Accepting Credit Cards Makes Your Life Easier With credit card payments, you do not have to run to the bank to make deposits. These days you can quickly deposit checks with some banks via a phone app. Not all banks offer the phone app yet and even the five minutes per check to take the photo is time consuming. Credit card processing is accepted, processed and then deposited directly into your account while you focus on your business.
  13. 13. Your Starting an Online Business - Reach a Broader Audience The Internet is not called "the world wide web" for no reason. Your online business is open for customers from all around the world to see your products and services. Global payment acceptance starts with credit cards. Credit card companies implement security processes to help prevent fraud and you accept currencies other than your own.
  14. 14. Start an Online Business Accepting Credit Card Payments - Grow Your Business Start Business with FDIS, an internet payment processor, and Start With a Partner 40+ Years in Business! 