Starting an Online Business
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Starting an Online Business

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Starting an Online Business 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. 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. 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).  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.

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Published 30 August 2013
Reads 15
Language English

Starting an Online Business 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.
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.
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).
 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."
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.
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.
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.
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.
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.