As a merchant business, once you?ve decided to go online, there?s no getting around the options available to you ? the internet is where everything happens. For a fact, you know that people will patronise you over the internet. And in a similar vein, pay you through the web too.?? The question now is,?how do you intend to accept payments for the services or goods you?re offering online? Will you be accepting wire transfers,?card-not-present transactions, or will you be taking payments directly into your local bank account?? Be it as it may, there are various options for you to explore. The only restriction is that they all happen over the internet. To help you decide on how you?ll be accepting payments from customers online, check out the list of payment options we?ve compiled in this guide.?Credit and debit card options?
Click-to-pay email invoicing?
What about payment through an email? Don’t you think that would seem more professional? Of course, it will! Send your buyers a payment invoice by email and let them complete their purchase within a matter of seconds by?simply making a few clicks from their email to your website payment form.?Accept?eChecks?
Payment through?a?payment gateway?
Alternatively, you can accept payments directly on your store or site by simply adding a payment interface where interested buyers can pay through. With this payment form, prospective buyers can pay using their credit cards, debit cards, prepaid cards, or?eChecks. All they have to do is enter the details of whatever card or check they?re paying with.?? To facilitate this payment option, however, you will require the service of a payment processor ? a company that specializes in routing payments from the bank of the buyer through the card support service (e.g., MasterCard) to your merchant account. But you need not stress yourself scouring the internet for a company like this.?Remember the high-risk merchant account service provider???iPayTotal.com???we mentioned in tip #1 above? Well, they also offer payment?gateway processing services. So if you’re looking for a merchant account service, as well as a payment processor, you’re in luck. You can get all done?under one roof, thereby saving yourself additional fees for using multiple service providers.?Schedule recurring billing?
If your merchant runs businesses like mentoring, online coaching, online gym services, and other service-based merchants, wherein clients pay for the service they enjoy on a monthly basis, you might want to consider a recurring billing system as your payment method.? With this system, clients will be billed automatically upon the due date agreed at the time of applying for the service, and any payment taken from the attached account will either be moved directly into the business bank account or other allied payment options.??Sign up to our newsletter to get the latest from Business Advice.
