What You Need to Know Before Accepting Payment by Credit Card
If your small, or large, business is ready to take your sales to the next level, you must consider accepting credit cards for online purchasing directly on your site. Not only does online credit card processing rein in online shoppers and impulse buyers, it can significantly increase your sales and bottom line. Recent surveys show up to 85% of Internet users have shopped online recently. However, there are some basics that you should know about before you begin accepting credit cards on your site. The more you know, the easier and less intimidating the process can be.
Don’t Let the Fees Surprise You
Before you jump in to accepting credit cards, you must be aware of the fees that are associated with this service. Depending on which credit cards you will choose to accept, you are looking at a few different fees throughout the transaction process. Let’s begin with talking about start up costs. Before you can start accepting credit cards, you do need to apply with the credit card(s) that you want to accept on your site. Application fees can run up to $100 per credit card, but be aware that sometimes these fees are negotiable. Consider saving yourself a few bucks by seeing if you can talk the cost down with the credit card representative you are working with.
Once you are approved to take certain credit cards on your site, you aren’t done with the fees quite yet. You will be responsible for paying acceptance and transaction fees for each purchase that is made on your site, as well as any end of the month fees for which the credit card company bills you. When applying with credit card companies, be sure that you are aware of these fees up front so that you are not taken by surprise a few months into your online venture.
DIY vs. Payment Gateway
While you certainly can set up your own credit card payment system on your website, it might be less costly, and a lot less stressful, to partner with a payment gateway like Allied Wallet. Payment gateway companies are made to take the stress out of accepting credit cards on your website and let you take care of what you do best: making your product or perfecting your services.
At Allied Wallet, we can have you up and running with online credit card transactions in as little as twelve hours. We are experts in payment security, and are PCI Compliant; your customers will feel confident ordering from your site. Further, we are available for you and your customers 24 hours a day, 7 days a week. Our customer service representatives are trained to help you out with small questions or big emergencies. We are here to walk you through the process. Finally, we are equipped and experienced to handle global situations. With an online presence, you will find that your business can quickly spread throughout the globe. You will need a resource to handle any global payment issues, and Allied Wallet is just what you need.
Save yourself the stress, tedious time, and additional fees of trying to set up your own online credit card processing system. Partner with Allied Wallet and start selling your product confidently in twelve hours. Let’s work together to increase your business.