E-Commerce : Accepting Payments On Your Site With Paypal

More and more people are buying online and thus there are many out there that have ambitions of starting an online business.

Besides all the usual aspects of a website e.g – Domain name,Design,Updates, an e-commerce site would also need a payment gateway,and noy just any payment gateway,as more and more people are beginning to pay careful attention to a payment gateway before submitting their sensitive credit/debit card info.

So, what can a small and medium business do?. We all know it costs money to make money. Yet after you tally up the cost of an application fee for a merchant account at your bank (which allows you to process credit card charges), monthly fees for the online gateway to the transaction clearinghouse that authorizes each charge, the monthly statement fee, and the bank’s percentage commission and transaction charge on each sale, can a small business still earn a decent profit online?

In comes Paypal.

With Paypal you can accept all major credit cards, debit cards, bank transfers, and PayPal payments securely, and hassle-free.There are no setup, gateway, or monthly fees. You pay 30 cents per transaction and a commission of 2.9 percent or less, depending on your monthly sales volume.

Richard Morochove over at PCWorld.com has written an article on this,you can view the article HERE