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Taking Payments Online
When selling goods online you will greatly increase your chances of selling if you provide a way for people to buy something from you immediately. Obviously this means you need a way to accept payments online. Before you get worried there is no need to be talking to your bank or opening a merchant account, you can set up a free account with paypal which you can use to receive and send payments safely online. We highly recommend this as it is the safest way to transact online whether you are buying or selling. Plus you can use your paypal account to buy and sell your items at Discount Kids Paypal Open a Paypal account free Opening an account with Paypal is free. In order to accept money online you will need a premier account with them. Here's how it works. You open a premier account with paypal and after opening it attach a debit or credit card to your account. This is just to confirm you are a real person and YES it is 100% safe. Paypal are probably the webs biggest online payment company they are owned by Ebay and have MILLIONS of members and a very secure site. You will also need to register your bank account with them so that you can withdraw your funds from your paypal account direct to your bank account, again this is 100% safe. We ourselves have used paypal for many years. Paypal Fees Sending Money There are no fees for buying online using your Paypal Account. Paypal Fees Receiving Money While opening an account with Paypal is free they do charge you for accepting payments on your behalf. The current charges are 3.4% plus 20p per transaction, this is a lot less than a bank would charge you for a merchant account to accept payments online. Paypal is a very useful thing to have as MANY MANY websites accept paypal payments often this can save you the hassle of buying with your credit and debit card you can buy goods on many sites directly from your paypal balance. |
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