VIEWS: 88 PAGES: 97 POSTED ON: 9/27/2011
Entry to 10 Step Systems to Play Top Google Adsense Money!: If you list a few items "here and there" at online auctions, it only takes a few minutes to get your items up for sell. However, if you build an online auction big business with hundreds of items for sale, you'll run out of time and energy fast. That's why automation is so important. Even if you find the wonderful one stop online auction shop where you can sell all your items in one place, automation will still be necessary to keep the business going - and keep your sanity! Here are some great ways to automate your auction tasks. Automate with Auction Software There are software programs that are specially made for auctions. These programs will store all your listings in a database along with titles, descriptions, photos, pricing and shipping details. Some programs have a feature where you can save templates for certain categories. For example, if you sell household products, you might use the same template for all household items. For more details go to www.auction-professional.com .Then, you might use a completely dissimilar template for your wholesale products. Therefore, you can save each template and have them available when you need them. How it Works A great benefit of using auction software is you can list more items in less amount of time. Here's how it works: a) Type in your listings and accompanying details. b) Upload photos or banners for your listings. c) Submit the items to the auction site for listing. It's that simple. Without this software, you will likely have to submit each item by hand through an online form with some screens. This could take several minutes or longer per listing. To get this software, check with your one stop online auction shop first. They might offer the software as a free tool. Use the search engines to search for "auction software" or "auction listing automation." Automate Emails Once items have been sold, you should have some email templates ready to go for "thank you" messages, up-sell messages, etc. Create several "thank you" emails for the types of goods you offer, each being customized for those customers. Also, create several "special offer" emails to send buyers throughout the year. Some one stop online auction shops provide automated email systems for you. It's free and easy to set up a system like this, and the rewards are tremendous! Automate the Shipping Process Keep shipping supplies on-hand at all times. Prepare envelopes, boxes or bags ahead of time with labels, packaging materials, etc. Develop a system that you will use every time you receive an order so you won't get disorganized. For more information logon to www.auction-entrepreneur- kit.com .Take advantage of shipping "tools" supplied by your one stop online auction shop or sum processing company. Some auction sites or payment processors will provide packing slips for every order with the customer's buy details already printed for you. Automate Listing and Ending Times Schedule your items to end around the same time so you can easily deal with them once the auctions end. If you schedule auctions to end on weekends, you can concentrate on shipping the items at the beginning of the week. Those who run auctions weekly usually go through a cycle of listing, ending and shipping about the same times every week. Saving Time and Money Automation will help you save time and money. You can list and deal with more items through automation. Also, you'll have a better chance at getting repeat business by sending regular mailings or e-mails to buyers. The more money you can save the superior bargains your customers will receive. 2 Ways to Make Money on the Internet: After the financial crisis that happen recently leads to bad recession situation, many people are turning into jobless. With today's financial downturn, the people who have been laid off may find it hard to find a new job with the same benefit and income level. If you are one of them, then you need to find a new way to earn your living, and internet is the best place to make money and bringing your financial back to steady level. There are 2 common ways to make money on the internet: selling your own products as merchant or selling other people's products as affiliate. Let takes a brief look into these 2 options: Selling Your Own Products If you have your own products to sell, you may set up your business traditional way such as open a shop to sell your product; or you can choose to sell it online through internet. Selling your product online to make money on the internet has many advantages which include: * Minimum set up cost. The cost to set up a business online can be significantly low if compare to the traditional business set up. * Fast set up. You can get your business up and running with in record time. * No geography limit. Your customers can be from any corner of the world. Although you can set up your online business completely from the scratch, but you have a better option to set up an online store to sell your product: eBay. Selling at eBay is one of the easiest ways to start your own business to make money on internet because it has all the ground work for you to setup your online store with minimum works and cost. The best thing is you can get your business up and running within hours because eBay has everything ready for you: the plug-n-play online store with credit card and other payment processor, you just need to upload your products' information to start selling online. Selling Other's People Products You do not need to have your own product in order to make money on the internet. There is a proven success business model called affiliate marketing which you can choose other people products and sell it as an affiliate. Many of internet marketers who make money on the internet are dong affiliate marketing and earn a luxury income from affiliate commissions. There are affiliate products in any niche market, you just need to identify the niche market that you are interested in and select a few profitable products from your interested niche to be promoted in your affiliate business. Digital products such as eBooks and software are the most common products available in affiliate program. You can also promote affiliate products that pay commission upon lead generation. Lead-based products commonly found in education, insurance, mortgage and other finance related products. Another good ways to make money on the internet is by joining gambling affiliate programs. Gambling niche is the most competitive, yet the most profitable industry, many affiliates are making their fortune with it. Most gambling affiliate programs pay commission based on profit sharing, for example, a new players registered through your affiliate link, and he deposited $100, the gambling merchant will pay 25% to 40% as your commission. Summary With today unstable economy situation, internet is an alternative option to earn your living income and it can be a backup to your normal day job. 2 common ways to make money on the internet are: selling your own product online and selling other people's products as affiliate. Have Ethics Been Lost in Cyber World?: With economic times as they are, many are turning to the internet to find ways to add to their income or replace incomes. The internet offers so much to so many across the globe......or does it? People are bombarded with all sorts of opportunities that leave the viewer wondering which one should they try. So many chances to earn money and make more than one makes currently working.............leaves people open to birds of prey. People need to understand the different types of opportunities available and then decide which ones are they willing to take the risk on. MLM or multi-level marketing can make people money.............some even have great products. The problems that I have come across in MLM is that the companies are not interested in selling to consumers. MLM companies do not need consumers because the distributors who join an MLM company are the consumers. As a distributor, you are marketing to get more distributors under you and for the privilege of having a chance at making big money, you must purchase a specified dollar amount of product every month that is autoshipped to you and directly billed to your credit card. The newest ploy with MLM is the "Pre-Launch" phase. "Get in now, position yourself, join for free".......the problem is once the "Pre-Launch" phase is over be prepared to pay out several hundred dollars for your privileged position. Do Your homework on MLM companies to find out first if the products are worth the cost and save yourself time and energy. Gifting Programs.........seems to be the hottest thing since sliced bread.................I will not get into the legalities here, that is up for grabs........but ask yourself one question.....Why if gifting is legal does your cold hard cash come via Fedex with the actual cash inside a magazine? Why do they not use payment processors or checks? The IRS code is partially used to show how legal gifting is, yet they send the gift in cash via Fedex or some other shipping company. Beware of videos you see.....it is very easy to send yourself some cash via Fedex and make a video of them arriving and opening the envelope for all to see the cash they are receiving. There are all sorts of programs out there claiming they are making hundreds of dollars per day and thousands of dollars per month and you can do the same for a one time fee or a monthly fee......... Beware of the hype and the claims. The ones I love are "do nothing" claims....just pay x amount and they will put people under you. There are legit programs out there, you just have to put a blind eye to the hype and bs out there....and do your homework. Do not let yourself be fooled by promises of unrealistic goals. Yes, there are people out there that are making 6 or 7 figures a year online, but remember they worked very hard by putting their time in to market and learn. They did not start out at the top. Online Marketing takes hard work and it can be done but it is a process that takes time and commitment. Currently, I myself am making money online with a program that has No out of pocket cost without the hype. So yes, you can do the same, just do not let yourself fall into some of the less ethical practices that will only drain your wallet. The Online Home Business Help Available in Forums is Invaluable: There are many different types of forums available online. Some forums specialize in topics such as search engine optimization (SEO) others offer broader assistance to those who have a work at home online business. The reason that the information obtained in forums is so valuable has to be because those supplying the advice have been down the road before and are talking from experience. It is amazing that you can submit your online home business website for a general review and you will receive constructive criticism as well as advice on how to improve your site. You simply need to state in your post what it is you would like feedback on specifically (design, colour scheme, browser compatibility, copy, functionality, etc). SEO specialists will also review your site for free and offer advice to optimize your website for the search engines. The SEO specialists offering advice in the forums also keep themselves up to date with what is going on in the search engines and freely pass on this information. If you have been dropped from the Google search or sandboxed, these guys will advise you how to get out of these situations. Html, web design and programming are other areas where you can ask questions as well as share your resources. This area can save you hours of work if you have an html or design error that you cannot solve yourself. Online home business marketing ideas are another area where you can pick up great tips on what others have tried. With technology advancing so rapidly this is invaluable information, as it saves you spending time on research. Apart from those mentioned above, other interesting topics that you can find in a forum are inter alia, domain names, web hosting, blogs, ebooks, adsense, online auctions, internet marketing, affiliate programs, email marketing, mailing lists and auto-responders, auctions, online payment processors, testimonials and product reviews, pay per click advertising, offline advertising, copywriting and sales letters, networking, joint ventures and co-promotion, market research and network marketing. Some forums have a section totally dedicated to online home business and internet marketing articles, allowing you to submit your own articles for reprint. You may also find a Link Exchange section where members can exchange links with each other. This is very valuable as you can be certain of finding sites that are similar to your own. Forums are an arena where you can build a name for yourself in your particular area of expertise so it really pays to become involved in a forum where you feel comfortable. You can not only build valuable relationships but also back links to your website that will greatly benefit your online home business. The forums also give you the great opportunity to give back and share your experiences and knowledge and offer online home business help to the other forum members. Internet Home Business Building Ideas: We need to keep up to date with what is happening online in order to be aware of important changes that could have an effect our online home business as well as our home business income. Forums are just the place to get that information. By keeping abreast of what is going on in the online world about for example algorithm changes or amendments and changes to programs you are involved with will help you prepare in advance in order to avoid shock and disappointment. We have the great opportunity to keep up-to-date by joining a variety of good active forums that are related to internet marketing, online home business, seo and internet business building ideas and have an experienced, solid and knowledgeable membership. By keeping in touch with one another and keeping up with the current online news, which we will find in these forums, then we will all be aware of any changes that are either happening or are in the pipeline that could affect our internet home business or home business income. It is in the forums that we hear about the latest releases of software, the latest products, strategies or packages and also the very important feedback from the experienced members. This way the newer members will stand a good chance of avoiding any new scams as well as be aware of any really good products or service that are recommended by trusted and well known members. Whilst drawing on all the valuable knowledge and constructively contributing in the forums, the best bit is being able to quietly promote your own site or internet home business in the space at the bottom of every post - your own signature. So be sure to complete your profile when you join a forum and set up your signature with your keywords linked to your url. Check the rules relating to signatures as they do differ from forum to forum. When setting up your profile you will have the option to display the country you are from. This enables members from the same country to easily locate each other to discuss and exchange online business ideas as well as solve problems relative to that country, for example which payment processors can or cannot be used in that country or more importantly how do members in that country receive the income earned from their online home business. Forums provide a win-win situation for all active members so it is advisable to get involved in a variety of forums related to your online activities, contribute and draw from the gold mine of internet home business building ideas whilst at the same time promoting your online home business. Using Master Resale Rights as a Legitimate Web Business: Master resale rights for popular e-books and software is quickly gaining in popularity by many webmasters, even those whose current sites are in completely different categories. Webmasters are rapidly realizing the huge profit potential associated with resale rights is too good to pass up. They find that selling master resale rights eliminates most of the headaches of owning a traditional "brick and mortar" business. Possibly the biggest reason for the surge in popularity is the extremely low cost of running this business. Any business that delivers physical goods understands the costs associated with putting up a storefront, warehousing, and delivery. These costs cut right into your profits, thus making you work harder for your money, and nobody wants to do that. With master resale rights, your storefront is your website. You can set- up and own one for free just by doing a search for "free websites" or "free webspace" on any search engine. All you have to do is buy the domain name, however, most free sites will provide one for you, although it will not be the domain of your choosing. For more details visit to www.leverage-on-resale-rights.com. Also, with the ability to save your product free on your hard drive, and with delivery done within your site or by email, you can see all costs are reduced to practically nothing. Not only does the business owner save a ton of money, he/she also saves valuable time. The process can be set up to be totally automated, thus making master resale rights even more appealing. Using Paypal or Clickbank as your payment processor allows you to direct the customer to the page of your choice upon successful completion of their purchase. You can use a premade "thank you" page or use one of your own that contains the download link and a brief thank you letter. You can then set up an autoresponder to the email of the customer who just made the purchase, and offer some sort of "up sell" to keep them coming back to your site. This will result in future sales, and a bigger paycheck for you. Using an autoresponder is very important, as it completes most of the work for you. A search on any search engine for "free autoresponder" will offer you many different, excellent choices. Another reason for the surge in popularity is all the content is done for you. This makes owning a master resale rights business profitable, hands free, and completely "cookie cutter" simple. Everything from the product, the sales page, even the thank you page is already premade by marketing professionals. For more information logon to www.plr-vodoo.com. Most of these pages have great on page optimization, with good keyword density, are very attractive, and are very effective at pulling sales. As most internet marketers know, the most difficult and time consuming task of creating a successful website is writing an effective sales page. Now, with the work done for you, all you have to do is copy the page from your computer and upload it to your website. Lastly, master resale rights packages allow the business owner the freedom to repackage and create entirely new and different combinations of products. This allows you to create exclusive deals only available on your website. Offering unique packages provides your site the opportunity to maximize sales, as no other site will have the same offer as yours. You can even set the prices to your liking and keep 100% of all earned sales, as opposed to an affiliate program that only pays you 35% or less. With all of the benefits stated above, it is easy to see why master resale rights have created a stir among the webmaster community. With the costs around 1% of traditional businesses, and simplicity of the system, master resale rights recent surge in popularity is just the beginning. As more and more surfers search the internet for information, e-books, and software, you can provide them just what they need, and make a tidy profit in the process. A Review of the Invest With Forex HYIP Program: The Invest With Forex HYIP Program is definitely setup website wise to attract the younger crowds. It has that "look at me" feel as soon as the page finishes loading, but of course, as the analysts, we wonder upfront if it's to take away from information on the site. Then again it could be taking away from anyone realizing that there isn't particular information on various areas. This is what we're here for and why we always like to explain in the beginning that any high yield business is a high risk opportunity and in no way do we actually endorse making money this way. That being said, we still believe in telling you about the Invest With Forex HYIP Program and everything it does, and doesn't have to offer. It will allow you to make a more informed decision of where to invest your money. The Company If we told you we were a strong company, and you should invest your money with us would you? We've reviewed several HYIP companies and it's amazing how many of them don't have company information, but just tell you that they have experts that have been in the industry then want you to give them money. The Invest With Forex HYIP Program is no different and this is when we want to know more, but if you are interested in this company, we'll leave that research up to you. Listen, Invest With Forex HYIP Program company is brand new and started on February 13th, 2008. We visited one of their forums and people were investing money through the forum, which we found to be a little odd, but we kept on going with the information. The person that was asking questions has a temporary ban on them, but besides the point we were trying to find more company information and came up with nothing. Money Programs The Invest With Forex HYIP Program offers four separate opportunities that are listed as Bronze, Silver, Gold, and Diamond. Each one lasts sixty days and has profits that range from 2.5%-4% which we happened to see on the forum that four was the maximum percentage of return. We do like the fact that these are not the quick buck plans, but more of a long term venture, which lowers the risk of losing money. As any other high yield program, they offer a referral program that is three levels starting out at 4% and the deeper into the levels you get it will fall to 2%, but that will be over more total referrals which is a little downline program. With E-bullion and Liberty Reserve as their payment processors, the Invest With Forex HYIP Program may lose some clients without more options. Overall Feedback Instead of us telling you, what would you tell us if the information found was that a company had been open for one month, and there is no concrete information on the company? Whatever it was, that is the answer you need, because high yields are extremely high in risk and with major uncertainty there is a problem that needs to be solved. There are two ways to take care of this and one of them includes contacting the Invest With Forex HYIP Program. Find out if they can give you a link to someone else doing a review on them or maybe anything that explains them a little better then they did themselves. If there isn't an answer or it's not the one you are looking for then move on to the next company. We are talking about your money here, it should be in the safest hands you can find, and we just hope this helps. Work at Home, Earn What You're Worth and Beat the Global Meltdown!: In the last few years, with the roll out of broadband, with the Internet getting faster and faster, and now with the ability to view real-time video over the Internet we really have reached a new era, where our travelling can be done via the World Wide Web. So why do you still have to get up every morning, grab a cup of coffee, make your bleary-eyed way to the car, and then spend the next half an hour sitting on the highway with all the other frustrated commuters pouring into the city to earn their daily bread? Surely more and more people will work at home. It makes sense! There are millions of people, who having set up their online connection could do the same work at home that they used to do in an office? And by staying at home, they save money, reduce their carbon footprint and benefit from lower stress levels by not having to fight their way to work and back. Of course, there is a group of people who are already doing this. They haven't waited for their employer to catch up with the advance in technology. These people are the Home-biz entrepreneurs who are making use of fast Internet connections. They are starting their own online moneymaking businesses by setting up their laptops on their kitchen tables! There is an uncertainty in the business world. Banks are crashing and shares are down. There may be no better time to take hold of your own destiny. Many business gurus would agree that nobody ever got rich working for somebody else. So now would be an ideal time to sit down at your kitchen table and fire up your laptop. You need a product to sell, a catchy domain name, a website and an online payment processor. You need persistence, effort, investment and a positive attitude. So what are you waiting for? There has never been a better time to stay home and get rich! Top Ten Tips For Computer Security: Have you ever wondered why there is a huge increase in online fraud? Well the main reason its happening, is that most computer users are not protecting themselves properly. When you follow the top 10 tips for online and offline protection, you will discover were your computer system weaknesses are. 1. It is a proven fact that 75% of American PC users do not use an up to date anti-virus program, this is a program that scans the PC searching for any malicious software, when it discovers them they can either quarantine them or delete them. Some AV programs even scan sites you visit and detect any phishing sites. 2. Phishing sites are websites that have been created to look similar to a bank or payment processor such as PayPal. We have all received the emails from our bank stating our account is empty and to log in immediately, the hyperlink in the email you click on looks real, however the site you are taken to is fraudulent, they are after stealing your money! Always make sure your banks website has a padlock image on the toolbar, this shows that it is a secure site for logging in. If you have any doubts contact your bank immediately. 3. We all need a firewall to hide behind. This is a piece of software that prevents anyone hacking into our computers, either at home or at work. Once the software is set up it runs in the background. It basically blocks the ports on our computers that hackers use to gain access through the back door. Like the AV, there are plenty of free firewalls. 4. Is your computer operating system up to date? When did you last update it? Most people will answer, never. The main reason software manufacturers such as Microsoft provide updates, is to plug any security vulnerabilities in the software, this is why when they issue an update, its wise to update your system. 5. Check any public computers you use, as there are products out there called key loggers, this is an electronic device that logs all keystrokes and can be downloaded. So if you use the library for your online bank or eBay, make sure the keyboard lead connects directly into the computer, if it connects to an extra piece of cable, it could be a key logger. The person who put it there only has to download the information and they have all your details and access to your money! Always log out and do not save any passwords on a public computer - Ever! 6. Check public WiFi connections are public! Make sure it is not just another computer acting as a gateway, so you pass your details to them such a credit card and address, then they grant you access to the internet. While you are sending emails, they are using your credit card details to purchase products online! 7. Do not share games, as this is how some viruses were transferred from computer to computer. Always run your anti virus software to scan the disc first. 8. Do not let anyone one use a flash drive on your computer, as soon as someone plugs a flash drive into a computer a virus could be transferring to your computer, this may or may not be done on purpose, but the problem is still there, it will take information from your computer and can even email it from your computer, at a later date! 9. Physical protection at home and at work, this is essential for preventing your computer and the data stored on it falling into the wrong hands. The PC enclosure is a special steel box, that has been designed for protecting computers, so heating and security issues has been addresses, these units are fully welded and normally bolted to walls, (this is how banks protect their computers). 10. Physical protection on the move is essential for laptops, so Kingston Security offers the best option, this is a high grade steel cable that locks into the laptop and ties around a leg of a table, this prevents your personal information being stolen along with the laptop, in a smash and grab robbery. Follow these simple steps and your online and offline security will be safe. Online Business…: You've probably seen many, many "become-a-millionaire-in-six-months" schemes on the internet. I certainly have, and I have been tempted to try a few. Thanks to my better judgment, I have not succumbed to them, but they are tempting, aren't they? Don't fall for the "Become a millionaire in 6 months with no effort" line. It is going to take some time for anyone to make a lot of money on the internet, and it will take a lot of effort. But it can be done and very profitably, too. One of the ways to make a LOT of money is to sell a product that everyone wants, and that you own. So how do you go about it? Here is an outline of a way that I have found to be well worth the time and effort. First, how do you find a product that gives you USP (Unique Selling Point), that is, one which separates you from the competition, and gives you an edge. You start by brainstorming some ideas with friends and family, then researching them on-line. You make a list of subjects you are passionate about and subjects you have some expertise in. Find out the ones that are profitable by seeing what the competition are up to. What are their weak points. Find an angle or some process steps that are not covered well, and there is your starting point. Outline your plan for creating the solution to people's problems which your product will answer. Your plan should contain the form of the product, and the means of marketing and delivering it. Then, create the product content in light of the form it will take, that is, E-book, audio or video. The third part to consider is the packaging of the product. You will need graphics, a payment processor, a well written sales page, a download page for internet products, and some ideas for backend sales. Lastly, how are you going to market the product? Here you have a choice of methods, or if you are ambitious, use as many of them as your budget will allow. Find an angle or some process steps that are not covered well, and there is your starting point. You could set up an affiliate program, and have others sell it with you; you could write and submit articles and press releases to spread the word; and/or you could use Google Adwords. As you can see, it is a lot of work, and if you are new, a considerable amount of trial and error - but it can be very fruitful, as I can attest, and it can bring a huge amount of satisfaction to you, as well as the income you are seeking. Receive and transfer money online securely With an e-currency payment processor: Presently, Internet is not only the great base that stores huge data on any provided subject, but is also contains websites that are used as online e-currency payment processor. These websites are used largely to earn and receive payments online hence it needs to be extremely protected and maintain the privacy of the person on Internet Banking. The perfect method to carry out money transactions is by sensibly using these online e-currency payment computers that are protected and harmless online money transfer service. While using this online e-currency payment processor a person can attain numerous advantages like: 1. The person can use this service to carry out monetary relocations amongst the employees. 2. You are able to receive payments in various company projects in Internet. 3. You can make regular payments in Internet. 4. You can earn a good sum of interest on the money that is preserved carefully in electronic accounts. 5. You can earn payments on the products that are bought from online stores or Internet shops. 6. You are even able to purchase Gold, US Dollars or EUR currency online. You are quite satisfied with these amazing services offered by online e-currency payment processors. The online payment processors posses perfect system to maintain 100% security to its customers. It offers tools for highest security which includes sms proof of its client, verification of correspondence of changing customer's IP address, the system also has private user IP installed in it, cryptocard. With the maximum security there is no point of getting cynical except the client himself does not disclose his confidentiality to anyone to enter his account or he does not use the tolls offered by the system to secure his online account. An online e-currency payment processor is a monetary company that helps to transfermoney amid the retailer and the consumer. It is the most protected method to give or receive money online and it processes the credit card transactions and after the transfer of money, it permits you to acknowledge these transactions in limited time. While using online e-currency payment processor for monetary transactions one needs to bear in mind certain things. Always consider that the payment processor you choose should charge you minimum chargeback fee if you are in a business with high jeopardy. Next thing is that the online payment processor you choose should allow payments from all the nations, for example, if the online payment processor gets payments only from US customers, you won't be able to make business from other countries. Along with the high security that an online e-currency payment processor offers, be convinced you get excellent client support as well as immediate coverage. They should be always there to answer your problems and clarify your doubts and report you instantly if there are any problems regarding money transactions. Security is utmost important as any fraud may end up costing you a loss of around thousands of dollars! Thus, keeping all the mentioned facts in mind, it is very necessary to choose an online e-currency payment processor that offers you a large number of advantages at the same time keeping your money protected and safe. What is the Difference Between E-Money and Payment Processors?: What is Electronic Money? Electronic money is a money that is transferred using a network connection to be able topurchase goods and services online. It is like a virtual money wherein transactions aremade through a payment processor online. Electronic money is also called as digitalmoney, e-currency, e- money, digital cash and or digital currency. E-money a person's realmoney that is transferred by a person using either bank accounts, credit cards or wiretransfers. In that way, a person who uses an electronic money will not worry about credit card theft as there will be a medium in which the user's money will be taken in and out of the internet. What are Payment Processors? Payment processors are companies that deals with a person's electronic money transferswherein they act as a medium to the user and the merchant's side. These are considered as an alternative to credit card payments online since transactions are secured. A popular payment processor I know is PayPal. PayPal is used by eBay as another option to payeBay purchases online. To purchase an item using PayPal, a buyer will only input his/herregistered email on PayPal and PayPal will secure the transactions made. Since an emailaddress is only required on PayPal, users will be safe from hackers and key loggers thatare often used before when credit card is the only option to pay online.HYIPs are a major users of these. Since HYIPs are using them, It's a great advantage toknow the difference of between these two. Electronic money and payment processors areoften being confused. They do look alike but their functions are different. Payment processors are like a virtual bank wherein electronic money are the virtual money to beused online.In conclusion, since credit card transactions online are not secured, use them in order foryou to be secured of any purchases you take. There are a lot of payment processorsonline to be used in either purchasing goods or investing in an online investmentfirm(HYIP). One thing to remember is that since it's money that we are talking about here.Please research thoroughly about them in order for you to be safe of scams. It's best to besecured by going into a payment processor that had been long trusted by users online sothat your electronic money will not go to waste. How to Choose the Right Payment Processor: Online shopping is becoming increasingly popular among today‘s consumers. Groceries, DVD‘s… even cars are now being purchased online due to the growing comfort consumers have purchasing goods and services via the Internet. For a merchant, there are huge benefits to selling online, such as a worldwide market and lower costs (such as office space, shop fittings and the like). If you rush into it however, you can end up paying a lot more than you have to, especially when it comes to choosing a payment processer. A payment processor is a financial institution that processes the data for credit card transactions, facilitating the transfer of funds between a customer and a business, allowing you to accept credit card transactions in real time. Rates are probably the most important thing to pay attention to when you‘re looking at a payment processor. Having some history will help you determine the best solution, however if you‘re just starting your business try to estimate the amount of transaction volume, refunds and chargeback‘s you will receive on a monthly basis. For example, if you are in a high risk industry it may be beneficial to seek out a payment processor that offers a low chargeback fee. You also want to be sure that your payment processor can accept payments from all the locations you wish to service, as well as multicurrency support. Some payment processors may only service U.S. customers and merchants, if you want to accept payments from international customers this can greatly reduce your sales! Other things to look out for include security, customer support and reporting. Security is especially important as online credit card fraud can end up costing your business thousands of dollars! Liberty Reseve - the Best Online Payment Processor: Liberty Reserve – the best online payment system Today, people know about Internet not only the ways they are looking for informations, but also they can advertise your online business successfully. Advertising marketing used many billions of dollars, and bring to advertise companies huge profits. People can shop online, purchase services… and more even better, they can make money from the Internet word, many people can earn thousands dollars per month from making money online. That‘s great ! I‘m sure you heard about some kinds of making money such as : paid to read, paid to click, paid to offer, paid to survey, affiliate marketing, pay per click, Google Adsense or some other ways you can earn money online. But how can you successful make money, beside finding trust sites pay you, must have secure and safe online payment system. After the dead of many system payment processors : E-gold, eBullion, Altergold. Money maker really want to have really trust payment system, and that is Liberty Reserve. Liberty Reserve is the best payment proccessor with many great security features, can not find in any other payment systems: + Verify capcha code : when you login account + PIN code : check when you access main account + Master Key : confirm when you send money, or make change your profile settings. Liberty Reserve safety has two protection levels: first – entering PIN- code created in registration using a virtual keyboard. It secures the system from logger-programs. Second- entering password and control image. Third – entering 3-symbol payment PIN-code using virtual keyboard when making a transaction. The entrance procedure has one more feature: when registering, the user enters any phrase to further appear when entering the account. When other phrase will appear, it means the web-site the user has entered is wrong and someone is trying to steal his/her money. Liberty Reserve system is highly secure and easy-to-use in any transactions. Liberty Reserve has two account types: LR-USD (based on US dollar) and LR-Gold (based on gold). There is no commission in Liberty Reserve. When user wishes his/her account number is hidden the recipient, he/she pays a fee for the transfer (0.75$). Many people on the Internet have same dream, can earn so much money from this huge profit world, and I know so do you. Liberty Reserve will be the best choice for you when you choose a online payment processor. Security Recommendations What is a fraudulent email? A fraudulent (spoof) email pretends to be from a well-known company in an attempt to get personal information from you. People who send spoof emails hope to use your information — such as credit and debit card numbers or account passwords — to commit identity theft. You can prevent spoof from affecting you Spoof or phishing emails and the spoof websites often associated with them are deceptive in appearance. However, they contain content that reveals that they are fake. The most important thing to do to protect yourself is to be able to spot this misleading content: What to watch out for 1. Generic greetings. Many spoof emails begin with a general greeting, such as: "Dear Liberty Reserve member." 2. A false sense of urgency. Most spoof emails try to deceive you with the threat that your account is in jeopardy if you don‘t update it ASAP. 3. Fake links. The text in a link looks valid, but then sends you to a spoof address. Always check where a link is going before you click. Move your mouse over it and look at the URL in your browser or email status bar. If the link looks suspicious, do not click on it, and be aware that a fake link may even have the text "LibertyReserve" in it. If you are not sure about an email, forward the suspicious email to Liberty Reserve support for analysis. Questions Liberty Reserve will never ask you in an email To help you better identify fake emails, we follow strict rules. We will never ask for the following personal information in emails: * Credit and debit card numbers; * Bank account numbers; * Driver‘s License numbers; * Email addresses; * Passwords; * Your full name. Third Party Payment Processors-worthy or not: Whether you are aware of online gambling or not but everybody has a fascination to try online gambling once in their life. But majority of them vacillate and don‘t trust the different payment options offered by the online casinos. One should be aware of the need of Third Party Payment Processors. These days, the online casinos provide their players with a wide array of payment methods which assures the players complete confidentiality of their funds. Prior to using their services, there are some payment providers which need the players to provide with financial and personal details. Some of the common payment methods are- Firepay, Neteller, Click2Pay, and Moneybookers etc. The payment methods comprises of major three categories. The first method is known as electronic method where the credit card or the bank account funds your wallet. You can be rest assured about this method as it is quite convenient and dependable. The second method is direct transfers from the bank account to the online casino you have enlisted with. There are players who are not comfortable using this method. But in fact this method is quite dependable as the online casino is not having any particulars about your bank account. The last method is wire and direct transfers. According to this method you will have to make manual transfers of your funds. When the deposit gets verified, the money gets added to the online casino balance. If you are a regular online gambler and you are tired because of slow transactions, then you need to use some of the fast payment methods which are mentioned above. This way the online gambling experience will be much more convenient and you will be free from all your worries. Reasons to Use a Third Party Payment Processor: Processing credit cards for your customers' purchases can easily comprise the bulk of your online store's sales volume. Without having the means to charge credit cards, the majority of your customers will simply leave your website. Fortunately, there are several options for processing payments. Business owners can choose between using their own merchant account or using a third party payment processor. There are reasons that support both cases. In this article, we'll discuss some of the reasons you may want to use a third party to process your credit card transactions. Not Eligible For A Merchant Account Even though merchant accounts are easier to secure than they were years ago, many business owners are still ineligible. There may be a number of reasons why this is the case. For example, the major credit card companies (Visa, Mastercard, etc.) only extend merchant accounts to registered businesses. If your business is not legally registered, you'll find it difficult to get a merchant account. Other potential issues include being considered a high credit risk (due to credit history or the type of products offered) or being blacklisted as a "terminated merchant." In each of these cases, using a third party payment processor may be necessary. Small Number Of Products If the number of different products that your business sells online is limited, a merchant account may be more trouble than it's worth. The extra fees for each transaction along with the myriad of other expenses attached to a merchant account might make using a third party payment processor appealing. Plus, the effort of finding a payment gateway, setting up a shopping cart and resolving any programming issues may require too much effort for your limited catalog of products. Low Sales Volume If your business processes a low monthly sales volume, the costs of maintaining a merchant account can have a significant effect on your profit margin. Most merchant accounts require a minimum sales volume. If that minimum is not met, a monthly charge may be incurred. If your sales volume is low, you may find that the merchant account is actually a drain on your profits. Using a third party credit card processor can be a less- costly alternative. Less Maintenance Processing credit cards through a merchant account requires that you use a payment gateway, a shopping cart and an API. While many business owners hire programmers to handle these details, doing so can become expensive. Small business owners may not have that option. If you don't have the budget to hire capable programmers, you may have to do the job yourself. If your own programming skills aren't sufficient, getting started with a merchant account may be difficult. You can effectively outsource many of the programming chores by using a third party to process credit card transactions. They'll take care of any coding issues and problems when they occur. Potential Drawbacks There are, of course, drawbacks to using a third party payment processor. First, you'll pay higher transaction fees (often up to 15% of the transaction amount). Second, you'll have to comply with the third party's rules (which can often seem inflexible). Third, using a merchant account looks more professional than using a third party payment processor. And lastly, you won't be able to build a credit history while using a third party. In the end, there isn't a clear cut solution for every business. Circumstances will dictate which solution is most appropriate. When you're searching for a way to process credit card transactions, keep the above factors in mind while you weigh your options. That's the best way to find the solution that meets your needs. The Following are Some Important Points to Consider When Choosing or Switching Payment Processors: The following are some important points to consider when choosing or switching payment processors. 1. Accept All Major Credit Cards Can you accept as many cards as your competitors? Can you accept cards in the USA, Europe, Canada and internationally? 2. Obtain Higher Processing Limits Are you limited to how much you can process? Are you processing as many transactions as you can be? 3. A Company That Understands the High-Risk Business Does your current merchant provider specialize in the high-risk industry? Are you getting the support you need? 4. Quick Access to Cash Does the processor provide flexible financing to help grow your business? Are there restrictions or interest charges placed on loans, or can you get a loan that is free from fixed payments, timeframes and interest? 5. Ease of Integration Do you need to change your existing setup? Does the processor integrate with your existing system or customized setup? Can you easily import/export your existing customer database files? 6. Real-time Reporting Can you follow your business performance anytime, from anywhere? Can you export business reports in your preferred file formats (XML, Excel, PDF, etc.)? 7. Security and PCI Compliance Does the processor use sophisticated fraud and security tools to protect your business and your clients? Do they meet all PCI standards, allowing your business to benefit from additional reliability? 8. Gateway with Recurring Billing, Re-billing and Customizable User Access Levels Can you manage recurring payments to avoid potential errors? Can you immediately process transactions from repeat customers, without re- entering customer information? 9. Dedicated Merchant Support Can the processor help you deal with any issue, including chargeback resolution, risk monitoring, etc.? Are they available 24/7? 10. Fully Redundant System Does the processor have backup servers, to avoid downtime and keep your business up and running 24/7? Protecting Customers From Credit Card Frauds: Shopping online is fun and you can also find yourself saving tons of money because you can do some quick comparison shopping not to mention that many stores have coupons in the form of special words and numbers that you can sometimes receive from them if you sign up to receive their newsletter in your email. However, before you rush into the job of online shopping you need to be secure and here are a few tips to make sure that you have a fun and safe time shopping online. Online shopping is a type of electronic commerce used for business to business and business to consumer transactions. is a great resource for finding products that are being liquidated. It is definitely the process consumers go through to purchase products or services over the internet. According to experts, it is arguably the most predictable way to shop because shopping online is becoming more and more popular and website that wants to gain more shoppers will use four major principles of efficiency, calculability, predictability and control. Whether or not online shopping is secure is one question which gets asked over and over again by those who are considering making a purchase online. You are probably one of the many customers who are fund of shopping online by using their credit cards. But just like in any other part of the world, there can be problems that arise either internally or from external sources. When you're a customer, you always want your rights to be protected. But still, you can't get away with threats of being thieved or scammed. And the bad news is, those things can happen both in the offline and online worlds. Just imagine someone suddenly having to pay for purchases he never made or services he never availed of. This person will definitely wonder why his bills have ballooned into an amount that is much larger than what he usually has to pay. And then he decides to look into the situation and find that such purchases have been made using his credit card without his knowledge. He files a complaint and later learns, through his card company, that he had been a victim of fraud. His account is closed and is replaced with a new one. But then again, the damage has already been done and a large sum of money from his account has already been used up. The card company cannot or would not excuse this and will let him pay the amount incurred nevertheless. Being a victim of credit card theft or fraud is, in fact, a devastating experience. You would not want this to happen to you and neither does your card company. That's why there are payment processors. Payment processors protect you and your credit card company from fraud. Payment processors are like bridges that link a customer with his credit card company so that before any transaction is made, both parties can be checked. This is a form of check and balance between the customer and the card company. For instance, when a purchase is made online, the card company receives a notice from the payment processor and verifies if the account has reached its limit. Once it has been established that the limit has been reached, the transaction will automatically denied. The card owner, in this way, is also protected because he'll be able to keep track of his purchases and he will be notified when he reached his limit. Those who use a card that has no more credit left and without the knowledge of the owner are the ones who have the guts to use such card. Thanks to the advent of online processors, these individuals will not be able to complete this fraudulent act since the transaction will instantly be blocked. Making Your Payment Processor a Profit Center: There are literally millions of firms, groups and individuals selling goods and services online. All these e-commerce agents need a way to process payments for their offerings. Practically without fail, the companies who provide payment processing services represent a cost line in the budget: every time a sale is made, the payment processor takes a cut. Today, however, it is possible to have the payment processor deliver a profit. First let‘s look at why your payment processor is a cost center. Let‘s say you‘re selling a casual game online for a face price of $20. If you process the payment through PayPal you will pay somewhere in the range of $1 for the privilege. If you use a payment gateway like Authorize.net, you‘ll likely pay at least $1.25. Each will also likely charge you a couple other fees – monthly maintenance, for instance, or a fee for cross-border charges if your customer is based in a different country to you. One way or another, then, you are going to receive at least 5% less than the full $20 that the customer paid. You can offset this by adding promotions to other items in your product catalog – but you‘ll still pay additional fees. Inevitably, the payment process delivers less to your bottom line than the face price of any items you have painstakingly built and marketed. Plimus, which offers the most popular independent hosted e-commerce platform, is taking a different approach. Starting in April of 2009, Plimus clients will be able to add items as promotions that are sourced from other vendors. So, as you sell your $20 game, you will pay a fee to Plimus for the process; but you can add a promotion that costs you nothing to source and delivers a revenue share. For instance, by additionally selling a $15 item from a partner vendor with a 30% revenue share, you receive an additional $4.50 – enough to not only cover any processing fees, but in fact to raise your payoff above the original $20. This substantially changes the economics of e-commerce. The cost of using a platform like Plimus is ostensibly higher than simply hooking into PayPal. However, by implementing a strategy of promoting goods from others‘ product catalogs, the ultimate financial result is starkly different. In other words, with PayPal you must always assume the revenue recognized from a sale of your products will always be lower than the face price of your products; but with Plimus, you can receive revenues higher than the face price of your products. Your decision-making process on who should handle your payments is different today than it was. Choosing the provider with the lowest fees used to be an economically rational model. Today, your choice can balance fees against actual revenue – and if you can turn payment processing into a profit center, why wouldn‘t you? How Can I Get Paid For Products in My New Online Website - A Guide to Payment Processors: Once you have set up your basic website, and placed items for sale on it, you need to ensure you have a mechanism in place to accept payment from your customers. As a new, and possibly small business, you may find it too expensive to set up a merchant account with your bank, let alone be authorised to have one, as in the banks eyes, you may still be an unknown, and there are risks in accepting credit cards with a new merchant account. Assuming you had all that approved, you would still need to integrate their merchant system into the website you have, and that requies comprehensive understanding of HTML computer language, and website editing abilities. A much simpler way to go about this is to use an online payment processor from a third party. There are numerous options available, that charge reasonable fees, typically on a 'per transaction' basis as a percentage. I will refer to two options, namely Alert Pay or Pay Pal. Both these providers are available in most parts of the world, but you will find Alert Pay is more easily accessible in some East European countries as well, whereas Pay Pal is a little more choosy. The idea is to go to their respective websites, and establish an online account. This is relatively straight forward, and can be done with minimal fuss. Once you have progressed through this stage, you will need to provide valid identification, to protect both you, and the processor. This is in the form of providing a bank account number you would like the funds you earn transferred to, or a valid credit card. In the case of Alert pay, you will also need to forward a copy of your driver's licence or similar. Again, this ensures you are protected, and is a one-time process. When this is all set up, you are then able to create buttons, in the sense that you need to assign each product on your website a monetary value and item name, so that you will then be issued with code, to place on your website. This can be handled by your webmaster if you are not technically minded. The idea again, is to ensure that you have a simple system to put in place, to get you on your way to moving your new website economy in the right direction. Most people will be able to set this up in a matter of a day, or at most, with verification, in a matter of two or three days. A Soon To Open Online Payment Processor: I invite you to have a look and be a part of this pre-launch mode and soon to be the best online payment processor in the internet. Just check it out and read more! I have just recently join Paybox.Me yesterday and instantly I have given an initial $50.00 in my account! And in just only a matter of 1 day, my account balance increased into $74.40! Wow! it's unbelievable !!! Why you should join today... * You start with a $50 balance and it's free. * PayBox will add up to $20 per day to your account for participating as we prepare to launch our new service. * You get $5 per person you refer to PayBox. * You'll be an EarlyBird user—before PayBox opens to the public. * You'll help shape the development of the best payment system ever designed for the Internet. * You could have hundreds or thousands of dollars in your account by the time we launch, without ever making a deposit! PayBox is developing an online currency and payment processing service to make buying and selling online easier, more secure and available to everyone. We're designing our service with the help of a dedicated group of EarlyBird users who are contributing ideas and feedback. Stages of development planned to launch in 2011: * Person-to-Person transactions. * Small Business integration, including payment processing modules for all popular shopping cart software. * Mid-sized Business integration. * Major Online Store integration. * Debit Card linked to your PayBox account. * Currency exchange with all major world currencies. As an EarlyBird user of PayBox, it's your job to... * Log in frequently to see where we need your help. * Participate. Share your opinion and complete tasks which can be done from the comfort of your home or office computer. * Subscribe to our blog. Our blog is the primary channel we use to communicate news, updates and information to our EarlyBird members. * Be an advocate. You may invite your trusted friends and family to join PayBox. We'll add new tasks as we continue to grow. With each new task, you can always choose to participate (and get rewarded) or not. Best Payment Processors To Use To Accept Payment On My Website: One key business solution merchant website owners always look for is a dependable payment processor to accept payments for online transactions. To the uninformed, however, payment processing is a perplexing subject. There are many complex issues to start with, specifically with regard to the basics of payment processing, payment gateway configuration, and some aspects of third-party payment processors. Before we get down to the best payment processors, here are some essentials about payment processing itself. About Payment Gateways A payment gateway is a third-party company, like a bank, which connects your e-commerce software to your merchant account. This real-time facility allows you to accept credit cards, debit cards, and other forms of online payment. Though not essential, a payment gateway has many benefits, such as: * You will have a feature that will provide your customers real-time feedback on their payment status, most importantly if the payment card is not accepted for any reason. * You ride on speed and efficiency. If your business conducts large transactions, then you benefit by speed, efficiency, and significantly lower processing fees. * You start straightaway. No waiting time is required to start your business. A payment gateway starts accepting debit or credit cards immediately. To summarize, payment gateways accepts information, encrypts it, and transmits it over the web. Setting Up Gateway Configuration Setting up your payment gateway essentially consists of two steps. * The first step involves your merchant account and your gateway provider. You need to provide access to the gateway provider by making available all needed information. * In the second step, the payment gateway will configure with the payment processor. All that a payment processor will ask you is to log in, proceed to configuration and payment methods, and then select the payment gateway. You may ask whether you can configure different checkout choices. Yes, you can. You can either authorize funds or ask the customer to make real- time payment during actual checkout. Your decision will depend upon your business model. Real-time payment requires that you ship the merchandize within a specified period. In the event you are unable to do so, choosing the other alternative is a better option. The choice of "Authorize Funds" allows you to put a temporary hold on the customers' funds till you ship your product. Understanding Third-Party Processors Simply put, a third-party processor is a vendor who charges your customers' credit cards on your behalf and then transfers the money electronically to your account. Many online merchants prefer to have both the third-party processor and the payment gateway. This way, you can ensure that your prospective buyer has his or her preferred payment method and is not turned away. Now that you have the basics, we can focus on what features the best payment processors have. A good payment processor * Provides merchant account services efficiently. Good customer support is essential. Availability of 24x7 help provides a lot of reassurance that there is someone to troubleshoot your problems. * Has an effective antifraud solution in place. You hear a lot about credit card frauds going on these days. Credit cards are stolen, lost, or misused by false information. The best payment processors verify billing and shipping addresses with those provided by MasterCard/Visa. In addition, card security codes are put in place to verify that the buyer actually owns the card. * Provides you with accurate financial information. * Has a recurring billing feature. This simply means automatically collecting payment installments after a fixed duration. * Have reasonable rates and fees. However, you must remember that each payment processor may have different sets of rates. For example, they may have an assortment of rates, such as discount rates, chargebacks, or transaction rates, in addition to application fees, ongoing fees, and settlement fees. Choosing the best payment processor will entail evaluating all financial aspects of the charges and fees. * Is dependable in all respects. Any weak link in the payment processing system means loss of customer confidence, and this translates into loss of business. There are many dependable and well-known payment processors out there. All you need to do is evaluate the benefits and disadvantages each processer has. Some of the well-known names in the business are Google Checkout, PayPal, MiraPay, and Authorize.net, to name a few. They have survived the competition and are thriving because they have built customer trust by providing a dependable, secure, and fast payment environment. The Popularity of Payment Processors in Cable TV Companies: Over the past few years, small and big businesses are finding ways to complete transactions as fast as possible. This is one of the reasons why businesses like to take it at a whole new level to make their transactions fast, through the use of payment processors. This is where businesses and customers are making their own transactions online, by simply sending and receiving money to their accounts. Payment processors are considered to be an online savings account which a user may deposit, send and receive money while using their personal computer. As you can see, more traditional and online businesses are now using payment processors to complete their transactions rather than manual. For example, if you are from India and the company is in US, it is pretty hard that you might send them a mailed envelope which may took days to complete the payment. With the use of payment processors, there is no need for you to send a postal envelope but to send money online instead. Huge companies like satellite TV are beginning to take interests on using their desired online processors that are popular and trusted to customers. Satellite TV providers are a huge factor to all of us, because it gives us over hundreds of channels to watch than a regular television. It may include local channels, international channels and even watch it on high definition. Right now, we can see that satellite television companies are now accepting credit card and payment processors for subscribing with them. Speaking of the credit card, it is an important tool for you to use in your online processor account. Without the credit card, you may send and receive money but you cannot withdraw it. Even if your balance is zero, credit cards are good options for you pay as your backup. Satellite TV companies are also implementing their own promo or coupon codes for online customers to purchase any of their packages in their website. With online coupon codes for satellite TV, the customers will have more benefits and discounts when purchasing any package that leads them to use their credit card or payment processor to subscribe. Some of the examples of payment processors are Paypal, Alertpay, Moneybookers and LibertyReserve. The most popular payment processor that was used mostly by online businesses is Paypal. But why is it that they used Paypal more than the others? Paypal is the fastest processor in terms of sending and receiving payments. Going back to the satellite TV companies, almost one hundred percent of them are using Paypal because it is so effective and safe to use. But we do not underestimate the other low tier payment processors because they can still be used for backup purposes if Paypal is not their best option. Subscribing with the best satellite television companies are truly worth because they are cheap but giving you lots of channels to watch. Any business like satellite TV would become successful in the upcoming years, especially when it comes to fast transactions through payment processors. How Important Are The Payment Processors To Various Satellite TV Companies?: When it comes to huge business, everything that is more valuable and very useful is very important. But there are also things that are not important at all, because they cannot be used or considered themselves to be thrown in the trash can. Huge businesses like satellite or cable TV has lots of important things to take care of, which they want the customers to be happy in subscribing with them. But there is one thing that might be one of the most important of all, and that should be the sales and revenue. Entrepreneurs and businessmen are likely concerned on the daily sales and revenue whether it goes up or not. For most cable and satellite TV companies, it takes a long time for them to recover their return on investment because of the huge investment. Providing satellite dish to the customers for connecting with their service provider is an important thing for them, rather than sticking to an antenna-type TV with only local channels to watch. Their employees are also a major factor for them, which they need to train them properly in order to prepare for the real tasks and it's considered very important in their business. There are times when the customers or subscribers complain about their service, which needs them to call or e-mail the company about the issue. Customer service employees are the ones who answered their calls, and they should have been trained hard by the supervisors you hired. Not only cable and satellite TV companies that were talking about importance, but also to other types of businesses like gaming stations, restaurants, real estate and many more. However, there is one important thing which results to faster or slower transactions and it is called a payment processor. Customers and subscribers want to pay and make transactions faster than manual payments, and that's what cable and satellite TV companies are planning to add payment processors as an alternative option. Popular payment processors like Paypal and Alertpay are catching their attentions to use them for online payments. Every user cannot withdraw their amounts without including at least one credit card or bank account number. Although they can send and receive payments online, but they cannot withdraw or emergency pay in case their balance is zero. This is why payment processors are considered very important to all businesses like cable and satellite TV providers. Although it is not required by the company for the customers and subscribers to pay them, but it is strongly recommended for them. When you try to search the internet, you can see that online businesses mostly require them to enter their credit card information. But it's not safe all the time when you give them your credit card information, because they might bill you over and over again without notice. Payment processors will keep your credit card information safe when you deal with companies that accept online processors. You must consider that every single individual or thing within the business is very important, especially when using payment processors as an alternative payment for the satellite TV customers. How To Choose A Payment Processor: Choosing a payment processor for your business requires more than a casual glance at features on a brochure. It's a decision that can have a long-lasting effect on your business. Most merchant account providers require you to sign a contract. If you decide to switch providers before the contract expires, you could be subject to a sizable termination fee. That's why it's important that you take the necessary time to uncover the right payment processor for your business. Below, we'll provide you with a blueprint of how to select a merchant account provider. Where To Look For A Merchant Account Merchant accounts are available from a few different sources. Most small business owners first approach their bank. If you have an existing relationship, your bank may be able to offer a package that's designed to grow with your business. If you're unable to secure a merchant account from your bank, you can use an ISO (Independent Sales Organization). An ISO is a broker. They usually represent several different credit card processors. Alternatively, you can often find a trade organization which offers credit card processing services to its members. Shopping The Fees The amount of fees you'll pay for each transaction should be a primary factor in choosing a payment processor. While the fees seem small, there are many of them. They can easily add up to a staggering amount. Try to identify the merchant service providers' fees for each transaction. They're often disguised behind the discount rate. They can play a major role in the profitability of each transaction you process while your contract is in effect. There are many other fees that you should ask about while researching providers. They include authorization fees, statement fees, batch fees, customer support fees, chargeback fees and an early termination fee. You may be surprised by how different they can be amongst several providers. Track Record And Customer Service There are thousands of companies who would like to sell you a merchant account. Some of these companies are far better than others. Before you sign a contract, you should find out how a payment processor's track record compares to its competitors. Have they been providing the service for years? Do their customers tend to renew their contracts? Also, note their level of customer support. Try to contact a few of their current customers. In the event that you have an issue with your payment processor, you want to have confidence that the issue can be resolved quickly. Don't Lease The Equipment Often, a merchant service provider (or a salesperson who represents one) will encourage you to lease the credit card processing equipment. They'll make the offer sound attractive, but you should consider buying the equipment. The terminal and software required will likely cost under $300 to own. A leasing contract on the same equipment is often designed so you can't terminate the contract without paying a large cancellation fee. In the end, you may pay nearly $1,000 for the equipment. Getting A Good Deal To find a reputable payment processor, identify and compare individual fees amongst several providers. Look closely at their track record and customer support. Contact a few of their current customers to ask them whether they're satisfied with the service. Finally, avoid leasing any of the equipment you'll need to process credit card transactions. With due diligence and a little effort, you can find a payment processor that will work with your business rather than against it. A Review of the EGold Payment Processor: There are numerous methods of online payments available for people everywhere. These have been created at first to suit certain types of customers and afterwards have developed and widened the variety of their customers. eGold is one of the most popular and trustworthy online method of payment that people from numerous countries have adopted for sending and receiving payments through the internet. The very feature that differentiates eGold from other payment methods is the fact the money transfers made through eGold are backed by real gold. This is a very important detail that is meant to bring more credit to this payment method. Many people that are using eGold have taken this detail into consideration and have considered it very trustworthy. There are also other methods related to this payment service. They are the same reliable but the difference is that these are not backed by gold. They include other types of guarantees, such as silver, platinum or palladium but their efficiency is also given a lot of positive reviews. eGold has brought a new type of guarantee for its payment services and that is why increasingly more people are adopting it as their basic method of sending or receiving money online. The payment services of this electronic currency are also guaranteed by a great experience that eGold Ltd. has gained during its banking activity from the past years. Most of the reviews that eGold payment service has received from its customers take into consideration the most important aspects and details of money transfer. Hence, it is a reliable, trustworthy money transfer method and it also functions very fast and efficiently. The fees of the banking operations are also low for this payment service and the satisfaction of using them for different payment or pay procedures is guaranteed by a great experience in the field and also by the gold that this payment service is based on. There is also a great transparency when choosing to transfer or receive money online by eGold. Taking that into consideration we may consider that this payment service offers many advantages and among these you may also observe the great transparency of the service. When you are transferring or receiving money by this method you are always notified by the steps and details of your transaction. This helps you stay informed and also helps eGold gain more credit and be more trustworthy for its customers. All these details and the numerous other advantages that this transaction method offers are meant to ease the online banking processes and to give the company more credibility in front of its customers. By consulting the information available on the central site of eGold. You are likely to find the details and features of this payment opportunity and also to get familiar with the policy, terms and conditions of eligibility to transfer o receive money through eGold. The trustworthiness of this method has brought many clients to this service and their satisfaction has been stated in their positive reviews on eGold. Clickbank the payment processor – A fantastic PayPal alternative: If any of you have read my recent posts on here they will have heard all about my troubles with PayPal when I was one of the lucky few to be paying the PayPal Christmas bonuses with my account. Since then though I have realised what a big mistake I made and the need for something more secure that makes me feel safe with my online earnings. The thing is I‘ve never actually had a problem with ClickBank even though I have used them for a number of years. I‘ve just never thought of them past hosting my top affiliate products. For example I never see them as a place to go for hosting little income streams that tick away over time until now that is! Everybody wants to escape PayPal apart from the boss of them that is! We want a solution to take our payments but at the same time we don‘t want to leave them because we believe it will result in a drop of customer sales because everybody wants to use their PayPal balance myself included. But ClickBank are in a position to take debit cards, credit cards and PayPal all at the same time. They are also much stricter than PayPal with what products you can sell so you feel more comfortable with them. Their customer service outshines every other payment provider that I have used and I always feel priviledged to be part of their community. Once you get your first product approved with them you can set up several others from the same account giving you the opportunity to list lots of ebooks not just the one. Only the first will appear in the marketplace but all the others will have payment buttons created for them. This can be particularly beneficial if you have several offers for your subscribers only or if you have Australian customers as a lot of our clients down under can‘t pay by PayPal. At the end of the day if you are a customer that has been left in a similar position to me you should seriously consider ClickBank as an alternative so that you can carry on selling online without any problems arising. Understanding the Payment Gateway of Merchant Accounts: One of the applications that merchant accounts offer is a payment gateway. As the term already implies, it is the payment gateway that is responsible for sending information from the merchant or retailer to the payment processor and, in turn, to the credit card association. The payment gateway is used by business owners with Internet merchant accounts; those with retail accounts use a point-of-sale terminal, a physical program on the computer that is connected to the physical credit card terminal. Basically, the payment gateway of merchant accounts has three main functions. First, it functions as the one that authenticates credit card transactions. Second, it allows the merchant to send its transaction for payment processing and finally, it protects the information transmitted. But how does the payment gateway work? It first functions during the verification process in credit card processing of merchant accounts. When a buyer buys an item online, the information the buyer sends is sent to the web server of the merchant. The merchant then forwards this information using the payment gateway. Both of these processes are encrypted by a Secure Socket Layer to ensure that it is protected. This ensures that the information sent cannot be acquired by a third party. Once the payment gateway receives the information, it sends it to the financial institution's or the bank's payment processor. It is then the processor's responsibility to send this information to the credit card associations. The card associations verify and authenticate the transaction and inform the processor if the cardholder has sufficient credit to purchase the item. If the transaction is valid (in terms of the card's financial capacity), the card association sends the information to the processor. The processor, in turn, sends the information back to the merchant. This is how the payment gatewayauthenticates a credit card—all in a matter of seconds. The same process applies when the merchant authenticates the credit card transactions for payment. The payment gateway of merchant accounts sends the transaction information per batch to the processor. This, on the other hand, takes two to three days. Needless to say, the payment gateway is an important part of the credit card processing procedure. In fact, it is the core. Allied Wallet: Review Of A Payment Processor: Allied Wallet is a credit card processor for those who are looking accept credit card payments online or to use ACH processing. Allied Wallet is a great choice for those that are not fully ready for a merchant account, but need a way to process online payments from customers. Thousands of online sellers and buyer across the world use this processor to meet their sales and buying needs. Why do so many people turn to Allied Wallet for their needs? Well, there are many reasons. For instance, you can get started accepting payments right away. With some payment processors, you have to wait for approval, account set up, and so on, but with this company, you can get started right after signing up. Furthermore, with Allied Wallet, there are no contracts to sign and no sign up fees! Some merchant account providers require that you sign a contract, agreeing to use their services for a certain amount of time. If you cancel before that time, you may be responsible for fees and such. Many other processors out there actually charge you to apply for an account, never do this because there are plenty of other options like Allied Wallet out there to use. In addition, with Allied Wallet you do not need any special software or equipment to get started, everything you need to get started is provided right from the website. There are some associated fees, but not nearly as much as with some other payment processing providers. There is no one time fee to signup with Allied Wallet but there will be fees per sale which is completely normal for online payment processing. For example, there are no statement, monthly, or application fees. There is also no need for SSL certificates and you can transfer funds directly to your bank account free of charge, provided they are to participating banks within the United States and Canada. In addition, you will also receive free technical support online and free website codes. You will enjoy codes that are easy to plug into your website, the ability to accept credit cards from around the world, and even bill your customers on a recurring basis. Many shopping carts accept this form of payment and is already integrated right into their system, therefore, getting started with Allied Wallet. Online Payment Processors – Who To Use For Taking Online Payments: We take a look at some of the most well known payment processing systems, and give you a little more information about them and look at our top five payment processing systems for your business. PayPal – Probably the most known about payment system on the Internet, everyone has used or knows someone that has used PayPal, whether it be for paying for goods on EBay or sending money online as a donation, PayPal is one of the most used payment methods around. PayPal is a very secure online payment method, which allows your clients and customers to pay you or your business quickly and easily without sharing any of their financial information. Google Checkout – One of the most recent payment options that we have been using for our customers is so easy and quick to set up that it has become one of our most favourite options for clients. The fees are really competitive and if you use Google Adwords, you will also have a little "secure checkout" logo added to your adverts, which we have seen for our clients an increase in orders, because the general public trust Google as a brand and will use them where they can, even if it is for paying for goods online! SagePay – Previously and most commonly known as Protx, this payment processer is one of the leading payment options in the UK and Ireland. They claim to have well over 25,000 customers and have been in existence for many years, offering competitive rates and secure payments, that are seen as one of the leaders in the industry. The integration of this product can be quite complicated and the setup can take time to get just right, but when you do, you will have one of the leading payment processors on the Internet. Nochex – This leading and independent UK based online payment company, specialises in working with smaller online businesses and providing them with a very simple, accessible, easy to use, online payment service. If you are looking for a 'complete' and flexible online payment package, then you will find their range of services exactly what you are looking for, as they are have been around for some time and offer all kinds of payment options and the peace of mind that you can rely on them. RBS - RBS WorldPay used to be simply WorldPay, but is now part of one of the UK's biggest and most established banks. The system allows you to accept all types of credit and debit cards over the Internet, and they also have a fantastic little system that lets you take payment over the phone via a merchant control panel, something we have found really useful and very cost effective. A Kickass Payment Processor For Caribbean Businesses: You Cannot Sell Online If You Have No Mechanism To Collect Payments One of the biggest challenge for small businesses online in the Trinidad and Tobago and in fact the Caribbean is access to a global merchant account. This is usually the case with most developing countries. The technology is available but until there is a synergy between merchant account providers and local financial institutions the situation will remain the same. But there are alternatives. Paypal is by far the most recognized payment platform available to merchants globally. Unfortunately, their primary target markets are the United States, Canada the UK and to some extent Europe. Services are limited and vary from one developing country to another, in some countries the service is simply not available. For example, in some countries Paypal can only be used to send funds or merchants are allowed a small limit on of funds they can receive. Funds are restricted to USD so merchants are compelled to use that currency. These features limits the merchants' ability to transact business online. There is another option, although not perfect but proven viable for many entrepreneurs in developing countries. It is simple to use and does not require a long involved application process. It's available in all the major continents, Africa, Asia, Europe, Canada, US and South America including the Caribbean. Here is a screen shot of some of the countries covered in this region. the check marks are the services they offer to each location. Alert pay has been online for a few years now and has established its reputation for reliability. They are giving PayPal's a run for the money by providing service to over 190 plus countries with 21 currencies including almost every island in the Caribbean. Send and receive funds in your own currency or any other supported currency for a 2.5% spread over the exchange rate. Here are some of the benefits of having access to multi-currency online payment platform; • Exchange currency from your home or office without ever having to fax or mail a form. • Inexpensive compared to other alternatives • Conveniently accessed from anywhere in the world • More currencies supported than Paypal. • Receive international payments in your local currency. You can use it to shop online, send remittances, pay bills, exchange currencies it accepts deposits in your primary currency to another of your choice. Note: always check the currency rate before using the online converter to ensure that it is updated. Here are three downsides of using Alert Pay: 1. You are charged per transaction, i.e. the 2.5% spread that means for every $100 in any currency the fee will be $2.50. 2. It does not provide a shopping cart meaning that it is not possible to purchase multiple items at the same time. Although they have promised to develop one in the near future it does limit multiple item purchases. 3. Depending on the method you use to withdraw your funds there is a wait time that may range from 2 – 5 days. What this means is that spontaneous withdrawals are not possible. The sweetest incentive for joining Alert Pay is FREE and easy to use. For and individuals Alert Pay provides a viable alternative if you are not selling multiple items. But it can still be used as an alternative because of the ease of use and ability to accept multiple currencies. If you are looking for a payment processor go over to Alert Pay and take a look around, it may the solution to start getting and sending payments online. Liberty Reserve Payment Processor: Liberty Reserve is an account-based e-currency system in which you can store your money in American dollars, European EUROs and GOLD (soon) and transfer payments to other people and receive payments from others. It is safe, reliable and confidential. The payments are irrevocable (which means they can not be reversed). Liberty reserve is instantaneous, real- time currency for international trade. Within minutes, you can send and receive payments from anyone, anywhere on the globe! E-currency, or digital currency, is a stored value and payment system, that allows users to store funds (such as Euro, USD, Yen, and metals such as gold, silver, etc., or anything else of value for that matter). The main feature of a digital currency is that spends (payments) are irrevocable, unlike bank payments (wires, checks), and other systems that have similar features (online payments) but can easily reverse payments, such as PayPal. Liberty Reserve is protected by an offshore Trust, and is at all times backed 100% by U.S. dollars for LR-USD accounts, and by gold for LR-gold accounts, etc. Liberty Reserve is incorporated under the laws of Costa Rica and is a 100% irrevocable payment system and digital currency. You can send or receive money to or from anyone in the world. One of the most important features of Liberty Reserve is the security of your account. Passwords, PIN's, stop account feature, and anti-keylogger (trojan) login system are just a few of the security precautions that Liberty Reserve has added to keep your value safe and secure within your account. Nothing works better, however, than your own due diligence when it comes to security. Always use an anti-virus for safe computing. Transactions are instant and irrevocable.Eliminate risk & fraud. No more charge backs, defaults, high bank wire fees & bad checks! Use Liberty Reserve to make your online payments quickly, easily and in real time. Liberty Reserve is secure, easy to use and cost-effective. Pay your bills using Liberty Reserve by just use any of approved exchange providers to send a check to you or anyone and anywhere in the world in exchange for your Liberty Reserve funds. Liberty Reserve also provides personal, live, one-to-one chat with a customer support representative to answer your questions. No more waiting hours or days to get a simple question answered. Support representatives can also push a URL onto member's computer as a pop-up so that not have to go looking for a particular link. How to Select the Right Mobile Payment Processor: Mobile payments are highly effective for micropayments payments of digital content and virtual goods. Offering mobile payments increases revenues, mitigates payment processing risks, and expands markets world- wide quickly and easily. More importantly, mobile offers a potential for a relationship with customers that no other payment option can provide. The real power of mobile payments goes far beyond selling virtual goods and services. Mobile billing gives business a way to communicate with customers and for customers to communicate with companies and with other customers. Mobile payments expand the power of social networks and communities and provide a unique opportunity for businesses and consumers to be a part of each others‘ world. Given the importance of Mobile Payments, how should a company select a mobile payment provider that they can rely on? There are two important elements to consider. First, the mobile payment platform must meet technical standards and conform to standard business operational functions for payment processing. Secondly, closely examine the additional services that the mobile payment company offers that will enhance your customer acquisition, retention, and marketing strategies and build loyalty to your brand. An effective mobile billing platform will have the following features: Complete audit trail and full reporting functions for every transaction. The status of every transaction must be available in real-time. Merchants should have the same type of detailed information available to them with mobile billing as they do with credit card payment processing. Accountably. Merchants need to know how much money they will receive from mobile billing and when the funds will be received. Flexible price points. Merchants need to be able to set their own price points for products and services. Merchants should not be limited by mobile billing short codes with inflexible billing parameters Flexible billing models. The ability to pass on mobile billing surcharges to consumers allows merchants to offer mobile payments without incurring any payment processing fees. Will consumers pay the surcharges? Millions of mobile billing transactions prove the answer is YES. Consumers willing pay a extra for a small-ticket item in exchange for convenience and instant gratification. Simplicity of integration into existing accounting and payment processing systems. The application program interface should be user friendly and take be easy to implement. Customer support should be offered 24/7 in every local language where mobile billing is offered. One of the great advantages of mobile billing is the easy expansion into international markets. Localized customer service is an important element in succeeding in global markets. The best Mobile Payment Processing platform will offer businesses multiple ways to acquire new customers and retain existing customers. Business should have a variety of low-cost methods to reach out to customers, offer incentives, maintain customer interest in the product, and motivate new spending. Combing innovative payment technology with marketing tools is a sure-fire way to ensure the success of your mobile billing initiative. The right mobile payment processing partner will work with you to customize the right strategy and help you implement your plans in the most efficient way possible. Payment Processing and Betting on Sports Online: Processing credit card transactions is a necessary part of every consumer-related business. This is especially true online. Without the ability to process your customers' credit cards through your website, you'll sacrifice the majority of your sales. If you're operating a sports betting company, you'll need to contend with other issues. Below, I'll explain how online betting works with payment processors. Then, I'll describe the problems that plague the industry. Basics Of Sports Betting Payment Processing Sports betting websites are in a unique situation. They process credit cards whenever bettors want to deposit money into their accounts. In that sense, they're similar to other online businesses. However, when their customers win bets, these websites must transfer their winnings back to them. Those winnings can't simply be transferred back onto the customer's credit card. That typically happens only in the case of a refund or chargeback. The easiest alternative is for the betting website to send checks to customers with their winnings. And that can be a problem... Coping With A Challenge First, sports betting websites deal with the challenge of processing payments by using an overseas merchant account. The reason is due to congressional legislation that prohibits banks from transferring money to an online gambling site. Known as the Unlawful Internet Gambling Enforcement Act of 2006, it's actually used to prevent banks from dealing with gambling sites at all (which I'll explain in a moment). Sports betting websites fall under the umbrella of "online gambling." As a result, banks within the U.S. will not extend a merchant account to them. Further, remember that these websites need to send customers' winnings by check. The congressional act mentioned above precludes banks from allowing the transfer of money through those checks. If discovered, it's plausible that the U.S. DOJ (Department Of Justice) will impose fines on that bank. The challenge for sports betting sites is to find a bank that is either unaware of the type of business for which they're issuing checks or is willing to take the risk (not unheard of in some countries). Keep in mind that a popular site might issue hundreds of checks each month, especially for popular events like the NBA Finals. So, it's not a small risk. Enter The Payment Processor Often, betting websites need to use a payment processor to not only accept deposits, but to also distribute winnings. It's becoming more challenging to accept major credit cards (specifically, Visa and Mastercard) for wagers because of the congressional legislation. To fill that gap, several payment processors have emerged. But, using them is, in itself, a challenge for betting sites. Many of these processors are "fly by night" operations and disappear once customers' deposits are received. Others are actually reliable and will process payments until they're caught, which can happen without warning. Finding A Payment Processor If you're thinking about starting a sports betting website, you'll have some obstacles to clear. Not only will you not be able to process credit card payments through a domestic merchant account, but you'll need to find a bank to process checks for you. If you're unable to find a bank that is willing to work with you (remember, it's a risk for them), you'll need to find a dependable payment processor. Bodog, a high-profile presence in online sports betting, reportedly uses JBL Services to process payments. While JBL was profiled in a recent Forbes article that mentions legal action being taken against them, most experts suggest the article was misleading. Another payment processor with a good reputation in the industry is Zippayments.com. Whichever company you choose, keep in mind that the industry changes very quickly, exposing all parties to risk. Payment Processing Systems Simplified: A payment processing system has six basic components. The six parties to a payment processing system are: Customers or cardholders are the first part of a payment processing system. A customer is the holder of a payment card, either a credit or debit card, from an issuer. Issuers are the second participant of a payment processing system. An issuer is a financial institution that provides the customer with a payment card. The issuer is responsible for the cardholder's debt payment. Merchants are the third part of a payment processing system. Merchants are any organization that sells goods or services to the customer. The merchant that accepts payment cards must have a merchant account with an acquirer. Acquirers are the fourth element in a payment processing system. Acquirers are financial institutions that establish an account with a merchant and processes payment card authorizations and payments. The acquirer provides authorization to the merchant that a card account is active and that the proposed purchase does not exceed the customer's credit limit. The acquirer also provides electronic transfer of payments to the merchant's account and is then reimbursed by the issuer via the transfer of electronic funds over a payment network. Processors are the fifth participant in a payment processing system. Payment processors are large data centers that process credit card transactions and settle funds to merchants. Payment gateways are the sixth element in a payment processing system. Payment gateways link acquirers and processors to merchants. The payment gateway enables the authorization, settlement and management of credit, debit and other electronic transactions via websites, POS, and on wireless devices. Payment Processing System Interchange Interchange is the backbone of the economics of a payment processing system. Interchange represents the percentage of each credit or debit card transaction paid by the acquirer to the customer‘s issuer. Interchange makes up most of the fees that merchants pay to banks for processing card transactions. Issuers in a payment processing system use a portion of interchange revenue to encourage card use by offering cardholders rewards, such as cash rebates, airline miles, or other incentives. The more the card is used, the more rewards can be earned by card holders. As payments by debit and credit cards have increased and become the preferred method of payment for buyers, interchange fees have increased. As a result, merchants, essentially subsidize issuers in a payment processing system. Issuers make money both on interchange and from charging cardholders fees to use the cards. For years, merchants have complained that interchange fees are unfair. Merchants allege that interchange allow banks, which would normally compete on fees, collude on fees instead. Banks say if merchants do not want to pay interchange fees, merchants can chose not to offer cards and not use a payment processing system. Merchants counter that opting out of a payment processing system is not a viable option because customers expect to cards to be accepted everywhere. How To Accept Online Payments From Your Customers: If you are new to ecommerce and need a payment processing solution for your website, then this article will be of interest to you. There are several different ways to process payments for your internet business. We will outline each of the avenues available to you so you can select one that is right for your particular business. If you own a store and are simply setting up a website to give your customers the ability to purchase your products online, then you probably already have a merchant account that you use to process credit card transactions. If this is the case, then you do not really need to process customer payments through your website; you can simply post an order form on your website for your customers to print so that they can fill it out and fax their orders into you. Then, you would just process the payments by entering the orders into your credit card terminal you use in your store. However, if you want to process payments through your website, there are a few different ways to do it. The most common method used by internet merchants to process payments is by signing up with a third-party transaction processing service, such as Paypal. All you need to do is sign up for an account with the third- party, and then you link to their order form from your website and they process the payments for you. The processor charges a transaction fee for each transaction, ranging anywhere from 2% - 15%, depending on the company and the amount of business you transact. Most of these companies can process recurring payments as well (recurring payment processing is necessary if your site sells a membership for which you need to charge your customers on a regular basis). Some of these third-party processors also have the ability to process your orders using an automated phone system. With this method, your customers can call a certain phone number to place an order, and are then prompted to enter a certain code. The order is charged to the telephone bill of the customer. Also, some third-party merchants offer an online check payment option. This gives your customers the ability to pay for their order by entering the account number and routing number of their checking account on the order form, and then their checking account is automatically debited. It is good to offer this to your customers, because not everyone has a credit card. Offering online check payment processing will help you convert more sales. If you do not want to use an outside company to process your payments for you, then you will need to open your own merchant account. This is not so simple to do. If you open a merchant account at a bank, there might be a monthly service fee of several hundred dollars per month. There are several companies, such as CardService International, that offer cheap online merchant accounts, ranging from $50 - $100 per month. After you open the merchant account, you will need to hire an experienced programmer to create an order form that can process payments and connects directly to your merchant account. If you decide to use a third-party payment processor, just make sure that they have a good service record, because if their systems are frequently down or their order forms do not work too well, then your business will suffer as a result of the lost revenue. If you are starting a multi- million dollar business, then you should probably set up your own merchant account and have a programmer create your own order forms to process your payments. How To Send A Paypal Payment Notification Email?: The last year has been one of the most challenging for all online entrepreneurs. I am talking about home based software developers, web designers and big companies with thousands of employees. The Internet is constantly evolving, growing day by day. Those who cannot keep up, are left behind. However, those who manage to improve their business model, those who incorporate the latest technologies, those who adapt, they will all get a share of the "apple pie". I've been approached lately by someone who was complaining about loosing too many customers because of immediate refunds. My client was selling an e-book with cooking recipes. Payment processing was done by Paypal, one time fee, nothing fancy so far. I decided to purchase the ebook myself for testing purposes. I clicked on the "Pay by Paypal" button around 7 P.M., and in 3 minutes I received my payment confirmation. So far, so good. But wait, there is more: no sign of the cooking ebook. I had to wait until the next day, around noon, when the seller checked his inbox and emailed me the recipes in a PDF file. I finally got it why so many customers asked for a refund. They needed those recipes the moment they decided to pay, not 16 hours later. The first solution was simple and in reach: don't sleep, check inbox every hour and send that PDF file A.S.A.P. Seriously now, a viable alternative would be to switch to another payment processor of transactions that involve electronic goods: Regnow, ShareIT, Plimus. At this point I am pretty sure all of them support Paypal payments, among with the majority of credit cards available world wide. The major drawbacks are the higher commissions, and their tight payment schedule, that includes a single payment batch per month. No more instant withdraw to your credit card like it's available at Paypal. Furthermore, you have to setup your product in their online catalog, pay for download bandwidth and many other disadvantages, compared with the simplicity of Paypal. Well, there is a working solution that involves Paypal. Their system allows sellers to send a custom email to buyers. This can be done with the help of PayPal IPN (Instant Payment Notification). IPN is a notification platform that can send a notification each time a transaction is affected. This includes payments, subscriptions, eChecks, disputes, chargebacks or refunds. That's pretty much everything. The only problem is that it's quite complicated to setup, you need PHP knowledge and at least a medium understanding of how those type of things work. For those who don't know or don't have the spare time to learn about using IPN, I have a recommendation: some web form processor services that are available on the Internet offer a similar feature. I mean you can do the following: setup a web form asking for your client's name, email and what product he wants to buy. Next, integrate Paypal with your form (everything is done in an online wizard). Attach prices to your products so that your buyer can see how much he has to pay. In the end, before saving your web form, look for the PayPay payment notification options. Basically, you should be able to setup a standard email template that will be sent to your buyer each time he completes the payment process. This email will include a link to a page on your website where your client can find and download the ebook or software you are selling. Instantly. If you want to send electronic goods the moment you are paid for them, I suggest you have a look at 123ContactForm Paypal Payment Notification guide. How To Send A Payment Notification To Your Paypal Client?: The last year has been one of the most challenging for all online entrepreneurs. I am talking about home based software developers, web designers and big companies with thousands of employees. The Internet is constantly evolving, growing day by day. Those who cannot keep up, are left behind. However, those who manage to improve their business model, those who incorporate the latest technologies, those who adapt, they will all get a share of the "apple pie". I've been approached lately by someone who was complaining about loosing too many customers because of immediate refunds. My client was selling an e-book with cooking recipes. Payment processing was done by Paypal, one time fee, nothing fancy so far. I decided to purchase the ebook myself for testing purposes. I clicked on the "Pay by Paypal" button around 7 P.M., and in 3 minutes I received my payment confirmation. So far, so good. But wait, there is more: no sign of the cooking ebook. I had to wait until the next day, around noon, when the seller checked his inbox and emailed me the recipes in a PDF file. I finally got it why so many customers asked for a refund. They needed those recipes the moment they decided to pay, not 16 hours later. The first solution was simple and in reach: don't sleep, check inbox every hour and send that PDF file A.S.A.P. Seriously now, a viable alternative would be to switch to another payment processor of transactions that involve electronic goods: Regnow, ShareIT, Plimus. At this point I am pretty sure all of them support Paypal payments, among with the majority of credit cards available world wide. The major drawbacks are the higher commissions, and their tight payment schedule, that includes a single payment batch per month. No more instant withdraw to your credit card like it's available at Paypal. Furthermore, you have to setup your product in their online catalog, pay for download bandwidth and many other disadvantages, compared with the simplicity of Paypal. Well, there is a working solution that involves Paypal. Their system allows sellers to send a custom email to buyers. This can be done with the help of PayPal IPN (Instant Payment Notification). IPN is a notification platform that can send a notification each time a transaction is affected. This includes payments, subscriptions, eChecks, disputes, chargebacks or refunds. That's pretty much everything. The only problem is that it's quite complicated to setup, you need PHP knowledge and at least a medium understanding of how those type of things work. For those who don't know or don't have the spare time to learn about using IPN, I have a recommendation: some web form processor services that are available on the Internet offer a similar feature. I mean you can do the following: setup a web form asking for your client's name, email and what product he wants to buy. Next, integrate Paypal with your form (everything is done in an online wizard). Attach prices to your products so that your buyer can see how much he has to pay. In the end, before saving your web form, look for the PayPay payment notification options. Basically, you should be able to setup a standard email template that will be sent to your buyer each time he completes the payment process. This email will include a link to a page on your website where your client can find and download the ebook or software you are selling. Instantly. If you want to send electronic goods the moment you are paid for them, I suggest you have a look at 123ContactForm Paypal Payment Notification guide. What is the Difference Between a Merchant Account and a Payment Gateway?: If you decide to open an ecommerce store, you are going to have to become familiar with merchant accounts and payment gateways. In order for you to receive funds from an online transaction, you will need to have some sort of merchant account. Although your bank can probably provide one you should plan on paying dearly for it. If you do not want to do this you can check into the more popular ecommerce merchant accounts available online. With ecommerce becoming so popular, gaining a merchant account has never been easier. Payment gateways act as a sort of go-between for the sellers shopping cart and the financial institutions involved in the transaction. Gateways are not visible to the shopper and handle the transaction between your customer's financial institution and your merchant account. This is all done behind the scenes when the customer clicks "buy it now" or enters the checkout. There are also third-party credit card processors such as Paypal. They do charge more per transaction but there is no monthly fee. This is best if you are just starting out in ecommerce and are unsure of how the payment process works. Almost everyone has a Paypal account. Once you are on your way to becoming an established business, you will want to check more thoroughly into merchant accounts and payment gateways to save money. All transactions go through the payment gateway. They provide information to and from the buyer's and sellers financial networks. Once this is done, the money from the seller's account goes into your merchant account. It is extremely important that you check the differences in rates before choosing a payment gateway and merchant account. Don't settle on the first company you come across. Do some investigating or you may end up losing money and fast. Check the services and the rates for both payment gateways and merchant accounts. Ultimately you will want to get the most services for the most reasonable amount of money. That doesn't always mean the cheapest. You often get what you pay for and that goes for ecommerce as well. There should be no hidden fees involved in any type of merchant account or payment gateway. Fees should be laid out for you to see. If you do not see a complete list of charges that would be incurred, do not use that service. There are reputable services and not so reputable services so know what you are getting. Merchant accounts act on behalf of the seller whereas a payment gateway is an information port for all of the financial networks involved in the transaction. This includes the buyer and the seller. Businesses must have both a payment gateway and a merchant account if they are not using a third-party service. Without a merchant account a seller cannot receive money from an online transaction. Without a payment gateway, the transaction cannot take place at all. This is the major difference between the two. North America's leading offline and online payment processor for debit and credit card processing offering merchant account services, and payment gateway. Accept Credit and Debit Card Payments with our POS equipment. Guide to Payment Processing Terms: Accepting credit cards from your customers isn't as simple as some merchants might imagine. Not only is the process by which the transactions are approved and funds are delivered complicated, but there are many terms that are used. Many of them can be confusing. Chargebacks, payment gateways, ISOs, discount fees, and batches are just a few of the terms that business owners need to learn. Below, we'll provide you with easy-to-understand definitions for the terms that are used most often. Merchant Account - A merchant account is a contract between a financial institution (called an "acquiring bank") and a business owner. The contract allows the business owner to accept credit card payments. Issuing Bank - An issuing bank is the financial institution that offers credit cards to consumers. When a cardholder makes a purchase, the issuing bank either approves or denies the request for funds from the merchant bank. Chargeback - A chargeback occurs when a customer requests that a credit card transaction be reversed and the funds returned to him. Often, this happens due to a customer identifying a transaction as unauthorized or fraudulent. The issuing bank will reclaim the funds that were used for the purchase from the merchant bank. Payment Gateway - Retail stores have credit card terminals through which customers swipe their cards or the card's numbers are input manually. A payment gateway is used for the same purpose for online purchases. The gateway encrypts the card data and communicates the details of the transaction to the merchant's bank. Settlement Time - Many payment processors and merchant banks will hold the funds from a card transaction for a predefined time period. This may be for 1 day or several weeks. For business owners who rely upon steady cash flow, a long settlement time may be impractical. Payment Processing Fees Fees are an important of each credit or debit card transaction. Some fees are exclusive to merchant accounts while others are associated with third party processors. Here are a few of the most common fees that business owners will need to know about if they intend to accept credit cards for payment: Interchange Fee - An interchange fee is the portion of every purchase transaction that a cardholder's issuing bank retains when sending payment to the merchant's bank. It is only relevant for transactions that are processed using Visa or Mastercard. Discount Rate - The discount rate reflects an assortment of fees that are paid by business owners whenever they process a credit card payment. The interchange fee (described above) is one of the fees that make up the discount rate. This rate can vary wildly between merchant accounts. Authorization Fee - Whenever a transaction is processed, a request is made to the cardholder's issuing bank for authorization. Whether the purchase is approved or denied, the merchant must still pay a small authorization fee. Batch Fee - At the end of each day, a business owner should "batch up" and send that days' transactions to his merchant bank. Some merchant banks will charge the business owner a small batch fee for the daily settlement of the merchant account. Knowing The Terms If you do not already have a merchant account or payment processing solution, the terms described above may seem confusing. Once you gain experience by accepting credit card payments, you will begin to appreciate how each facet impacts your business. There are many other terms that are used within the industry. But, if you have a clear grasp of those explained above, you should feel confident about exploring your payment processing options. The Benefits of a Card Payment Gateway: A card payment gateway is an online payment solution. Card payment gateways are a way to process transactions online which involve credit and debits cards. Card payment gateways are an essential tool in the electronic transactional process between customers, business and the banking institutions. So a card payment gatewayacts as portal for the money to be transferred through when an online sale occurs using a credit or debit card. A card payment gateway is the equivalent of a physical point of sale terminal you find in most retail shops. So in essence a Card Payment Gateway provides website owners with the ability to collect and process credit and debit card payments over the Internet. So without a card payment gateway a website is not able to take any payments of goods and/or services which are purchased online. The main benefits of a card payment gateway are: Security compliant Card payment gateways insure that you are safe to handle online transactions. The Payment Card Industry Data Security Standard (PCI DSS) is a global standard covering the way in which card holder data should be handled. If a website is taking online payments then they need to be compliant with these PCI DSS security standards. Card payment gateways protect both credit card and debit details by encrypting sensitive information, ensuring the information is passed securely between the customer and the merchant and also between merchant and the payment processor. Using a payment gateway means you don't need to worry about meeting these compliance requirements as the card gateway provider will handle these security aspects for you. Multi payment service provider support Most card payment gateways will allow your website the ability to support multiple payment service provider (PSPs) and merchant accounts within a single implementation. This then allows the use of different PSPs for different commercial entities using the card payment gateway. Instant payment Using a payment gateway means Payments can be authorised in real-time guaranteeing the availability of funds. Funds are then automatically transferred to your account within 3 working days. Easy integration Most card payment gateways can be easy integrated into any website design meaning your website can become an eCommerce website with minimum effort and changes to your website. Reduced Overheads Card payment gateways save card processing time and free up resources to help improve your customer services. It means that fewer transactions need to be handled manually, or indeed require any manual intervention, hence freeing resources. Card payment gateways can also be expanded to use a recurring payments solution. Convenience By being able to take payments online means that you are able to take payments 24/7, 365 days a year from anywhere on the globe with any device with web access. By being able to process all sorts of credit and debit cards with a card payment gateway, you are increasing your customer base. So if you are seriously thinking about turning your website into an eCommerce site or you want to build a website that can take online transaction then make sure you integrate a card payment gateway into your website. There are many card payment gateway providers out there all offering different additional features. The best step is to research fully into this area and choose the best card payment gateway that best suits your website and industry. Secured Payment Systems: What you need to know?: Do you own online business and wish to grow with time? No matter what your site offers make sure you have secured payment systems. With quality payment systems the bond between sellers and buyers ends up being strong helping business to grow tremendously. Day by day access to internet is becoming very cheap and users are ready to enjoy the experience of shopping all at the comforts of their home. With the growing trend to shop online, it is extremely important to implement secured online payment. 1. Research shows that users tend to visit e-commerce site and love to browse through different category of latest products. Consumers also want to shop from those sites that ensure that their personal but delicate information is safe and secure. Thus, experts feel that it is extremely important to ensure proper and fair retail transactions. This growing trend has contributed to evolution of series of payment. Some of the popular and most preferred payment gateways are Paypal Technology, Google Checkout, World Pay, authorize.Net etc. Thus, the debit and credit card is one of the most used payment mode. What you need to do is implement the right payment gateway for your business. But how do you choose the right payment system for your business? One of the simple ways is to try any of these payment gateways for shot period to see whether it is compatible with your business or not. Here come other few simple tips to pick the payment system. * Security: This is the first foremost things that you must consider. Never compromise with this issue. No buyer or seller wants to have fraud payment processor and rob away with their hard earned money. Pick the payment gateway that offers the tight security in each layer of payment process. * Transaction Fees: Each payment gateway has its own transaction fees. No wonder every business wants the cheapest one to maintain their target profit margin. Browse the different payment gateways and select the one that best suits to your business and offers quality security in processing. * User Friendly: Select a payment system that is user friendly and processes payment rapidly. Complicated commands and interface might discourage to buy from your site. Simultaneously, choose the payment gateway processing single or bulk payments rapidly. Delayed transaction and payment can cost you heavily where you can lose your valuable customers. * Stability: Stability is an important aspect when a business is planned in long run. Thus, systemized and proper implementation must be ensured for smooth running of business. Stability is the path to earn a good reputation. * Proper Authorization: Last but not the least, cross-check the authorization of the payment gateway. Remember by following the law not only you make your business secures but also the interest of your customers. Select a payment gateway that follows the rules and regulations of transferring money online. Secured online payment system is very important to conduct proper e- business and gain the loyalty of customers. Rely on secured payment system to make your e-business work as hard as you. Make More Cash With More Payment Processing Options: If you want to boost sales and traffic to your site, it is imperative to offer multiple payment processing options. There are many different ways to process your orders. You can do it through credit card payment processing, ach payment processing, debit card payment processing, electronic check processing, using a toll free number, or by mail. By offering many different ways to pay for your product or service, you will allow more people to spend money with you. There are many different ways to take payments these days. Make sure that you make it possible for just about anyone to place an order with you. When you limit the amount of ways to process payments, you will lose money. You want to have the most ways possible of processing payments. It is challenging enough to get visitors to your website, don't lose out because you don't provide the means for them to pay. Credit card payment processing is by far the biggest payment method out there. About 90% of sales come this way. It would be ill advised to remove credit card payment processing from your way of selling products. Nowadays, there are payment processors that take check payment processing, credit card payment processing, 800 number payment processing, and 900# payment processing. Take the time to investigate all the different ways to take orders. It is easy to accept credit cards on your site now. There are many different ways. One of the more popular ways of taking credit cards is through using Pay Pal. Pay Pal is an online payment processing company. This is called third party payment processing. Their system is very simple to use and a great tool to transfer funds to you, because there is minimal worry by the client. They also have a great tracking system which protects you as well as the clients themselves. It is also possible to take payments using a toll free number and order forms that you can print off of your site. These are easy to keep track of, but have to be done manually. There are ways to pay companies to do this sort of payment processing. This is called an offline transaction. In conclusion, don't limit the way you do payment processing. Process your orders using a variety of methods to eliminate the chance that someone goes to another website to process their order. Use a variety of payment processing tools, because a sale is still a sale. God bless you. Safety yourself from internet shopping payments risky: With Internet become popular, tradition B-B business has changed into B-C business, promote the domestic market to international market. More and more businessman has changed their way to do business, not only the store but also online business. It is smart to do business online, it is fast, convenient and low cost. Paying online has become a trend so that various of payments accepted by customers. However, someone said "It is fast, but sometimes when payment failure, it is difficult to refund. I have to worry about money." This is reflect that people doesn't fully understand online payment. There are various of ways to pay money online-Credit card, the merchant account, International Merchant Accounts and also paypal. They are allowed payment all around the word. However, before shopping online, you should know how much money in your account. A case that you payment failed, you can contact with salers or telephone to your bank account. Credit cards are almost universal. Whether you' sell memberships over your Website, widgets over the counter, or office supplies through a catalog, you should accept credit cards. That credibility stems from the fact that people believe that you have to be a 'real' or reputable company in order to accept credit cards. And secondly, shoppers feel safer buying this way, as credit card companies only hold consumers liable for the first $50 if fraud occurs. For example, you would like to buy vibram five fingers online, you contact with saler online. You has add your products into your shopping cart, but payment is failed. Frist, you should look at your account whether the money has been designate. Second, you need to contact with salers at once. Telephone calls, send E- mails or chat with them-various of ways you can do to trade your money back. Third, you should asked Credit card center for help, just tell them you the detail process of payment, they will involved in mediation among, this happened when you and salers in the case of disagreement. Paypal is an other fast way to pay money online. In a nutshell, PayPal operates as your site's payment processor to fulfill and complete online payment transactions. PayPal gives your customers the following payment choices: all major credit and debit cards, eChecks, bank transfers, and PayPal accounts. However, before buying five finger shoes online, you should first community with salers and confirm if their online system can accept paypal payment. If so, you can pay money in following three steps. Step 1.Customers shop on your site for something and click your PayPal button. Step 2. A secure PayPal page appears (with your company logo), and the customer makes a payment. Step 3. The customer returns to your site after completing the payment. Before you begin to payment, inside the PayPal Business Account, there is a section called Merchant Services. You need to sniff around this portion of the site, because along with the Create Buttons feature, PayPal offers a lot of free and useful e-commerce tools to keep your business running smoothly. However, notice, if you pay money for cheap vibram five fingers, you were prompted with the popular 5 seconds paypal redirection. Because you can't wait for the 5 seconds redirecting time, you unhesitatingly click the link so you can access your paypal account due to the urgency of the the payment transaction. In order to pay succeed you need to read the rules and follow what page shows the proposed. If you payment failed, pay attention that in order to qualify for a total refund, sellers had to post goods to a buyer's registered PayPal address. You didn't do this, so the protection didn't apply. When the person whose card was used for this transaction complained, the payment was reversed and you were left with a negative balance. For shopping online, you should pay more attention to find a genius and peputation online shop. Make sure that you know how to pay for products. If not, ask your friends to help you or just go to bank to know how to pay. Not give more your information to salers like telephone calls, address and so on. Safety yourself because Internet shopping is risky. Paypal Paid Surveys – How to Take Surveys Online for the Biggest Paypal Payments: Paypal is the world‘s biggest online payment processor; it provides a fast, convenient and easy to use service and it can be great if you are getting regular payment through it. There are a few market research sites both in the UK and abroad that will pay you using Paypal payments, the big problem is actually finding the ones that do. If you do a quick search online it may be possible to find a survey site or directory that will provide you with a short list of market research sites that will pay you with Paypal, unfortunately though these are few and far between. The other option would be to find market research sites and then either sign straight up to see which payment method they use or have a look in their terms and conditions, this method can be quite time consuming. The first method is the easiest but either way to find Paypal paid surveys you will have to be prepared to do a little research. The biggest mistake that some people make when searching for Paypal surveys is too pay a fee to sign up with a huge database of ‗survey sites.‘ This is definitely not the way to do it, if a market research site is legitimate it will never ask you to pay any kind of fee to join. Also many survey databases are just scams looking to either sell all your personal information to other companies or simply scam you out of money with false promises. If it sounds too good to be true then 9 times out of 10 it probably is. Once you have found a decent list of survey sites that will pay you via Paypal simply register with each and wait for your extra cash to start rolling in. The sites that do pay for your opinion via Paypal will either pay you straight after you have completed an online survey or will add it too your account and let you cash out in a low minimum payment. Either way getting paid via Paypal for taking surveys has many advantages over cash or cheque payments and you should find that you will earn lots more money in a much shorter time. Accepting Payments Online: Whenever you're starting a business that is going to sell a product or service, your going to need a way to accept payments. This is not only true whenever you are starting a business in your local area but it is also true whenever you are starting one on the Internet. There are many different options that are available for accepting payments over the Internet, all of which deserve a little bit of consideration before you decide which one you are going to use. Here is a breakdown of some of the more popular options. One of the most popular payment processors that is available on the Internet is PayPal. This company has been around for over a decade and almost everybody has a PayPal account has used it at least once for one reason or another. You can easily accept payments through PayPal with a number of options that make it rather attractive. You can also attach it directly to a shopping cart, provided the shopping cart software allows you to do so. One of the benefits of using PayPal is the fact that the money which goes into the account is available immediately and you can either transfer it, or use it at a variety of different places online. Another option that many people choose is owning your own merchant account. A merchant account gives you the ability to accept credit cards, online checks and payments through a variety of different methods. There are a lot of options that are available whenever you are choosing a merchant account, so make sure that you look at the bottom line and all of the fine print before deciding which one you're going to use. Having the ability to accept credit card payments on your website is an excellent way for you to ensure that you get the impulse buyer, who likes what you have to offer and buys it immediately. If you do not want or cannot have your own merchant account, there are also some online merchant accounts which are available which allow you to use their services in order to accept credit card payments. Depending on whether you are offering physical products or digital products will make a difference in which of the services you are going to use. Some of the most popular of these include ClickBank and DigitalRiver. Both of these are available for digitally downloaded products that you are offering. There are also some services which can offer similar services for physical products as well. One of the benefits of using these services that are available on the Internet is the fact that you will also have a built in affiliate account. Many people who like to sell products through affiliate accounts look to the services in order to provide them with merchants under one umbrella account. It's an excellent way for you to increase your sales and to market your business, to many more people as a result of the efforts of these affiliates. Heartland Payment Systems Breach is as Bad as the Tylenol Poisonings?: Heartland Payment Systems stock (HPY) was hit hard in the wake of what is being described as the biggest single breach of consumer and financial data security ever. The company issued statements Friday (1/23) in an effort at damage control in which the CEO compares the potential industry-wide impact of the breach to none other than that of the Tylenol poisonings of some twenty-five years ago that nearly brought down the drug maker. Not the kind of association I would want to make for my company, but then it is not my company. Worse yet, Heartland's press release was crafted with the kind of classic crisis-response-mode denials, deflections, and spin that we have all become so accustomed to in other sectors of the financial industry. The data loss debacle at Heartland highlights the fact that information security will be the next major shareholder derivative and D&O liability issue, regulatory, consumer, and national security threat, and class- action litigation subject to impact our ailing economy. Heartland CEO Robert O. Carr's statements do not contain any details of the breach or anything resembling an apology to consumers and shareholders. Instead, Carr gave himself a pat on the back for expanding Heartland's client base in spite of exposing millions of people and hundreds of banks to fraud and losses. "Despite the headwinds of the economy and attacks by some of our competitors, we have installed new merchants, new payroll clients and new check management clients since our disclosure of the breach on Tuesday morning," Carr stated. The press release further states "Heartland Payment Systems added more than 400 merchants to its client base in the past few days - exceeding results for the same period from last year." When Carr does finally address the breach, he seems to imply that the lapse in data security is some kind of validation of Heartland's capacity to respond to threats to its customer base and stakeholders, but only after a breach is uncovered. Carr even managed to sound almost self- congratulatory in the process: "Our energized organization called on the owners of more than 150,000 business locations these past three days to help them understand the breach and what it means to them. I couldn't be prouder of our entire organization for the way everyone has pulled together to help." Kudos Heartland? No. The congratulations should instead go to the kind of executives who are proactive enough to make sure that the measures are in place from day one of contract negotiations with the systems and security providers to insure these kinds of problems never materialize. As soon as Heartland's stock began to tank in earnest late this week, leadership chose to respond to this breathtaking lapse in security and due diligence by acting first to reassure their clients and shareholders that all was well at the company, even a bit exciting lately - what with the opportunities the new security vulnerability will give those in the payment industry to share ideas with one another. Now what about that data breach? You know, the whole reason for the press release in the first place? Little was offered in the press release: "No confidential merchant data, Social Security numbers, unencrypted personal identification numbers (PIN), addresses or telephone numbers were retrieved in what is believed to be a global cyber-fraud operation." If no critical data was exposed, what's the real problem then? Well, there are many. First and most obviously is that for an unknown period of time some consumer and merchant data worthy of encryption were exposed to hackers and thieves when the data were briefly unencrypted and encrypted again during processing, according to bankinfosecurity.com. Card reissue would solve that problem, albeit at some expense to the companies. I say companies (plural) because if Heartland's system was exposed then it can be expected that the same vulnerabilities have been exploited in systems at other companies, perhaps even in other industries with similar data security software and systems. Hence the scramble by law enforcement (FBI) and the entire financial industry to figure out what happened. Also of note is a problem that has been at the forefront of information security from the beginning: The bad guys tend to know more than we do about the vulnerabilities in our data systems because it is worth a lot of money to them. Aside from network audits and professionals who hunt for holes in security systems for a living (some of whom where at one time themselves hackers), most companies find out about information security issues after their networks are breached. Even though industry leaders can show that they spend hundreds of millions of dollars on cyber-security, more and more resources - time, talent, money, reputation - are all being lost by reacting to threats after the fact. There has been a marked increase in attempted and successful attacks on corporate, government, and military systems, yet the looming economic realities today are forcing information security executives and IT departments to try to do more protecting at less cost. This situation poses a threat to the security of I call our financial identities, which are made up of the ever-accumulating bits of electronic information that increasingly represent the bulk of our identity and net worth, which can disappear in minutes from a sharp dip in the markets, or in the blink of eye with just the click of a mouse. The economic downturn is further exposing our financial identities to fraud and exploitation from external threats such as criminally intent hackers, as well as from internal threats like budget cuts, cutting corners on security due diligence, or cash-hungry employees who may succumb to the temptation to sell sensitive datain the lucrative information and identity black-markets that thrive on the Internet. Another big problem is that despite Heartland's assurances, the company understands neither the size nor scope of the breach, let alone how it happened. "Heartland does not yet know how many card numbers were obtained. Many reports in the press are speculative," the press release states. Well, there is a lot to speculate about. Given the financial industry's record of not fully disclosing damaging information to consumers or shareholders, even as required by law, it can be expected that further details of this case will reveal this breach is much worse than anyone is letting on, especially Heartland executives. Heartland is the sixth-largest payment processor in the country, with as many as a quarter of a million payment and payroll clients, and they may be only one of many similar companies targeted in a broader criminal activity meant to defraud through malicious software known as "malware." Visa and MasterCard, who first recognized discrepancies in their own records, notified Heartland of a potential problems late in 2008. "Visa and Mastercard instructing many card issuers to offer fraud- monitoring protection, replace cards, or do a combination of both for customers whose card purchases were processed by Heartland." Visa and MasterCard wouldn't elaborate, citing an ongoing FBI criminal investigation. "Heartland should feel urgency to notify everyone who could be a victim, says Todd Davis, CEO of LifeLock, a fraud-monitoring service. "Victims are sitting naked, not knowing whether to take extra steps to protect themselves," he says. "The default should be toward notifying all possible victims," according to the Detroit Free Press. Oh yes! The victims of this fiasco - what is on the agenda for them? Heartland's press release instructs them to basically fend for themselves for now, which is a fairly typical response to consumer data breaches. "Consumers will know if their card account numbers have been used by reviewing their monthly statements. Cardholders should report suspicious activity to their issuing banks (the bank that issued the card, not the card brand). If unauthorized use is confirmed, cardholders are reimbursed for the fraudulent purchases and are not held financially responsible," Heartland assures in their press release. Sounds painless enough, but I really doubt it will be pain free for those who will have to deal with it. Not only will this be a tremendously stressful and potentially time consuming endeavor for the affected cardholders, this is also a tremendous drain on the financial resources of an already troubled industry. Heartland (HPY)'s stock value has lost more than 50% of it's twelve-month high. Visa (V) and MasterCard (US:MA) have seen similar declines. Ultimately, the lawyers will join the fray, multiple lawsuits will be filed, the costs will continue to climb, and shareholder value will continue to decline. Information and data security are essential to protecting every single individuals financial identity, and every corporation's value from falling prey to the most sophisticated forms of cyber-attack conceivable. President Obama has indicated he is taking cyber-security very seriously, going so far as to announce the pending appointment of a cyber-advisor to spearhead efforts. In this age of electronic everything, more than at any other time in history, losing data translates in very real terms to losing dollars, and that is widely accepted across most industries. Moving forward, we should also start thinking of our financial identities, our investments, our assets, and all of our wealth as really being nothing more than data. Data to be to be kept safely, not lost or stolen. Carr concluded, "Just as the Tylenol(R) crisis engendered a whole new packaging standard, our aspiration is to use this recent breach incident to help the payments industry find ways to protect its data - and therefore businesses and consumers - much more effectively." If Carr is comparing this breach to the Tylenol poisonings, a textbook commercial and consumer nightmare of epic proportion - including multiple deaths - then you know this breach is going to be something really, really big in the end. Payment Processing: Accepting Debit and Credit Cards: Running a business - whether online or retail - means being able to process your customers' payments in a variety of ways. While many people will pay with cash, a large portion of your customer base will likely use their credit cards to make purchases. You need to be ready for them by having a way to process those transactions. What's more, there is another challenge to think about when you're looking for a payment processing solution: debit cards. Debit cards are becoming increasingly popular for a couple of reasons. First, they allow your customers to avoid having to place new purchases on their credit cards. By doing so, they can elude the hefty interest rates that their credit card companies would otherwise apply to those purchases. Second, debit cards offer your customers an easy way to manage their personal finances. By allowing the payment for new purchases to be deducted immediately from their checking or savings account, they can more easily control their spending habits according to their budget. As the use of debit cards continues to grow, you'll need to be able to process payments that are made with them. Below, we'll discuss the advantages of processing credit and debit cards and why both are critical to your business. Advantages Of Accepting Credit Cards Despite the fact that more people than ever before are using debit cards to pay for items, credit cards still dominate the market. That is, a larger portion of your customer base will still be motivated to use credit cards. Further, this trend will continue into the foreseable future. From the consumer's perspective, credit cards have another advantage; protection. A federal law titled the Fair Credit Billing Act (FCBA) allows your customers to dispute fraudulent activity on their account. They have little liability in the event someone uses their credit card without their authorization. Because millions of people continue to use credit cards to buy goods and services, you need to have a way to process those transactions. Advantages Of Accepting Debit Cards The main advantage of accepting debit cards is that more people are using them each day. There are a few reasons behind this trend. First, credit card companies have begun to pull back the amount of credit they offer their customers. When people are already near their limit, this effectively removes their ability to use their credit card. As a result, they often begin using their debit card for purchases. Second, as mentioned, many people use their debit cards in order to easily balance their checking (or savings) account at the end of each month. The money for purchases is automatically taken from their account. When your customers review their bank statements, they can monitor their spending, balance their books and adjust their budgets, if necessary. As a merchant, this should encourage you have a merchant account that allows you to process debit card transactions. Over time, they're likely to become a growing part of your business and your revenue stream. Accepting Both To Build Your Business It should be clear that it's important for your business to accept both credit cards and debit cards for payment. Your customers will want to have the option of using both. In fact, some of your customers may only have a debit card. Fortunately, most banks have linked debit cards to the same network that facilitates credit card transactions. That means most merchant accounts will allow you to accept both easily. In other words, you won't need to choose. As the tide slowly shifts from one card to the other, your payment processor will be able to adapt seamlessly. Choosing the Right Credit Card Payment Processing Provider: Many small business owners are hesitant to accept credit cards because they are afraid all of the fees and equipment costs, but fees are not the only thing to consider when you are looking for a payment processor. First, think about the kind of company you want to do business with. There are banks that provide services that allow you to accept credit cards, as well as independent sales organizations and, sometimes, the credit card company itself. The advantage of working with the same bank that has your other business accounts is that it is easier for you to deal with, and there may be someone local who you can call when you have problems. On the other hand, independent sales organizations have more experience and are sometimes more flexible in the kinds of businesses they will work with. When you're shopping around and learning about the different packages that payment processing companies provide, here are some things you should pay attention to: *Reliability: Does the network have a lot of downtime? What happens when the network goes down? What kind of customer support structure do they have in place? Is there someone you can call 24/7? *Products: What different kinds of payment processing products are available? Can they help you choose what's right for you? *Extras: Does this system also process electronic gift cards, electronic checks or other methods of payment? The biggest factor that most people use to choose the merchant account company they want to go with, however, is the price. There are many different fees associated with accepting credit cards, including an application fee, the discount rate (a percentage of each sale), transaction fees and fees for sales made over the Internet or the phone. There are also fees for statements, for not meeting a minimum amount of sales and for any returns or refunds you process. Look carefully at all the different kinds of fees each company collects and what the rate is. If you're expecting people to make a lot of small purchases with credit cards at your business, you might look for the company with the lowest transaction fee. If on the other hand your credit card payments will be high, you might be more interested in a lower discount rate. It all depends on what your priorities are. A final thing you'll want to consider when choosing a payment processing system is what if any costs you will incur from renting or buying equipment. Some companies offer free equipment for credit card processing, which can be a big positive that cuts down on your up-front costs 4 Ways Branded Sales Pages Increase Your Conversion Rates When Accepting Payments Online: If you're a consultant with a growing business, you may find that you're out-growing the standard options for processing payments online, and yet are not producing the volume level of a particular service to justify the extra costs that a merchant account would require. This is one of the reasons why I was looking for alternatives payment options. Sure, people who know and trust me already, who are used to the standard options for processing ebook payments won't see a problem with being sent to a page that looks completely different from the rest of my site, in order to complete their transaction. But since my business specializes in solutions for people who aren't marketers or search experts, and who rarely pay for products online, I had to have another option. Not that I have anything against PayPal or Clickbank - not at all. But the way my business has changed has led me to find an alternative, not just a supplemental payment processor. But what's so great about having a branded sales page? And how does it increase your conversion rates? It's easier to trust the familiar. Isn't this one of the reasons people buy in the first place, because the seller is familiar, and as such, more trustworthy than an anonymous solution? More people stay with the sales process when they are familiar. Branded Sales Pages assure the client that they're taking the right steps to fulfilling their order. Have you ever clicked on the wrong thing or realized that with five windows open, you weren't sure where your place was? Abandonment rates are lower the smoother the processing experience is. If you've ever studied your web stats and seen people abandon your sales process at the checkout page, you know that this one aspect can totally kill the user experience, and sink your conversion rate. What could be more disheartening than the knowledge that you've somehow gotten all the elements to making sales perfect -only to have high abandonment at the last step. In those cases, you know it's the order page, but you don't know what to do about it. Branded Pages tend to load faster and contain similiar elements that are already on your site. Faster loading pages lower the amount of people who may leave because your page isn't loading. 50 % of Americans may be on high-speed, but there's still the other half, not to mention the rest of the world. Branded sales pages can help you enhance your brand and make the purchasing experience less confusing for your visitors. If increasing your online conversion rate is one of your New Year's Resolutions, you will want to look into a company that can offer this solution for you. Risk Assesment in the Payment Processing Industry: In the world of credit card processing service, the Credit Card Associations of Visa and MasterCard make all the rules. Banks have to be members of the Card Associations in order to issue credit cards or acquire card transactions. When it comes to risk assessment, Visa and MasterCard rely mostly on historical data. The biggest component of their risk evaluation toolkit is the probability of generating chargebacks. A chargeback results when a cardholder disputes the validity of a transaction, posted on his or her statement. The dispute sets in motion a validation process, which is illustrated in our chargeback diagram and involves all of the participants. The cardholder has to file an official dispute with his or her card issuing bank, who then returns the transaction to the merchant bank, through the Card Associations. At this point the merchant bank can either resolve the dispute, or, if they need additional information, they will contact their merchant and ask for a proof that the transaction is valid (a receipt would answer just fine). The merchant will then provide (represent) that proof, if available, and the representation will find its way through the chain back to the card issuer and their cardholder, thus resolving the dispute. Now, whether the dispute is valid or not, it generates a certain amount of expenses that the Associations will have to incur. That is the main reason for the premium high-risk businesses have to pay on their credit card payment processing rates. Naturally, businesses that transact in a non face-to-face environment, tend to generate higher levels of chargebacks. Web-based and direct marketing merchants are automatically included. Higher average tickets add an additional amount of risk, due to the larger amounts that are moved around and the resulting higher transaction fees that are generated. New merchants too add to the risk, due to their limited processing experience. There are other factors as well which can lead to some businesses being completely unacceptable to US-based merchant services credit card processing provider. For example gambling websites are extremely risky, simply because cardholders may feel like victims and dispute a charge, even if the gambling site played by the rules. Adult- oriented websites, on the other hand, are prone to generating higher levels of chargebacks, because customers may be uncomfortable to admit using their services, even if they have. The Associations require payment processors to closely monitor their merchants' chargeback levels. Credit card processing companies get penalized if their merchants' chargeback levels exceed certain limits and, in extreme cases, small business merchant accounts can be suspended. The Truth About Third Party Credit Card Processors: If you're a small business or just starting out, you may not feel ready for a merchant account. Obtaining a merchant account is not usually considered difficult, however, for a newly established business it isn't always feasible to run out and a merchant account immediately. Starting a business is often costly and risky to begin with- you do not need to go out and spend money on optional features (like a merchant account) until you know whether or not your business is going to succeed, and whether or not you'll have the need to accept credit cards from customers. Did you know there are other options and alternative methods for allowing your customers to pay you with credit cards? Companies called "third party credit card processors" do not require their customers to create merchant accounts, and yet they can be used to allow small or new businesses the ability to accept credit card payments from customers. Why Worry about Accepting Credit Cards at All? It's important that you are able to accept credit card payments from customers, however, even if you aren't feeling up to getting a traditional merchant account right now. It's been proven that businesses that except credit cards experience higher sales than those that do not accept credit cards. In fact, some companies have reported an increase of 50 to 400% in sales once they began accepting credit cards as a payment method. It also helps to establish a professional image- and for some potential consumers, it generates a feeling of trust. ("If the business is established enough to accept credit cards, they're a quality business that I should shop with"!) Home based businesses and online businesses can take advantage of a third party credit card processor instead of going directly with a merchant account if they wanted to. It allows a business to determine how many customers will make purchases with credit cards, as well as determine if more or higher sales come as a result of accepting credit cards as payments. A third party credit card processor offers real-time processing online, online virtual terminals for entering manual transactions, no maximum limits for processing amounts in most cases, and the ability to set up recurring billing. One of the advantages of using a third party credit card processor over establishing a merchant account is that instead of paying a transaction fee or a monthly fee, you pay a percentage of the sales (from 2% to 15%), and only when you actually make sales. Some merchant account providers require that you pay a monthly fee- even if you aren't making any credit card sales. By starting out with a third party credit card processor, you can judge how many customers might use the option to pay with credit cards before you go through the process of applying for a merchant account and getting everything set up. How do third party payment processors work? Once you have an account with a third party payment processor, you'll create links to your products that allow customers to order and pay with credit. The links send the customer to the third-party processing company's server, and they handle the orders for you. Payments are processed by the company, and the sales are credited to your own business- less the third party processor's commission. You receive your money from the third party processing company at established payment intervals. Typically, money owed to you from the third party credit card processing company is deposited automatically into a checking or savings account that you have set up for your business and linked to your account with the third party processor. How to Use ACH Processing to Ensure Prompt Payments: If your business depends on the regular monthly payments from your customers, any missed payment will have a significant dent on your profitability. The problem is it is very costly and tedious to continuously call your customers to remind them about payments. Worse, some customers will tell you that the check is in the mail already but actually it is not. To avoid these hassles, you need to implement the ACH payment processing system. And to protect your business interest, you can use the ATM Verify to determine if the e-check is valid or not. The ACH payment processor allows full automation of payment collection for recurring bills and one time payment. The system uses e-checks, which is actually the regular check of your customers. The difference is you need not accept the paper version of the check. All you need is to get the checking account information of customers so you can collect e-checks monthly. The ACH payment processing method eliminates costly invoicing, tedious collection calls, and other annoyances during payment period. All you have to do is to debit the payment from the customer‘s account so you can credit it to your business account. The simplicity of the process makes it a very popular payment option for recurring bills payment. To protect your business from NSF e-checks, you need to use the ATM Verify software. ATM Verify is a check verification tool you can use for all payments made on the ACH system. The software utilizes the database of all participating banks in the ACH network. It will search the account used to issue the e-check. Through this process, the software can determine if the account is in good standing or not. Once ATM Verify acquired the data, it will send instant notification for you. If the e- check is valid, then you can proceed with the transaction. If the account is problematic, you can deny the e-check issued by the customer and demand other means of payment. Some customers or clients are not comfortable with automatic deduction of payment from their account. In such cases, you can accept e-check payments by phone. For example, when payment is due, you can simply call the customer and ask for the check routing number and account information. You can input this information in your ATM Verify. Once the software determines that the check is funded, then you can proceed with the transaction through the ACH payment processor. You can now thank the customer and call him again next month. This method is less automated but you can ensure that your customer can make prompt payments every month. ACH payment processor can offer lots of benefits for your company. This payment method will ensure that your clients or customers will not fail to pay their bills to you. You can also easily verify the checking account of the customer by using the ATM Verify software. So you need not worry anymore about missed payments once you implement the ACH electronic payment processing system for your business. How to Lower Internet Fees with Online Direct Deposit Payment Processing: The Cara Debit Card online payment processing options offers new payment scheme designed to lower your internet fees. The new scheme allows online payment transfers without any per-transaction fees. Those who are often making online payments or direct deposits to employees, contractors, or vendors can attest the fact the other companies offering online payment processing charged them as much as 9% for internet payment transfers and direct deposit transfers. This does not even include the per-transaction fees and exchange rate fee on top of that. Definitely, this is more than a burden rather than the hassle-free transactions you expect from doing it online. Good news, you now have a better option with Cara Debit Card online processing options. It has made available this new online payment process to allow a party to transfer funds via online direct deposit into another account with no transaction fee. This process does not have the typical payment caps that other online payment processors are charging their clients with. Here is a concrete example, a $1,200 per day, and won‘t freeze accounts for too many online payment transactions done in a short time period. This type of online direct deposit payment system is ideal for companies that run a global network of resources especially those who need to pay resources for products and / or services on a regular basis. The Cara Debit Card online direct deposit payment system definitely beats other online direct deposit, money transfer, and internet payment processing system in the market today. The online payment processing account is accompanied by a credit / debit card that may also be used as a credit card, this card makes it easy for you to access cash, transfer the cash into a bank account using an online funds transfer, or withdraw cash at a local bank ATM machine. There are no sign up fees for this direct deposit transfer money card. Anyone can apply for this direct deposit card even those who have no bank account. Learn How to Lower Internet Fees with Online Direct Deposit Payment Processing and Much More Using the New Cara Debit Card By Visa: There are over 25 million unbanked Americans today for many reasons. The Cara Debit Card is the perfect solution to this problem. Receive Direct Deposit from multiple sources. Safety-funds are FDIC insured. Withdrawal cash from more than 30 million ATMs worldwide. Largest surcharge free ATM network, worldwide. Full online banking. Pay bills over the phone, in person or online. Full spending capabilities of Visa-worldwide. Receive Direct Deposit from multiple sources.Loadable at Visa Ready Link Load Stations and Western Union Agencies. Extend security, cost savings, and convenience to friends and family. Have a Companion Card issued to family members, in the family members name. Transfer funds from card to card electronically, anywhere in the world, instantaneously, safely and at no cost. How to Lower Internet Fees with Online Direct Deposit Payment Processing The Cara Debit Card online payment processing options offers new payment scheme designed to lower your internet fees. The new scheme allows online payment transfers without any per-transaction fees. Those who are often making online payments or direct deposits to employees, contractors, or vendors can attest the fact the other companies offering online payment processing charged them as much as 9% for internet payment transfers and direct deposit transfers. This does not even include the per-transaction fees and exchange rate fee on top of that. Definitely, this is more than a burden rather than the hassle-free transactions you expect from doing it online. Good news, you now have a better option with Cara Debit Card online processing options. It has made available this new online payment process to allow a party to transfer funds via online direct deposit into another account with no transaction fee. This process does not have the typical payment caps that other online payment processors are charging their clients with. Here is a concrete example, a $1,200 per day, and won‘t freeze accounts for too many online payment transactions done in a short time period. This type of online direct deposit payment system is ideal for companies that run a global network of resources especially those who need to pay resources for products and / or services on a regular basis. The Cara Debit Card online direct deposit payment system definitely beats other online direct deposit, money transfer, and internet payment processing system in the market today. The online payment processing account is accompanied by a credit / debit card that may also be used as a credit card, this card makes it easy for you to access cash, transfer the cash into a bank account using an online funds transfer, or withdraw cash at a local bank ATM machine. There are no sign up fees for this direct deposit transfer money card. Anyone can apply for this direct deposit card even those who have no bank account. Payment Gateway: Ensuring Safe and Secured Online Payment: Since the advent of the Internet, and the introduction of safe modes of electronic transactions, trade has begun to be conducted online. And today, we have arrived at a place where every need of ours is satiated through electronic means primarily. If you want to buy something online, you always need to give your credit card information while processing the purchase. The transaction information recorded between the seller and the buyer is also shared with a payment processor that carries out the process successfully. Here comes the role of a payment gateway for accomplishing secured processing of your credit card information online. Truly, in today‘s web-driven scenario, a payment gateway has been a major breakthrough in any ecommerce web solution. Web ecommerce solutions have recorded striking convenience through this cost effective and secured payment procedure. As a highly functional ecommerce solution procedure, a payment gateway authorizes online payments for online retailers, e-businesses or any online initiative wherein payments are processed over the web using credit cards. With the incorporation of payment gateway mechanism, transfer of information between a payment portal like ecommerce site or IVR service and an acquiring bank is ensured with utmost security. When a buyer buys products from any site online, payment gateway performs a variety of tasks for successfully locking the process. As a revolutionary and highly advanced ecommerce shopping cart solution , payment gateway can make any online shopping voyage a fun every time. As an integral part of ecommerce site design, payment gateway needs to be properly functioned before conducting any online payment between a merchant and a buyer. Today, there are a number of ecommerce web solution providers out there which specialize in payment gateway solutions. With features like fraud detection tool, prompt payments, short payment cycles, compatibility with third-party shopping carts, payments for custom made products, multiple transaction services, highly secured SSL encryption, a payment gateway ensures all the requirements which are crucial for proper functioning of any payment transaction processed online. Why You Should Not Use PayPal to Accept Credit Card Payments: Merchant Accounts versus PayPal Accounts Let's start off by clarifying that PayPal is NOT an acquiring bank nor a true merchant processor. It will NOT setup your online or retail business with an actual merchant account but only a PayPal account. There is a Very Big Difference. When your business works direct with an actual acquiring bank and payment processor, your money or "funds" are fully protected by Federal Banking Regulations. Your funds are directly deposited into your personal or business bank account within an agreed upon time frame, normally 24-48 hours after batching out. With PayPal, your money is deposited into a PayPal Account, which PayPal Fully Controls. PayPal is NOT an actual bank so they are not obligated to follow federal banking regulations. The reason these regulations are important is that they protect your business from issues like having your bank account froze for 6 months with no explanation given... (Just imagine if banks were actually permitted to do that to their customers!) Because PayPal is not regulated in the same way as a real Merchant Account, PayPal accounts can be frozen for almost any reason and without warning. The account can usually receive money while it is frozen, but the account holder cannot withdrawal any money. Once an account is frozen, the funds are often held by PayPal for months on end with Absolutely No Recourse for the merchant. Merchants finding themselves on the wrong end of a frozen PayPal account, will still have to find some way to pay their obligations and fill orders for the weeks and months ahead while their account is restricted. A domino effect occurs when a merchant's account is frozen, leaving them with No Means To Fill Orders or Pay Bills. Those orders are then disputed by customers, creating more chargebacks and the illusion of fraudulent activity on the part of you the merchant. "Welcome to the PayPal Nightmare." How Does PayPal Make Money With My Money? Currently there are roughly over 100,000 outstanding complaints at PayPal according to the San Francisco Chronicle. These disputes many times last for months leaving merchants angry, frustrated and sometimes out of business. You may be wondering what happens to the millions of dollars being tied up in these frozen accounts. Here is a short clip from an article recently in the San Francisco Chronicle that gives us some good insight: U.S. District Judge Jeremy Fogel of San Jose refused to dismiss a lawsuit that seeks class-action status on behalf of thousands of PayPal customers nationwide. A common allegation is that the company brushes off or stalls customer grievances for months and meanwhile freezes the customer's account and pockets the interest (So that's how they make their money!). No wonder they freeze so many accounts! Hopefully this article has shown you enough reasons to seek out the many benefits and protections that a true Merchant Account can offer to your business. Merchants have enough to stress about in trying to stay afloat in today's tough economy, having their money wrongfully frozen should not be one of them. Do yourself the service of setting up an actual merchant account for your business, and give yourself the peace of mind you deserve. Getting Acquainted With Merchant Accounts and Payment Gateways: What is a merchant account provider? It is a bank or company that allows merchants to accept electronic check payments and credit cards through the website they own and over an IP (Internet Protocol) connection. Account providers have been controlling the submission of payment transactions to the processing networks for several years on behalf of merchant customers through retail merchant accounts or any suitable type of account that depends on the nature of the merchant's industry. Through websites, retail stores, call centers and mobile devices, these companies allow merchants settle and manage credit cards and electronic check transactions. If a merchant wants to connect his web site to a payment processing network, it will be a difficult process and one that is beyond the expertise and technical resources of most online businessmen. That's why they need to connect to a certain payment gateway. Several companies offer the complex infrastructure and security needed to make sure a fast, protected and dependable transmission of transaction data. It also manages the routing of transactions just like a credit card swipe machine. They use the internet instead of a phone line. The good thing about this is that most payment gateway companies, otherwise termed as payment processors, are available 24/7 for processing transactions. Also, they give some value-added services to assist merchants in handling their businesses and protecting themselves from scam. Plus, they let merchants add their Verified Merchant Seal add to their websites for free to help build consumer confidence. If merchants want to manage their transactions, configure account settings, generate reports, view account statements and more, they just log on to a secure website called the merchant interface. This is because the payment gateway is a hosted solution, browser-based and does not require any software to install or maintain. Merchants will get profit by giving their clients a protected, convenient, and dependable payment method without the need to spend in the ongoing development, support and legal compliance of complicated in-house payment techniques. If you're somehow intimidated by the whole process of applying for a merchant account, let alone maintaining it as you begin to accept credit cards, don't be. It just seems complicated when you don't do anything about it. But once you're actually in the middle of it while observing the benefits it brings to your company, everything becomes a breeze. Especially these days when most companies on the Internet are accepting credit cards, the need for a merchant account and credit card provider is necessary. If you still aren't, you could be lagging behind in the race. The Most Popular Payment Options For Ecommerce Website: An eCommerce site must always have multiple payment options. If you run a shopping site, and you only have one payment method, you may be leaving thousands of dollars on the table. So what are some of the must-have payment options? Paypal. Everyone knows about Paypal. If you are not using Paypal, you are isolating a huge group of people. Paypal is a payment solution that allows its members to make payment without having to use a credit card. The credit card info has already been stored in the Paypal account. All the member has to do, is to login to his or her paypal account when making payment. That means entering an email address and a password. That is far more convenient than having to take out the credit card and enter the credit card numbers into the payment form. In the event that a customer does not have a Paypal account, he or she can still proceed with payment without having to sign up for an account. In this case, the check out process would be very similar to the usual check out process. The customer will have to enter the credit or debit card number. In addition, you can easily integrate Paypal into your shopping site as most eCommerce software supports Paypal. Google Checkout. Google is becoming a highly competitive player in the payment solutions space. Like Paypal, it also has millions of members. You can easily add Google Checkout buttons to your site by copying and pasting some code snippets. Google Checkout is especially important if you are promoting your eCommerce site using Google's very own pay per click advertising system. When you create an add in the system, your ad appears on the right hand side of the search results. If your site supports Google checkout, a small little shopping cart will appear in your ad. Visitors will know that your site supports this payment method just by viewing the ad. This increases conversion rates because payment by Google checkout is very fast and convenient. For customers who have used Google checkout before, all they have to do is to enter their email address and password (just like Paypal). There are no lengthy forms to fill up. If he or she is a first time user, a new account will be created. Conversion rates tend to be higher when you offer Google Checkout as a payment option because of the trust factor. Some customers may be afraid to make a purchase because they are unwilling to share credit card information with merchants. With Google checkout, they won't have to share private information. 2Checkout. 2CO has been around for many years now. This is a payment processor that allows you to accept payments by credit or debit cards. Unlike Paypal and Google Checkout, customers will have to fill in their credit card info when making a purchase. The payments will be sent to 2CO, who will then verify the payments. The revenues will then be sent to the merchants via direct bank transfer or check. Worldpay. This is a very popular payment processing solution that is used by many large corporations. You must have your own merchant account if you want to use Worldpay. The setup allows revenues to be sent directly into your bank account. What You Need to Know About Merchant Accounts, E-commerce, and Payment Gateways: Whenever you read about an internet venture, you see phrases like "e- commerce payment processing" and "payment gateway". If you are just getting into the field, you should know a bit about the differences between a merchant account and a payment gateway - sometimes called an "e-commerce" payment processor. If you are looking to peddle your wares on the net, then go ahead and read this article so you can understand more concerning the way payment processing works, what it costs, and the options that are there for you... Here's the basic definitions: What is a merchant account? A merchant account is a specific kind of bank account provided by a financial institution on a set contract. This will allow you to take credit card payments when conducting transactions. This is an approval-based product, that has separate fees and terms and conditions. A merchant account allows you to take credit card payments from your clients. Depending on the merchant service, it is possible that you could also be able to accept debit cards and e-check payments. For an online business, you will be required to get a payment gateway after you set up a merchant account. This will provide you with a shopping cart system with which your customers are able to buy and pay for whatever product they select. The asset that a merchant account provides is that it has the capacity to automate your business - people will be able to put money into your account on the Internet, around the clock. What is a payment gateway? - A payment gateway, exactly as the name says is the direct link between the shopping cart and the bank that processes the payment. This is generally completed online, in real time and involves authorization, processing and management of all online transactions. Immediately after the payment is authorized the organization would need to access their gateway graphical user interface in order to finish the transaction. As you can see, the main difference between the merchant account and the payment gateway is that one is the license that allows you to take payment by credit cards, and the other is the medium through which the receiving of online payments takes place, including credit cards. You should know that having access to payment gateway does not entitle you to take credit cards. The merchant account is an entirely different service that must be applied for and gotten before you are able to accept credit card payments. Keeping that in mind, many merchant providers also provide payment gateway services. A well liked payment gateway is Authorize.net. Many times when you establish your business you will be given the option of opening some payment gateways or other services with which you would be able to receive credit card payments. When you accept this offer , many times you will not have to pay for set up charges that you would be required to pay when you apply for a merchant account. Sometimes, these may be beneficial when compared to a regular merchant account if you have low sales volume. (Generally, if you are looking to do any sort of volume with your company - and I'm speculating that you are - it's better to simply obtain a merchant account of your own. It's more dependable, more affordable over the long haul, and you retain more control over the payments that are processed - also access to card/customer data) Remember, a payment gateway will rarely include the approval of receiving credit cards, while numerous merchant accounts in reality offer the set up of payment gateways as part of the extra features affiliated with the contract with you. Both the payment gateway and the merchant accounts are vital steps in establishing your online business on the way to complete automation. In fact, you may not understand how many sales you're forfeiting until you take the plunge and set up your own merchant account with a gateway... Why Payment Gateway is Necessary For ecommerce Web Solution?: n e-commerce, payment gateway is one of the most important factors that facilitate the secured processing of credit card information between an online merchant and the online shopper, as well as the payment processor. It is a physical interface or an application service that approves the payments made by online shoppers for products and services bought online. Offering a major breakthrough in ecommerce web solution, a payment gateway initiates the payment process through several step-wise tasks. When a buyer locks on a buy and confirms the order by entering the card details and clicking on the ‗Submit‘ button, the information is encrypted through Secure Socket Layer and is forwarded by the merchant to their payment gateway. The gateway takes it forward to the processor of the acquiring bank, which is further taken ahead to the card association. A payment gateway is a revolutionary ecommerce shopping cart solution that has removed all kinds of obstacles in the path of a smooth and safe online transaction, thus facilitating a progressive state for online shopping. Had it not been for the concept of a payment gateway, which of course takes into account the undeniable participation of the key players involved here, web ecommerce solutions would not have seen the light of the day by now. Not only does it allow online buyers the confidence to submit their exclusive and confidential information and pass it on without fear to a merchant, it raises the reputational quotient of bankers and card associations as well. Ever since the inception of the payment gateway, there has been no looking back for ecommerce solutions. And why not? The whole process of transaction merely takes about 3 seconds, which in itself is a remarkable feat and speaks a lot for the kind of convenience and user ability that the service delivers. No wonder, a payment gateway is a major part of an ecommerce site design, without which its business would not make much impact or even run for that matter. Unlimited Money To Your Alertpay Account: Fast and Easy Way to Make Money Seriously, who doesn't need extra money??? Being a mother of 3 children, I could always use the extra money. I enjoy being a stay at home mom but with the economy the way it is, I need to be bringing in some money. I did not believe that this works but it does!!! How would you like to have 20K in your Alertpay account? That's Right $20,000 in your Alertpay account and that's NO BULL!! "THE GUARDIAN SYSTEM" You may have heard of this program (or one like it) on 20/20 or even in the Wall Street Journal. $5... That's all it takes! I'll try to keep it short and sweet. To get started just copy this whole page and paste it in an e-mail to edit it. Simply follow the instructions below and in 2 to 3 weeks, you will have at least $20,000 in your Alertpay account. Most people respond to this program because of the low investment ($5) and high profit potential. 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Now send the other $1.00 donation and e-mail to the 4th person on the list saying "Thanks I've joined - here is a $1.00 gift". Remove the 1st e-mail address and place your address at the bottom. This moves the 2nd to 1st, 3rd to 2nd, and the 4th into the 3rd position. DO NOT TRY TO PLACE YOURSELF IN THE FIRST PLACE. IT WILL ONLY REACH THE PEOPLE YOU SEND IT TO, AND THEN YOUR NAME WILL BE REMOVED FROM THE LIST! If you do this the way it was designed, it will reach thousands by the time your name gets to the top. REMEMBER TO SEND a $4.00 dollar donation to the 1st e-mail address and the message "Please add me to your list - here is a $4.00 gift", and send an email with the words "THANKS I'VE JOINED - here is a $1.00 gift" and the other $1.00 donation to the 4th person. This lets the 4th person keep track of progress of the letter and continue to send out more emails. Now that you have paid the 1st person and 4th person & sent them both an email & a note, place your e-mail address in the 4th place. (Make sure it's the same e-mail address that you used to open your Alertpay account). This is the way you will receive payment. Okay, the only thing left to do is to mail or email out at least 20-60 copies of this letter. It is the job of the 4th person on the list to ensure there are at least 20 "thank you I joined" replies. The fourth person is the guardian of the system! If there are NOT at least 20 replies then the fourth person will keep sending the letter until there is. MAKE SURE YOU SEND $4.00 TO THE FIRST PERSON TO THANK THEM FOR WHEN THEY WERE THE GUARDIAN OF THE LETTER AND $1.00 TO THE FOURTH PERSON SO MORE EMAILS CONTINUE TO GO OUT! You will also receive thanks AND the same blessing when your name is on the 1st slot, countless people will have sent you $5.00! Keep in mind... the most you spend is 5 DOLLARS! (Remember... what goes around comes around) TESTIMONIAL: Mary Gatters, Columbus, SC: I only have one thing to say to you... OH MY GOD! I sent out 142 copies total before 20 replied, like the instructions said. Then I went on a short vacation. When I got back my account had over $32,000 dollars in it already and the money was still coming! I'm still floating on air (especially with my new car). I thought the 'guardian' system sounded cheesy, but now I realize it is the formula that makes this letter really work! THANKS! FOLLOW THESE STEPS! Step 1. Set up your Alertpay account, if you don't already have one, and send the top name (1st person) $4.00 -- DON'T FORGET to include "Please add me to your list - here is a $4.00 gift". Step 2. Send the other $1.00 and a message stating "Thank you, I've Joined - here is a $1.00 gift" to the 4th name on the list. Step 3. Remove the top name, bump the other 3 names up 1 place each and Place your name in the bottom slot. Step 4. Keep sending the letter until you get 20, "Thank you, I've joined" replies in your inbox. Please give it an honest effort, you will not be disappointed and will be very glad you did when it starts to work. Sometimes it takes 50, 60, even 100 or 200 names before you may get 20 responses, but it only takes a moment. Be creative. Remember, all you're going to be out of pocket is about the cost of a coffee with the opportunity of banking thousands of dollars into your Alertpay account! ..........IS LEGAL TRY IT YOU WILL BE SURPRISE YOU DID. Whos it Gonna Be? Paypal or Alertpay???: AlertPay vs Paypal AlertPay is just as great as Paypal. Both services allow users to send money to recipient's securely online without divulging personal account information online to the recipient. There are differences between the two online payment processors. AlertPay: 1] Considered a 'rival' to Paypal and almost similar but almost the next best thing%u2026 2] They allow transaction is multiple currencies. Per transaction AlertPay accounts MUST pay a dollar PER transaction. They also charge a flat 5% and a few cents / pence. 3] They have three different account for new users to sign up to such as a personal, premium and secured account. The secured account is a great option for those who are merchants, those owning risky businesses such as MLM, referral, mature and explicit types of businesses online. A great advantage for those merchants but if you want to have a business like that with Paypal - they forbid it. Paypal does not accept merchants with MLM, Affiliate and the like. AlertPay welcomes mostly all types of business. 4] If you're an affiliate programme lover AlertPay offers also a referral programme for those who sign up to have an AlertPay Secured Account (top Business type account). Paypal: 1] EBay owns Paypal and both services are one of the most used on the web. Paypal is widely accepted. 2] EBay sellers are forbidden to use AlertPay to receive funds. 3] Paypal automatically converts foreign currency payments into your base currency, AlertPay requires you to maintain a separate account -for EACH currency you may be dealing with. 4] As mentioned above PayPal does not allow MLM users and the like. CONCLUSION??? Well there is no harm in using both services and there is no 'best' payment processor at all. Each payment processor has something different to offer for eveyone. This is also why it is wise NOT to put '%u2026all your eggs in one basket'. You can sign up to as many payment processors as you can - you'll never know what will happen if you don't. Even more so the top 5 payment processors are considered to be PayPal, AlertPay, Moneybookers, NoChex (UK), RevolutionMoneyExchange. Sources: AlertPay.com Paypal.com Receive Unlimited Gifts: $5 Cash Programs Alertpay: With Ezy Cash Gifts you can sign up with only $5 and start receiving instant cash. There is no other cash gifting system that allows you to join at such a low rate. But if you want to receive huge amounts of money like $10,$20,$100, or even $1,000 you would simply join by giving the amount that you want to receive. So if you want cash gifts up to $50, then you simply give $50 to your sponsor. This will allow you to qualify for gifts of that amount too. It's an amazing system that works for everyone. Cash programs with alertpay have been around for quite sometime and many people have used them to receive unlimited gifts for years. The key to profiting with the programs is to not miss out on the big cash. Rich, a buddy of mine only joined at the $5 level, he told me that he couldn't afford to spend anymore than that on the program because he didn't know if it was actually going to work. Well, within the next couple of weeks he had someone sign up at the $200 level and he lost out on $195 just like that. Although he had made a good bit from the $5 level he was on he realized that he needed to upgrade if he was really going to cash in on the program. The best part of Ezy Cash Gifts is that the money is deposited instantly into your alertpay account and you can access it within just seconds of it's deposit. This means you don't have to wait and wait for someone to send you a check for the money that you've made. Is is cash gifting a scam? No, this is not a pyramid scam or MLM. This is simply giving one person a gift of a certain amount and in turn you will receive gifts from others (A lot of others) willing to help you and who want to join in on the program too. It's possible to receive multiple cash gifts of $100 or more daily if done correctly. The Ezy cash Gifts site gives you everything that you need to get started with the program. A website, tools, advertising ideas, etc... You should start getting cash in your alertpay account in no time once you put the system to work for you. E-currency Exchange: We are facing big problem to exchange e-currency. Because, no any e- currency company exchange their currency one company to another company. It‘s really a big problem. I think, now it‘s high time to start e- currency exchange with different company. If paypal & moneybookers sign an agreement, they can easily start e-currency exchange & people will be benefited for this service. But,I don‘t know why, they are not started this business. So,I am facing big problem for exchange my e-currency. At first I try to exchange with taking help of different forum members. But, its not safe. Maximum time, I lose my main balance. At last I got a site name Marketspot.cn . They are professional. But, they take high exchange rate. Here is the exchange rate of marketspot.cn: Paypal to Money Bookers – 25% service change Paypal to Alertpay- 25% service charge Alertpay to Paypal-25% service charge Alertpay to Money Bookers-25% service charge Money Bookers to Paypal-25% service charge Money Bookers to Alertpay-25% service charge Liberty Reserve to Paypal-15% service charge Liberty Reserve to Alertpay-15% service charge Liberty Reserve to Moneybookers-15% service charge But, for safety, I always use marketspot.cn service. Because, they are sister concern of Expent USA LLC. Expent USA LLC is one of the reputed companies in web industries. Besides, they have 24 hours USA based phone support. So,I use this site for exchange my e-currency. After some days later I got some coupon code. I start use this coupon code & now rate is really flexible. The Coupon code: Alertpay to Paypal- alert10%off –If you use this coupon, the service charge is 15% only. Alertpay to Money Bookers- alert10%off - If you use this coupon, the service charge is 15% only. Money Bookers to Alertpay- extra5%off-- If you use this coupon, the service charge is 20% only. Money Bookers to Paypal- extra5%off-- If you use this coupon, the service charge is 20% only. Liberty Reserve to Paypal-- extra5%off-- If you use this coupon, the service charge is 10% only. Liberty Reserve to Alertpay-- extra5%off-- If you use this coupon, the service charge is 10% only. Liberty Reserve to Moneybookers- extra5%off-- If you use this coupon, the service charge is 10% only. How to use this coupon? Just type this coupon on Comments box. You will get this discount. Problem of marketspot.cn: They take up to 24 hours time to completed total transaction. But, they take maximum time for reply you. After they receive payment, you will get you payment within 2-3 hours time. I hope, you will enjoy very exclusive E-currency exchange service. Life after the Cash Leveraging System: The demise of the Cash Leveraging System left many people disappointed, frustrated and angry. Once seen as one of the best choices for cash gifting, it was sadly reduced to a mismanaged sham. Apart from not providing administrative support, the website owners failed to ensure there is sufficient bandwidth available to its users. So, predictably it crashed each month and left members with no site to promote. As a former member of TCLS, I became dubious about online wealth systems and those who administer them. I was frustrated at the situation I'd been left in but couldn't afford to dwell on it. Instead, I decided to be optimistic and view it as a learning curve. It was the opportunity to move on to something bigger and better. For me, the biggest regret with The Cash Leveraging System going down was that I loved the concept. There is someone quite special about a low entry cost leading to power of exponential growth. Those are the features that made the program stand out from the other options and it was those same things I sought in a replacement program. I'm now glad to say that I've found it: The Oversized Cash System. I believe the Oversized Cash System (OCS) has taken all the good aspects of TCLS and developed a more sophisticated model with even great earning potential. There a number of clear advantages that now make this the best cash gifting choice of its type: 1. - Entry cost of only $17 compared with $25. 2. - Member downlines extend six levels instead of five. 3. - Superior back office with marketing tools, member and website traffic reports. 4. - Full details of commissions earned and payments received. 5. - Genuine administration support. 6. - A unique 'twist' will explode your income. Aside from all these improvements, the features that we loved about TCLS are all still there: 1. - Transfer of gifts is done safely and securely though Alertpay. 2. -Membership is limited to six months so the community recycles itself and never runs out of members. Rejoining after this period is no problem. 3. - The social networking forum that was once linked to TCLS has now been dumped in favour of the Oversized Cash System. Existing member logins have been retained so advice and marketing ideas are always available. So, if you were a member of TCLS and seeking a better option this is it. You already have your Alertpay account and you can redirect your existing domain name to the new site. That way, you maintain your professional image in the market and much of your advertising work will remain valid. The Oversized Cash System is still relatively new so now is the ideal time to join and build your downline. Don't judge a whole basket of apples by one rotten one. Make a fresh start and enjoy real success with this genuine and exciting opportunity! Best wishes, Can you make some money with a little work?: Well, it's a hell of a difficult question... First, what does it mean less work? Equally difficult to answer.Some believe that working less is to work up to 2-3 hours per day, while others, more conscientious, believe that they are working less if they spend 7-8 hours a day at work, in front of computer or anywhere else where they can earn money.The problem is reduced to how you can win, working to a minimum. Now comes the second part. Quality of the work you can perform, which is linked very closely to your skills, and to the number of gray cells that you have. One is to dig an irrigation channel and another is to spend those 5 hours in front of a computer, developing a web design project. In the first case, you'll be paid less than $100 for your physical work, while for case 2, where you have used your brain in much greater measure, reward or payment is about 10 times higher. Well then, what would be the logical conclusion? Yes, you can make money with little work, provided that it be quality and requires the full capabilities of the brain that works. Let's take into consideration some PTC sites (Paid To Click). Nothing simpler. On that kind of sites,you are requested that, once enrolled on them, to make some clicks on ads displayed there in various forms (banners, links), each click is worth a certain amount of money, usually small (if higher, for example if you go 1-2 $ / click, more than likely that the site is scam), that you can win, doing that click. After a certain period (usually after 24 hours), you can repeat these clicks and this is how every day you add at your account on the site an amount of money you can get via PayPal or AlertPay processors. Of course, that amount of money is not very large, but it is according to the work that you have submitted. It's not very hard to sit in front of the computer and do some clicks, not as a web design work, right? So do not expect to gain much from a work so simple... But we can complicate a little the situation, so that, putting your intelligence to work,we can easily grow those incomes.What if we win simultaneously on more sites,on a daily basis? Or more, what if we put others to work for us? If you want a great list of ptc sites, check out my site for pay to click programs Global Money: an age where online transactions account for a large chunk of business, it's important for both the customer and the business to be protected. John Taylor Editor of Website Creator takes a look at a number of secure payment mechanisms and payment gateways that will help you take payments from your customers. Whichever way you look at it, when a customer pays for a product online they are placing a lot of trust in the online business. As with any commercial transaction, there's a chance that the item may simply not appear; or that a fraudulent payment is made. Crucial to your cash flow are payment gateways. These work in two ways: first by creating a virtual currency that can be used without the customer exposing their credit card or bank details to non-secure servers or traders, and second by adding an extra level of confidence to the buying and selling process. The ultimate purpose of a gateway is that the user can assume the money‘s as good as in the bank, whereas, in reality, that‘s only true until something goes wrong. So how do some of the main gateways compare when it comes to security, compensation and dealing with complaints? Let‘s take a quick look at six possible alternatives, and what they have to offer. PayPal www.paypal.com PayPal now has a user base of over five million, although it remains free for buyers and free to set up for sellers. It does, however, have surprisingly few commercial partners outside eBay. PayPal‘s Buyer Protection Scheme seems to be better organised than most, and provided all the necessary emails are sent within 45 days, it offers users protection on deals that go bad for up to £500. Nochex www.nochex.co.uk Nochex had the early advantage of being one of the few gateways that accepted UK debit cards, back in the days when credit cards were rarer and PayPal US-only. Since then, Nochex has become a niche supplier to ‗adult‘ markets, something many gateways try to avoid. This means that fewer people are aware of its superior fraud cover, which includes no charge back fees and an admirable guarantee to underwrite all money deposited in your account, regardless of whether it is subsequently retracted. Its advantage to sellers lies within its fee structure. To accept payments through Nochex, considering the level of protection offered, is extremely cost effective. It's used in many cases as an alternative to PayPal. Amazon Payments www.amazon.co.uk Arguably, the most secure gateway, as no person-to-person transaction (that‘s Amazon ZShops, Auctions, Marketplace or Advantage) can take place without it. Payment transactions are covered by a £2,000 guarantee – one of the largest around, and rubbed in by the fact that non-Amazon transactions are only covered up to a measly £150. The other beauty of Amazon is that the close integration of all parts of the site means that decisions on refunds and compensation can be near-instant. ePDQ www.epdq.co.uk A relatively new player but with a very big owner (Barclays) and a slick, business-like site that does a good job of asking loads of information about your business (including your annual turnover and staff numbers), without revealing anything of its own compensation or fraud protection cover. A permanently-engaged sales hotline suggested that Barclays may have to rethink its ‗sign up before we tell you anything‘ approach if it is going to make the same kind of impact with smaller traders as it has with blue chip ones. There also seemed a disappointing lack of commercial partners with whom you could use the scheme, although it is admittedly early days. We‘ll keep an eye on this one. WorldPay www.worldpay.com WorldPay already has around 40,000 customers worldwide, and being owned by the Royal of Scotland lends it instant credibility. However, levelling a £10 chargeback every time you‘re a victim of bad debt sounds typical of big-bank attitudes to small-user problems. For a little extra, the Customer Guarantee will underwrite all bad debt losses and overall security seemed lock-tight, as you might expect with commercial partners like Vodaphone and Sony. ―With WorldPay‘s standard service,‖ explains the blurb, ―the use of cardholder authentication schemes, security codes and address checking enables you to check the cardholder‘s identity online. This tries to make cardholder-not-present purchases as secure as face-to- face purchases.‖. Western Union www.westernunion.co.uk Cited by many forums and auction sites as the biggest problem gateway, in fairness Western Union‘s model was designed for a very different purpose – to ‗wire‘ money from one trusted party to another. By definition, this means that once the money has been collected it‘s gone, with no trace of the person who collected it, no record of any goods to be returned in exchange, and no compensation or fraud protection. Western Union itself warns of the danger in uncompromising terms, with no arbitration service, no compensation and the tersest of instructions as to what do in the event of a fraud. ―Western Union‘s business is to transfer funds from a sender to a receiver. We caution people who use our services against sending money to people they don‘t know. It is the sender‘s responsibility to know the party to which the funds are being sent." netCash www.netcash.is The fact that netCash are providing a micro payments service is nothing new. However what they have developed and launched in terms of payment avenues and security are nothing short of revolutionary. As with PayPal and Nochex, netCash can be used as a means of paying for your auction wins on eBay. The company homepage, at www.netcash.is, includes a detailed tutorial on how to go about it (and we'll be looking at this in the next issue of eBay Advisor). At its core, netCash is a means of sending and receiving money without having a debit/credit card or even a bank account! Unlike PayPal, there are very few fees in this process - to receive a payment will cost nothing (in comparison with a PDQ whereby the bank will take a commission, or PayPal which charges per payment received as well as a commission on your final value fees through eBay) but to convert the payment to physical cash will cost 50p. One area in which many secure payment gateways fail in the eyes of the retailer is chargebacks. With Barclays charging £10 as well as the value of the chargeback for money you're perfectly entitled to; this can be a major problem for businesses. netCash should not suffer from that problem. There's no credit card involved - it's dealing solely with web accessed digital currency branded as netCash from a leading registered UK bank that anyone, regardless of age or circumstances can use. The netCash member must have at least the amount necessary in order to complete a transaction You can convert cash into digital currency ‗netCash‘ in less than 48 hours. From the sellers point of view, this means that the buyer really is who they say they are; and they're using money which they are entitled to use. From the buyers point of view, you can be certain that any payments made are for the amount you specified and that no further payment can be taken without your authorisation. Security is paramount for netCash. The company have employed 128-bit true encryption on the site itself; and this is verified by VeriSign through a link on the site itself. If you lose your login details there's a verification procedure that can take several days. It's therefore advisable (as with any financial details) to ensure that your login details are memorable. If you write the details down, keep them safe and secure at all times! From eBay Advisor's point of view this can only be a good thing. To be given access to your money easily would provide a means for others to access your money; and ultimately that would miss the point somewhat. At the netCash end, the company has designed the system with an intricate architecture to ensure that your money is always safe. From the user's point of view, the bank account is ring fenced from the company and hence in a worse case scenario the money can be accessed. To redeem your netCash, bank details need to be provided to the company. While some have their reservations about this; the details required are no more than you'd find on a cheque and they don't allow anybody access to your account. They do however allow payments to be made to your account. The bank details provided to netCash are sent manually to their bank; the process can take about five working days (due to the current banking regulations) but only needs to be done once. The result of this is that netCash are, to the best of their abilities, avoiding the use of netCash in the purchase of unethical products. When you wish to redeem netCash, to withdraw the payment as cleared funds to your bank account takes a maximum of 48 hours. This via the BACS system - no different to how you are paid for your day job. The cost for this is 50p; regardless of the amount you transfer to your bank account, turning digital currency back into physical cash. netCash are intending to grow rapidly. They are in the midst of discussions that will see the payment mechanism used by a number of blue chip companies. Consider making payment for mobile phone top ups; using your mobile phone and that's a small scale example of what will shortly be possible. None of this requires a credit card - or credit of any sort. To make the payment, your netCash account needs to be in credit. To credit the account with real cash costs 2% of the amount plus 50p on any amount. In comparison with the costs of PayPal, Nochex and the other payment mechanisms covered within this feature netCash is extremely competitive. It's got a dedicated and enthusiastic team that's growing behind it; with faith in their product. If you contact the company, you'll speak to a real person who will deal with your issues quickly and without fuss. Given how difficult it can be at the best of times to contact larger companies we can but hope that netCash continue in this vein. Royal Bank Of Scotland Speeds Up The Sell-Off: JP Morgan will still buy the European operations of the commodity business in addition to the international oil-trading business. However, the US operations of Sempra, which carry proprietary trading in commodities, will not be acquired following the regulatory concerns. RBS acquired the 51 percent majority stake in Sempra in 2007 when it bought a stake in Dutch bank ABN Amro. The stake sale is also a condition on which British government bailed out the bank with GBP54 billion of taxpayer‘s money. RBS is under tremendous pressure from British regulators to cut down its business portfolio. Out of the 54 countries RBS operates in, the bank is forced to cut its exposure in 36 countries. RBS put Sempra on block in December 2009 as part of its efforts to raise GBP3 billion. The bank announced to have reached in exclusive discussions with JP Morgan as recent as January 2010. However, the negotiations were quickly followed by US President Obama coming up with plans to reduce bank‘s risk taking capabilities prompting JP Morgan to stall the negotiations. Despite RBS losing money in most of its operations, Sempra remained profitable and the American gas and power division contributed heavily towards the profits due to the proprietary trading business model. Now the bank is reportedly considering selling the American operations to Sempra Energy which controls the remaining 49 percent in the joint venture. After the stalled stake sale in Sempra joint venture, the bank is trying to sell its payment processing division, WorldPay. The business is understood to have received interest from 45 parties. RBS WorldPay has the distinction of being the largest payment processing firm in Europe and the fourth biggest globally. Reuters reports that the business will potentially fetch US$4 billion. Private equity firms including Silver Lake Partners, Kohlberg Kravis & Roberts (KKR) and Advent International are in fray to acquire WorldPay. Apart from the private equity players, JPMorgan and U.S. Bancorp are also interested. Majority of the big players already own full or a part in payment processing firms and further acquisition of WorldPay will boost their business prospects. Besides the payment processing division, RBS is also forced to sell 318 branches by European regulatory authorities. Among the interested parties are National Australia Bank, Santander and Virgin Money. Online Payment Processors – Who To Use For Taking Online Payments: We take a look at some of the most well known payment processing systems, and give you a little more information about them and look at our top five payment processing systems for your business. PayPal – Probably the most known about payment system on the Internet, everyone has used or knows someone that has used PayPal, whether it be for paying for goods on EBay or sending money online as a donation, PayPal is one of the most used payment methods around. PayPal is a very secure online payment method, which allows your clients and customers to pay you or your business quickly and easily without sharing any of their financial information. Google Checkout – One of the most recent payment options that we have been using for our customers is so easy and quick to set up that it has become one of our most favourite options for clients. The fees are really competitive and if you use Google Adwords, you will also have a little "secure checkout" logo added to your adverts, which we have seen for our clients an increase in orders, because the general public trust Google as a brand and will use them where they can, even if it is for paying for goods online! SagePay – Previously and most commonly known as Protx, this payment processer is one of the leading payment options in the UK and Ireland. They claim to have well over 25,000 customers and have been in existence for many years, offering competitive rates and secure payments, that are seen as one of the leaders in the industry. The integration of this product can be quite complicated and the setup can take time to get just right, but when you do, you will have one of the leading payment processors on the Internet. Nochex – This leading and independent UK based online payment company, specialises in working with smaller online businesses and providing them with a very simple, accessible, easy to use, online payment service. If you are looking for a 'complete' and flexible online payment package, then you will find their range of services exactly what you are looking for, as they are have been around for some time and offer all kinds of payment options and the peace of mind that you can rely on them. RBS WorldPay - RBS WorldPay used to be simply WorldPay, but is now part of one of the UK's biggest and most established banks. The system allows you to accept all types of credit and debit cards over the Internet, and they also have a fantastic little system that lets you take payment over the phone via a merchant control panel, something we have found really useful and very cost effective. Alipay is introduced into the wholesale, alibaba.com synergies effect appear: Alibaba.com that provides e-commerce services for inter-firm transactions re-upgrades mode; it introduced Alipay providing secured transactions to third party into Alibaba.com platform the first time. In order to promote small online wholesale trading, Alibaba.com experimentally launched "Ali-Express" wholesale platform in the international market in the third quarter of 2009, which provides convenient, safe and reliable online transaction services for buyers and suppliers. And then Alibaba.com introduced third-party security trading pattern provided by Alipay in this platform. At present, the "Ali-Express" has opened for members of China, the supplier to pay a nominal fee after each successful completion of online transactions, which make this product as a strategic development rather than a short-term revenue growth engine. Financial report Showed, Alibaba.com in the quarter, have launched a Chinese station small online wholesale platform and Ali-Express pilot version which make the global retailers purchase products direct from Chinese suppliers. Alibaba.com China‘s wholesale platform for small online stations has been supported by a number of members. The problem reflected by many buyers that cannot find a small amount of wholesale business in the past is resolved. At the same time, in cooperation with Alipay, small wholesale platform further protect safety of commodity trading and integrity environment of the Internet. Through the development and promotion of Alibaba.com and Taobao.com cross-platform, more web retailers, especially big sellers on Taobao.com has been gradually recognized the value and benefits of Alibaba.com small online wholesale platform. Alibaba.com said the small wholesale platform, Alibaba will continue to gradually enhance the user activity degree and usage amount of the wholesale platform, and expand the industry coverage and product categories, which will bring more benefit to small and medium businesses. As a promising young website focusing on international e-commerce, epathchina.com always pays attention to the leading Alibaba.com. Epathchina.com considers, under the 2008 financial crisis, the small wholesale began to emerge as a new force. Alibaba.com develops new products "Ali-Express" following responding the crisis. From the epathchina.com point of view, to enable inter-enterprise small transactions more convenient, and provide better value proposition for small businesses, as a third party secured transactions, AliPay has become an important aid to this product. Alipay president Shao Xiaofeng: competitive landscape is not shaping mobile payment - Paypal, Shao Xiaofeng, mobile payment - Communications Industry: Senior vice president of Alibaba Group, Alipay president Shao Xiaofeng 10 afternoon of the 20th message, Alibaba Group's senior vice president, Paypal accepted Tencent Technology President Shao Xiaofeng interview today, said Mobile Payment industry has just begun, without any obvious pattern of competition. Shao Xiaofeng, said three years ago, foresaw the future Mobile Payment is a development direction, when we think of nuclear equipment or the whole industry, hardware conditions are not ripe, but formed a team to study and explore. Late last year, opening up of national policy, the major operators to actively expand and accelerate the development of mobile payment. He disclosed, Paypal has already developed 6 different operating systems for mobile Alipay client, the current volume of transactions each month are multiplied. In addition, Paypal and a number of mobile phone manufacturers Cooperation , Will pay the treasure built into the phone. In fact, now facing competition Alipay not small, on the one hand is the other third-party payment companies actively launch mobile payment, on the one hand several major domestic carriers are also active to launch its own mobile payment services. "I think what is not there yet competitive landscape, the industry is entirely new industry, I think this industry is just the early stages of development, need a lot of business from their own advantages to promote the development of this industry, I think today industry is not pattern. "Shao Xiaofeng said. (Paper / wood water) Artesyn Technologies dialogue Alipay president Shao Xiaofeng: Tencent Technology: Good morning you, in today's "2009 China Retail Summit, digital products online," during which we invited a senior vice president of Alibaba, Alipay president Shao Xiaofeng, welcome the arrival of the first issue Alipay is one mobile phone to pay what extent do? Shao Xiaofeng: 3 years ago, foresaw the future of mobile payment is a development direction, when we think of nuclear equipment or the whole industry, hardware conditions are not ripe, but formed a team to study and explore. Late last year, opening up of national policy, the major operators to actively expand and accelerate the development of mobile payment. The future is a very fast development stage, we specially set up a complete team, dozens of people, basically pre-development planning to post the complete independence of a line structure, we hope to pay for wireless Internet access should not be in the original up the development of the Internet model but to fall back, first go to see the needs of the Internet is not the same place, fell back to see how we do, half a year we have made great progress, we have made in the payment of rapid external growth We developed a plug-in, developed six different phone operating system. Tencent Technology: Most of the systems are supported? Shao Xiaofeng: has supported, multi-phone operating system, which one do not particularly large, from a technical point of view to take care of all of the operating system Alipay, the application of the above, apart from cooperation with Taobao, but also with some operators have cooperated and now, almost double the growth of each month, whether the user or the transactions are double the growth, development prospects are very good. Online payment expand abroad markets to attract overseas buyers online shopping: Online payment is seeking to "launch abroad" to expand external markets. Reporter yesterday learned that the most frequently used online payment Alipay now opened VISA card payment business in China Taiwan region. Business users in Taiwan using credit card with the VISA logo can pay directly through the Alipay to shop in Taobao.com online shop. In addition, the Industrial and Commercial Bank of China has recently released an online offshore VISA card remittance service. 18 foreign banks join Reportedly, Alipay has opened VISA card payment services in Hong Kong, China. At present, 11 supporting Alipay VISA card payment Taiwan's regional banks, including Chinatrust Commercial Bank, coupling with the 7 Hong Kong banks, and the total number of foreign banks supporting Alipay VISA card payment have reached 18. "Although the Alipay has been clearly dominant domestically that accounted for about half of the third party payment market share, Alipay‘s greater ambition is to compete with the status of an international boss." As a peer of Taobao.com basing on oversea market, Epathchina.com said, currently, Alipay has broken 200 million users, day trading reached 4 million, but the short slab is that Alipay day trading amounted to 700 million Yuan whose size is less than PayPal. ICBC‘s cross-border remittance easier The Industrial and Commercial Bank of China‘s personal web bank has also launched the first brand-new offshore VISA card remittance service. Customers only need to know the recipient's VISA card number, name and other basic information, and they can apply for cross-border remittances of U.S. dollars, euro, British pound, Japanese yen and other 13 major currencies, which is not only easy to operate and receive fast with cheaper charge for remittance than similar services. At present, the business temporarily only available in Beijing, Shanghai and Shenzhen pilot launches. Introducing this service is conducive to domestic buyers to do small online shopping overseas. Attract overseas buyers to purchase Erenow, Alipay cooperated with Bank of China; AliPay would help domestic users resolve the funds flow problem of domestic users on cross-border online transactions. At present, the service supports the dollar, euro, yen and other 12 major currencies, covering hundreds of overseas websites in Hong Kong and Taiwan, Japan and South Korea, occident countries these dozens of countries and regions. Alipay president Shao Xiaofeng, said e-commerce must be global, not only for Chinese buyers paying out, but also allow foreign buyers to buy in. "Now, the idea of Alipay was to use Taobao.com platform to attract overseas buyers." Although it is good strategy and opportunity, as a peer competitor, epathchina.com pointed out that the fake problem has always plagued Taobao.com, which is especially valued for overseas buyers. Whether Taobao.com does big or does regular, or Alipay strives for overseas market development, eliminate bad credit is the primary problem sellers should resolve.
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