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ECOMMERCE
Ecommerce means doing financial transactions on the Internet, this can be using a simple form that sends email for the order being placed or an online shopping cart system. Other factors to consider are secure transactions and real time payment processing. These services can range in price from free to thousands of dollars depending on your needs.
Step 1 - Choose a shopping cart to use and decide how you wish to process the payments. If you choose a cart system with payment processing built in (an all in one solution) you are ready to go.
Step 2 - Choose a merchant account, so the money you receive can go somewhere.
Step 3 - Choose a payment gateway, so you can process credit cards within your shopping cart or even manually. Sometimes a merchant account and a payment gateway are one in the same.
If you have less than 10 products a form will do the job easily. This form can
be submitted online and the order is sent to your email address. You can then
check the order and process the credit card using a normal merchant account from
your local bank.
If you have more than 10 products, you might want to consider a shopping cart.
Shopping carts are designed to handle large quantities of items and will keep
the process organized.
If you wish to process your orders offline manually there are some pros and
cons. It may take more time, but each order can be carefully monitored. It
usually costs less than an online merchant account. Alternatively you may
wish to process orders online using a real time Internet Merchant account. This
usually will cost transaction, setup and other miscellaneous fees. The order is
accepted, the credit card is verified and the money is deposited to your bank
account at a later time.
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