PayPal Alternatives: Do You Have a Backup Plan?

Many of our e-commerce clients start out small, running a business from their home oftentimes and aren’t sure how to collect payment over the Internet. While helping them with their Internet marketing and Search Engine Optimization needs are of vital importance it would be of little use if money wasn’t being collected. We recommend Paypal for many of these small entrepreneurs, but there are other options. PayPal Alternatives: Do You Have a Backup Plan? Many people think that in order to do business online you need to have an expensive merchant account to have the ability to take payments by credit card from your customers. Nothing could be further from the truth. Merchant accounts can be hard to get and the monthly fees can really add up. So what’s an honest Internet Entrepreneur to do? The answer for most is Paypal.com. It’s easy to set up an account, and fees are low and depend on your monthly sales (for most it will be 2.9% and .30 per transaction). You’ll find most Net users trust and use PayPal for their everyday purchases, so they won’t have a problem using it on your website to purchase from you. However, relying solely on PayPal.com for your business can be risky. Should you ever lose your PayPal account or you have it “frozen,” your online income will come to a screeching halt. You need a backup plan; another way to accept payments — or you’ll have to close up shop. This is the same thing as relying on one stream of income. If you lose your job your only source of revenue dries...