A Guide To Receiving Online Payments

When you are working on the Internet, you may have clients who would like to pay you for services rendered. You may also set up a Paypal account in order to sell products and services. In either case, there are certain things that your business or service provider will need in order for an online transaction to be successful.

If you are a merchant, this article will explore some of the steps that will help ensure both parties' satisfaction with the online payment process. It is important that these steps be followed so as not to cause problems with other transactions at Paypal or your credit card company's site.

The easiest way to receive payment for your services is to set up a Paypal account as a way of accepting credit cards and eventually direct deposit. Paypal is free, very easy to use and virtually effortless once you get the hang of it. You can also send credit card information by fax or email. If you are selling products, find out if you qualify to accept personal checks directly from the customer. This will likely make your transaction easier and faster. You can also set up a pre-paid Visa or Master Card account in order to take payments over the phone as well.

Once you have your account set up, don't forget to advertise that you accept online payments. If you are selling items, include this in the item description and in your auction or storefront description as well. To receive payments for services, let people know how they can pay you. You may simply list your Paypal email address on the invoice or offer a few alternative payment methods such as checks or credit card information via email or fax. Letting potential customers know that you accept online payments will help ensure they reach out to you instead of finding another service provider who accepts online payments directly; especially if more than one of your competitors offers this convenience.

Also keep in mind that once you have the funds from a transaction, you should deposit the money into your bank account as soon as possible. Sending a check with the Paypal payment is not an instant transaction and will most likely take some time to process. If you are selling items, either ship them as soon as possible or send out a revised invoice with the payment attached. You may also want to be sure to invoice on a monthly basis even if no payments have been received so you know which month has funds remaining from which point on. Otherwise, depending on how soon previous payments were deposited, you could be left short of funds and lose out on future transactions for an indefinite period of time.

Once you have set up your business for online payments, you will find that it is one of the most convenient ways to accept payments without having to purchase expensive equipment or do much work. Other than setting up your Paypal account, making sure you invoice in a timely manner and deposit funds as soon as possible, the process is simple and hassle-free. Online payments are the wave of the future, especially once they are accepted more widely by merchants and sellers across the globe. Businesses like Paypal are paving the way for easier online transactions which will make life easier for everyone involved. Don't let yourself be left behind; take advantage of these easy methods today!

posted by: http://www.dailyarticlesworld.com/a-guide-to-receiving-online-payments that's a great article. i hope you enjoyed it.

posted by: realtysingaporeproperty at December 23, 2012 10:51 AM

Good Information For Receiving Online Payments

http://paypalblog.co.uk/receive-online-payments/

http://blogs.kpmg.ca/canada/2009/05/01/how_to_make_money_online/?goback=%2Egde_282364_member_5810150415216199052#%21

posted by: http://cityofantiochpropertytaxesoffice.

Conclusion: A Guide To Receiving Online Payments

It's simple to do business online if you follow a few easy steps. You may have clients who would like to pay you for services rendered. It is important that these steps be followed so as not to cause problems with other transactions at Paypal or your credit card company's site. Once you have set up your business for online payments, you will find that it is one of the most convenient ways to accept payments without having to purchase expensive equipment or do much work. Other than setting up your Paypal account, making sure you invoice in a timely manner and deposit funds as soon as possible, the process is simple and hassle-free.