Profit Cherry

3rd Party Payment Processing

The easiets way to accept payment (credit cards) online is to use a 3rd party payment processor. These are companies and services that handle all of your credit card orders without you being involved. These serve an extremely important function on the Internet because:

• Not everyone can get a merchant account on their own.
• Easy to set up. Can literally take minutes.
• Typically there is no fee to have the service. You only pay when someone purchases a product through them.

ClickBank - You can use this service to get your payment processing for electronic products or services started in only minutes. Also, they have a wide base of affiliates that can help sell your product. They will handle all of the commissions too. I highly recommend this service because they handle all of the credit card processing and supply you with a virtual army of affiliates, professional marketers and promoters, right from the start. I make a nice sum of money every month from ClickBank, both promoting products, and selling my own.

PayPal - Accepting payments using Paypal will allow you accept credit cards for almost the same rate as true merchant accounts, but without all the hassle and credit checks. Their rate is around 2.2% plus 30 cents per transaction, very competitive. As you can tell, I really like this option when you are starting out or if you need to sell physical goods (as opposed to electronic goods).

Merchant Accounts

Merchant accounts are much more advantageous when you are doing a high volume of transactions. I don’t recommend doing this at first. Many times there are term commitments, etc. that make this difficult to do unless you have already established your business. Do a Google search for the best ones.