The Companies for Free and Low Cost Merchant Accounts or Online Payments....
What’s Merchant Accounts?
These are accounts you own with online
payment processing companies. If you want to sell
online, you need at least one. People marketing
affiliate programs do not need one.
The affiliate master handles all payment issues.
As with anything else you do online, you want to
make sure the merchant you choose delivers on the
things that are important to what you want and/or
need. In this day and age, it is important that your
merchant account offer Real Time Processing. This
means having immediate credit card verification the
same time the order is processed. The customer will
know if their credit card was accepted or not.
Real time processing is very important if you are
selling digital products. Digital products demand
instant download and gratification. You don’t want
to find out later that your customer’s card was
not accepted after they’ve downloaded your product.
Below are my recommended merchant accounts:
ClickBank offers merchant account to people
selling digital products (e-books and software)
online. It has all in one solution for billing,
marketing, and affiliate management. Using
ClickBank gives you access to thousands of
affiliates to market your product. They will bill
the customer, pay you, and pay the affiliates.
ClickBank charges merchants a one time fee of
$49.95 and 7.5% plus $1.00 for each sale. If
your product is priced at $50.00, you will need
to sell at least two in you first year to get
your Return On Investment (ROI). In fact you
will have a profit of $45.30 for selling only
Click the above link to join ClickBank.
PayPal is a very popular merchant account
processor. It is especially great for beginners.
Most people offer it as secondary online account
to go with their other merchant accounts. This
is a way of giving customers more payment options.
PayPal is free to setup, which is one reason it is
ideal for beginners. They do charge business
accounts to receive payments. Their charge is from
2.2% + $0.30 to 2.9% + $0.30 of payment you receive.
Since they only charge you to receive funds, you
do not incur any expenses until you make a sale.
This makes your initial Return on Investment (ROI)
Click the above link to check out PayPal.
2Checkout is a good online merchant account. They
handle digital products and hard goods. The only
thing is that they do not handle affiliate
program. If you want affiliates selling your
product, you need to go with someone else.
2Checkout charges a one time setup fee of $49.00.
After that they charge you 5.5% + $0.45 for each
sale you make.
If your product is priced at $50.00, you will
need to sell two in your first year to get your
Return On Investment (ROI). Your profit will be
$47.86 for selling only 2 products.
Click the above link to check out 2Checkout.
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