Online payment systems

There are quite a few options to make online payment but it is hard to estimate which one is the best and safest. Whatever you plan to buy or to sell on the Internet, except credit cards you need to consider online payment processors as well. If you are new to the e-commerce business and you do not plan to spend more than a thousand dollars a month, you will need a third party processor.

With a really credible online payment system, you can pay and get paid instantly. There are various payment services which allow you to set up your e-commerce store and to accept online payments in various modes. When you consider which one to choose, except the fees, you should have in mind that online frauds pose a very serious threat. You try to protect yourself by getting latest security and fraud prevention tools.

A big advantage of using an online payment processing company is the fact that you can save a lot of time because you will not have to worry about such things as obtaining authorizations or making sure that the payments are credited. On the other hand, you should not risk using the services of payment processors without good reputation. You need to make you own research to choose the best option for you.

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Brief overview of the costs of electronic payments

Online payment systems normally have similar pricing structure and their unique charging elements. A few have monthly or annual administration fee but the most of the internet payment processors do not charge for the time you keep your money in their accounts. It is strongly advisable that you examine their specific structures in details before you register in any of them. You can find the product information on their sites in their terms of use.

The cost per transaction is the main source of income for every payment system. A few of the providers charge a percentage on each transaction and a few of them have a flat fee or a combination between them (for instance Moneybookers charge 1% but not more than $0,50).

The specific costs of each product depend on the average transaction value of each specific business। The other important factors are: online turnover transaction, perceived security risk, exposure level, frequency and the period the company has been trading.


The UK is the European leader in Electronic Payments

Accepting electronic payments is very essential to all kinds of modern business. According to Office of National Statistics the UK is currently Europe's largest e-commerce economy where almost two-thirds of consumers have tried online shopping.

According to the latest information the value of Internet sales has risen by 56% only between 2004 and 2005, and from £66.2 bn it has reached £103.3 bn. Whereas the proportion of businesses selling online has risen significantly by 22% from 12% of businesses to 14.6% of businesses.

Benefits of Electronic Payments

Electronic payments benefit you and your business by mainly by reducing your costs and extending your customer base. It is important that like your competitors, your business can offer a wide range of payment options. This way you will not need invoices, cheques and cash. Costumers may be allowed purchases that otherwise would be delayed. Even small discounts to encourage online purchases improve the perception. And rationally looked if you do not offer the full range of payments including the most popular online options but your competitors do, what would this say for you in the eyes of the costumers?

Electronic payments increase profitability because they remove administrative resources required by invoices, cheques and cash. They can use credit cards to enable instant purchasing. Payments at the time of purchase are reducing the well known pressure caused by long invoicing. You can enjoy the open payment channels via the phone, mail and Internet and at the same time increase your customer base. And of course more customers mean more revenue. If you match and beat the services of your competitors you would gain the edge.


PayPal allows you to send and receive online payments conveniently and cost-effectively

PayPal allows any business or individual costumer to send and receive online payments only with an email address. Their network is built on the existing financial infrastructure of bank accounts with credit and debit cards and it creates a global, real-time payment solution. Their mission is to deliver a product which is ideally suited for small businesses, online merchants and individual.

Mainly the size of their network has helped them to become the leading payment network for online auction websites, including eBay. PayPal is used at any type of e-commerce sites for sales of goods as electronics and household items. It is common practice offline businesses such as lawyers, contractors and physicians to receive payments online through PayPal. PayPal is a inovative service which lets internet users to send payments for free.

Sign up for PayPal and start accepting credit card payments instantly.

E-GOLD in exchange for any national currency

The e-gold system is the only system designed to be absolutely free of financial risks. There should be no debt or contingent liabilities associated with this on-line currency. Because of this, E-gold Ltd does not possess any kind of national currency and has no bank accounts in any bank. E-gold Ltd is not in position to offer currency exchange services to its costumers. For this there is growing number of independent exchangers around the world which are supporting exchange between the national currencies and e-gold. Accepting various remittance methods such as credit cards, checks, bank wires, money orders, and other online payment systems to proved comprehensive service.

Moneybookers -the truly universal destination for enabling the most secure and convenient digital money transactions

Moneybookers aims to be tomorrow's first really universal destination for the most secure and convenient digital money transactions assisting people and businesses to connect in real time anywhere.
The mission of the organization is to be a highly competitive and trusted banking alternative which provides millions of internet users worldwide with the opportunity for online shopping and transfer of money in a reliable, convenient and secure way. They focus on providing the highest possible level of reliability and transparency. Moneybookers are trying to provide their costumers with an international, entrepreneurial and innovative environment which will deliver the most value.

The main benefits are:
Unrivalled pricing
Real-time money transmissions
Borderless as Internet