Online Payments: What Next?

In the last in Lucy Langdon’s “online payments” series, she talks about what to do once you’ve initiated the payments on your website.

What Next?

Start doing some serious research. Online reviews are a good place to start. Use your common sense when it comes to spotting fakes and don’t be afraid to ask questions in forums and on blog posts.

The best way to accept credit card payments online is to partner with an online payment processing company that will provide a merchant account and payment gateway.

You should also arrange to speak to your bank to find out whether they’d be able to supply you with a merchant account. If they say yes, don’t immediately leap at the offer – if you’re a startup, they’ll probably see you as quite high risk and there might be better alternatives available, but it’s still good to know.

Setting up a payment system on your website can seem a bit overwhelming, particularly given the risks and costs involved. There’s no getting around the fact that it’s a very confusing area of commerce, but fortunately, there is a lot of neutral information available online. The most important thing to remember is that this is absolutely vital step in the growth and success of your startup, so it’s worth spending that day or two of extra time needed to make sure you get it right!

Lucy Langdon works for Merchant Account Forum, a website that helps visitors find the right merchant account for their business, including UK merchants & international merchants.

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