Do you offer more than one payment method for your products?

[steitieh]

Hi there,

I have some digital products in the $10 - $50 price range. I would like to offer my clients the choice of paying it all up front, my current shopping cart is allow Paypal only

If you're offering these products online, can you please share me what payment methods should you use? and why?

Thanks in advance!

 

[Lee06]

Hello,

I think it always a good thing to give more choice to customers. I think customers are more confident because they think you are in partnership with many payment processors.
I recommend you to have at least Paypal and another Credit Card processor, for example your bank.

 

[Greylin]

I just work with Paypal for my article writing service.

 

[DavidFeldman]

I highly recommend using multiple payment processors. One big reason is that sometimes a client's credit card will fail via PayPal and even Authorize.net but then work on 2CheckOut.com. That's especially true for non-US cards.

 

[Ron Killian]

I only use Pay Pal. Why? It's widely accepted (many people have PP accounts), it's easy to use and hook up to just about any site or system, piece of mind because all the financial details are on PP's site, not mine, and last but not least, I can get my money at any ATM any time. I can also call them any time if I have a issue or question. They've always had great support.

Do I lose sales because I only use Pay Pal? Sure I do, but it's not great amounts. I feel it's a good trade off for the above. And honestly, for some (maybe most) who can not pay through pay pal, they probably can't pay though other options anyways.

And Pay pal does have the option to pay with most any credit card or debt card without needing a PP account.

You DON'T want to take credit cards or use your bank as mentioned above. That is a BAD idea. Taking credit cards means your site stores credit card details, which means if your site is hacked, you could be held responsible for other peoples personal financial details. If Target and Home Depot can get hacked, do you think you stand a chance of not getting hacked? The bad guys are looking to get into to any site, big or small.

Plus, if go with your bank, that means a merchant account which means a credit check, higher fee's, and again, your probably storing credit card details.

Also, when you spread out the payment options, it could take longer to get your money. Some places take a week or two to give you your money.

Years back I tried Google Wallet, or what every it is being called today, and got stiffed on two out of three orders. Maybe they've changed, but I have not had a good experience. Last I heard they don't even have phone support.

For th average person looking to sell some things online, Pay Pal is a great option. If your talking about big business, then yes, other options should be explored. But for most who work from home, it's not worth adding to many different options.

Of course I am not a payment expert, just my opinions. If I am wrong or some one want's to add an intelligent reply, please do

 

[DavidFeldman]

You DON'T want to take credit cards or use your bank as mentioned above. That is a BAD idea. Taking credit cards means your site stores credit card details, which means if your site is hacked, you could be held responsible for other peoples personal financial details. If Target and Home Depot can get hacked, do you think you stand a chance of not getting hacked? The bad guys are looking to get into to any site, big or small.

For the sake of clarification, most if not all major modern shopping carts do not store any credit card details. It is true that the credit card details are submitted on your site and then instantly transmitted to the CC processor and so it's possible to hack into your code and intercept those details, but this type of attack is more complicated and far less common.

Plus, if go with your bank, that means a merchant account which means a credit check, higher fee's, and again, your probably storing credit card details.

Here you're misinformed, I'm afraid. The reseller I use (and recommend) for authorize.net accounts sets up the merchant account for you and it does not involve a credit check and the fees I pay there are actually a lot less than PayPal's.

 

[squeeze]

In our company we have a lot of payment methods.We do this for our client's or customer sake and it's good for business