Process Credit Cards Online – Online Shopping
October 26th, 2010 | 
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There are a variety of ways to process credit cards online today. One of the most famous websites that helped drive this effort began with the launch of eBay in association with PayPal. eBay’s quick integration with PayPal accounts had made online shopping/e-commerce easier than ever. The convenience of online shopping is rapidly changing the way we make purchases, orders, sales and business in general. A person could literally survive and obtain all their needs without having to go outside of his/her house. This has been made possible by the digitization of money.
To be able to make credit card transactions online it is only required to obtain a merchant’s account. Electronic commerce has also become very popular today, and there are two types of them: Business to Business, and Business to Consumer.
The most widely used and most popular e-commerce business is PayPal. In order to transfer money from a PayPal account all you need is a debit card/credit card to transfer the funds directly to your bank account. To open an account you can just visit http://www.paypal.com/ and click on “sign up.” After filling out the required information you will be sent an email and will be given instructions to confirm your bank account. The way PayPal does this is by depositing a very small fraction of a cent into your account, and then requires you to type in the exact amount to confirm that you have access to the bank account that you have entered. After that it is pretty intuitive to create invoices, and to process credit cards online.
When using PayPal, you must be careful and be aware that when receiving a payment from a customer you will be charged a fee of 2.9% if using credit. You will not be charged a fee if you transfer directly between bank accounts.
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