If you own an online business website or e-commerce enabled website, chances are that your website is generating online revenue. This means that you must sell products, services, or information online. To make transactions online, a website is required to accept credit card payments.
You can start accepting payments online via https://www.onepagepay.com/.
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While opening a merchant account is the traditional way to achieve this goal, it is an expensive proposition especially for small businesses that are just starting on the Internet.
The last few years have seen a revolution in the case of online monetary transactions. The third-party has joined credit card processing services and has simplified the process of accepting online credit card payments.
Traditional merchant accounts on the other hand can be an expensive option as the merchant will have to pay a fixed monthly fee regardless of whether they are selling online or not.
On the other hand, with third party credit card processing services, the merchant has to pay just a small percentage for every sale or transaction, and therefore he only pays when the sale occurs each time.
So it is advised that if you start a small business online and when you are not expecting a big sale, opt for third party payment services.
You should consider opening a merchant account only when your website starts selling more online.
Perform mathematical calculations and compare fees for each transaction method and then decide which model to choose