Three years ago I was doing some work for a local university helping to redesign an internal website they wanted updated and made more user friendly. When the job was done the person I was doing the job for wanted to use his school issued credit card to pay for my services.
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Having a product, a website, and a shopping cart isn’t enough. Learn the various methods available to allow your customers to do that most important thing in ecommerce, pay you.
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If you’re an online business who uses Paypal as their third party payment processor, there is a danger lurking which could cost you dearly. Know as instant bank transfer, this option lets buyers withdraw money direct from their bank account, to pay for goods or services they have bought.
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With advancement of the Internet, online retail business or e-commerce is flourishing. More and more shoppers are turning to the web for their purchases and shopping needs. At this point of time, any online business that does not allow its customers an easy checkout option, is a failure. Online customers prefer shopping with minimum of hassles. Also credit cards have made online shopping easier. Shoppers are more willing to deal with businesses that offer credit card payment options to their customers. Even businesses that have a bad credit history can opt for credit card acceptance services especially for bad credit, for their websites.

Online payment gateways enable a merchant to open an account with them that accepts payments on the business’ behalf. Having the option of a credit card payment on your website also opens the way to shoppers from across the continent to shop from your website. Also, a payment gateway enables the merchant or the business to accept payments at any time of the day, making it all the more convenient for both the business and the customers.

With a global payment account, the merchant does not need to worry about multiple payments and currency problems. A good merchant account service provider takes care of that. Some merchant account providers also provide a free shopping cart facility that is added to the website. It enables the shoppers to have an easy checkout. The only problem which a business faces is while opening a merchant account.

Most of the credit card acceptance service providers or merchant accounts do not have many criteria for account setup. They have well defined guidelines, rates of interest and all other monetary issues clearly mentioned on their websites. Some have a lower setup fees, some have option of multiple cards acceptance, while others may have some other extra benefit.

However, sometimes a business which has a bad credit history may have a problem in opening a merchant account. The payment gateways might consider the business as a threat and refuse to accept credit card payments for merchants with bad credit. But now there is no need to worry. With so many competitors around, most of the payment portals are offering services to the clients even with bad credit history. They are more willing to offer the payment facilities to a merchant. Also with a merchant account, there are fewer chances of fraud and false chargeback incidents. Most of the modern payment gateways offer a very secure transaction facility for both the business and there customers.

Businesses can easily opt for a good and secure credit card acceptance service even if they have bad credit history. Most payment gateways are able to cope up with risks and are willing to take up high risk and bad credit merchants as their clientele. They accept credit cards even with bad credit. For bad credit and high risk businesses, the fees and charges are a bit higher than usual.
Before choosing a payment portal, businesses must make enquiries about acceptance of credit cards and all other issues. They must make it clear to the service providers that they have a bad credit history.

I am a home-office-mom-soon-to-be and came accross your long-sought article “Using-Paypal-for-International-Users.” I’m skeptical with opening a US account via Malaysian-based firms, and I’m thinking of registering for iKobo. Now you’ve had your experience with iKobo, so I’m hoping if you can share some of it and advise whether iKobo is the right choice when it comes to money transfer ease for clients and fund withdrawal from local bank, say Maybank or HSBC.
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