After my two-part article about selling things on your website, I had several people ask for more details on billing companies and shopping carts. So here goes.
If you were to Google for billing card companies, you’d find out that there are thousands of places out there. Most of these companies have set up a merchant account for their own companies, but added the right to accept payments for other companies. So any person with a merchant account, who pays the extra fees to accept other company’s payments, can sell their services online.
As with anything else, online or offline, be sure you know who you are doing business with. Be advised that I have only dealt with CCNow and PayPal. The other companies I talk about I have not used myself, but they are popular on the Internet. Still check them out well to be sure they offer the services you need.
Of course, you could always set up your own merchant account, but unless you are doing a lot of sales, I wouldn’t suggest going this route. When you set up a merchant account you have to pay a set-up fee, annual fee and a fee per transaction. They will also charge a fee if you want a credit card machine. You have to sell a lot of items that are making you a lot of money, to make this profitable. A company may also require you to sign up with Verisign to ensure your site’s security. If you live in an area with a Sam’s Club, I would suggest checking them out. They have the lowest fees of any merchant account company that I have been able to find. Costco also has good prices.
When you are looking for a billing company, you