Secure Option for Small and Medium Businessmen

Secure Option for Small and Medium Businessmen

Unfortunately growth is on line trade is matched by corresponding growth of parallel profession of internetfraudsters. To compound the problem further, the legal infrastructure, in most countries to cope with net frauds is in its infancy. Electronic contracts that have been issued have not tested the judicial waters.

Getting a merchant account is not easy for all. It is an expensive proposition, in terms of initial set up costs to have secured huckster proof network and security levels have to grow to keep pace with growing threat perception.

Then how to evince consumers interest to transact on the net with a sense of security? You must study the users opinions and terms of the credit card processors. , having more than 85 million active accounts and presence in more than 55 countries, is a fast, easy, cost effective, trusted and globally preferred method for on line shopping. It is practically having a merchant account, credit card processor and payment gateway all rolled in one. No recurring fees, free anti fraud tools, no set up or gateway fees, free merchant and eBay tools and with transaction fees starting from zero, for small merchants does offer a virtual merchant account at a fraction of the cost. Though for small customers, its rates may seem higher, but for high volumes customers, it can be cheaper by about 10% than merchant account. For example, for a merchant with turnover of $1 million thru , while its standard merchant fees could be $29,520, including various annual charges, charges would be $26,550.

A Good Solution for Small and Medium Businessmen and Professionals

With , you need not have any web site, payments can be received using email account, and even your customers need not have a account.

If you are auctioning some thing on line, can take care of automatically notifying the winning buyer of ending of listing with back link to listed item. also takes care of your shipping needs. It offers you tools to calculate shipping costs, create shipping labels, track delivery, pay for insurance for shipped items etc.

has also tied up with Yahoo and you can now build, set up and manage your own ecommerce web site using Yahoo Merchant Solutions including sitebuilding tools, easy tools to manage your orders and inventory, and much more.

also helps you fight unjust charge backs by buyers.

Restrictions to Accept

has some restrictions on items that can be traded using it as the sale of counterfeit items, gambling activities, child pornography etc. Money can be sent, free of cost, to recipient in 55 countries, where is being accepted in US / Canadian / Australian dollar, Pound sterling, Yen or Euro.

It Helps You Earn from Referrals Too

also helps you earn money by referring it to your friends. also offers you to install a safety bar free for a month to safeguard against spam and malicious emails purported to be through account, but after initial period of one month, you will have to pay for it. Should you enter a dispute with seller regarding quality or content of goods, you can approach dispute resolution specialists with . has also acquired Verisign Payment Services and has added industrys leading tools for payment protection.

has Its Critics Too

Though, has loss rate of less than 0.5% which is remarkably down when compared with Master Card or Visa, has good number of critics as well. Major reason for the grouse is that with you lose your rights under consumer protection laws. They also complain that has inserted a term to take funds form your bank account to ensure a recovery against you.

Worst charge against it is that if someone pays you with a stolen credit card, your account is immediately flagged as being criminal behavior and any money in that account is confiscated!

In fact in a lengthy public trial, opted to settle out of court and pay $9.25 million and walk away from the entire allegation as it feared that judgment may force it to change its questionable practices.

Allegations and critics notwithstanding, it is a fact that has become a global leader in online payment solutions worldwide. With its renewed focus on customer satisfaction, it should be able to regain its lost ground.