Sunday, March 10, 2013

Credit Card Payments


15/15
  • It seems relatively easy to start using Google Checkout. Just adding a few statements of code into the website HTML page can insert the checkout option right to your website. 
  • The charges are as follows: 
    • Monthly Sales through Google Checkout - Less than $3,00 costs 2.9% + $0.30
    • $3,000 - $9,999.99 costs 2.5% + $0.30
    • $10,000 - $99,999.99 costs 2.2% + $0.30
    • $100,000 - or more costs 1.9% + $0.30
  • An additional 1% fee will be added when products purchased are different from sellers billing country. 
  • More help from Google: Google Adwords (advertisement), and Google Wallet (help with buyers who leave their checkout cart without buying). 
  • PayPal: Customers don't need a PayPal account, it is an easy set up, with no programming skills required, and no setup or monthly charges. 
  • Fees for PayPal: depending on monthly sales - PayPal charges between 2.4%(higher number of sales) and 3.1% (lower number of sales) + $0.30. Slightly higher prices than Google Checkout. I might go with PayPal though because I have heard of more people using PayPal and they all really speak highly of it. 
  • PayPal allows you to create a nice button to add to your website that says "Add to Cart." 
  • I love that the fees are relatively cheap. 
  • I love that both are pretty simple ways of adding the credit card option to a website (PayPal seems easier since you don't have to dig into the HTML document.
  • I love that both are large companies that most everyone trusts. 

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