When should you get a Merchant Account for an Internet Business Website? About half of the Internet businesses I consult are new websites. They have never had any sales from their website, many of these are product sites and many are services, and some are affiliates.
One of the biggest challenges for these startup websites is that they don’t know which merchant services are the best ones to choose for their early stage company. So many internet entrepreneurs have the attitude that they will just figure it out because they are smart enough, and they research all of the merchant accounts out there, set up a gateway, get the best deal they can find, and away they go on some monthly merchant account fee (plus set up of course), and they have yet to get one sell.
These entrepreneurs SHOULD have sought out some consulting BEFORE making this decision. I have saved many clients hundreds and thousands of dollars by using Google Checkout and Paypal as very good alternatives for shopping carts. These do not cost you anything until you get sales. Integration of the code onto your website is as simple as a little bit of HTML code. I have used Google Checkout and Paypal on many of my sites. It is a great solution for websites that have not yet proved their business concept online. Low Cost, and a great way to test your business before you sign up for a Merchant Account for an Internet Business Website.
The best advice I can give first time Internet Businesses is to get advice from those who actually have successful Internet businesses, not those offering merchant or similar services!
Tags: Internet Business Website · Merchant Accounts · New Website1 Comment
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Advice: Avoid Wells Fargo merchant services like the plague. Worst banking experience I have ever had in my life.