With the coming Christmas, one can’t help but feel the need to do business this time of year. If you are an Internet user and savvy in e-commerce, selling online is one way of earning this holiday season.
At the minimum, one must have a website showcasing the products the seller is promoting. The most common predicament of online entrepreneurs is how to accept payment.
Like any traditional business, an online seller can accept payment in cash or check given in person or through bank deposit. However, if your buyer is from overseas, this is where credit card online payments or money remittance service comes to play.
Here are some of the practical solutions that one can utilize today:
- Smart Padala
This service is very much new but catching great attention. The rate
being charged by Smart is only 1% or one peso (P1.00) for every one
hundred pesos (P100) on the part of recipient. Upon receipt of payment
notification, the online seller can go to SM Department Stores,
McDonalds outlets, SMART Wireless centers, among others to encash the
remittance. Accepting payments online has never been this convenient
and cheap.
- YesPinoy.com
If the money sender is short in cash and wants to send payment using a
credit card, another alternative is YesPinoy.com. This site charges
the buyer 6% everytime he or she sends an amount. The seller will get
a SMART Money card and use it to withdraw the money. Another similar
service of this nature is href=http://xoom.directtrack.com/z/6/CD364/>Xoom.com.
- Ikobo.com
For accepting payment directly through credit card, an online seller
can sign up as a merchant at Ikobo.com. For every transaction, Ikobo
charges only 2.99% plus US$0.29. The online seller can withdraw the
sale on the next day from any ATM machine that accepts Visa Electron.
Please note that all ATM machines today have bank charges for local
and international ATM transactions. For Ikobo, it is US$1.50 for every
withdrawal.
There are a lot of considerations that you have to take once you start going to a full online business. From web site hosting, affiliate/consumer marketing, advertising, payment, fulfillment, legal responsibilities/liabilities, among others. But the choices are very much available and friendly unlike before.
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