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Paypal or Merchant Account
By: Ratliff J, Tue Feb 7th, 2006
So, you have an online business, or at least plan to. How to
accept payments? You have heard of Paypal, but have also heard
different opinions of Paypal. Most people will tell you that it
is hard to do business online or on ebay without Paypal. Not
true. I am an Ebay PowerSeller, and I do NOT accept Paypal. Why?
I have been screwed by them more than once - 3 times to be
exact. I simply cancelled my account and took the loss. I am
glad to say that I switched to a merchant account, and am very
happy with it.
One of the main reasons I hear from people for using Paypal is
because it is so easy and quick to sign up. Honestly, signing up
for a Merchant Account is not that hard. Once you sign up online
with a merchant service, they usually call you within a few days
to finalize everything. The good news, a merchant account is
cheaper than Paypal.
Why Merchant Accounts?
Does Walmart or Target take Paypal? No. Consumers recognize Visa
and Mastercard logos, but believe it or not, some consumers have
no idea what Paypal Is.
Does Paypal really provide a guarantee? Not really. if you have
ever had a problem with them you know this very well. They use
their Terms of Service to get out of most problems and leave you
hanging.
Is Paypal Cheaper? No, they are more expensive. Even with paying
the merchant fees and the internet gateway fees, my fees are
still much less than before.
I hope you will consider looking into a merchant account for
your online business.
Learn more about merchant accounts at
Foovy.
About the author:
J. Ratliff has been doing business on the web for 5 years.
