Residing in a rustic where obtaining a credit card is as simple as buying out a local news daily in the nearby grocery store one would be easily able to capture an industry of plastic money holders. The power of plastic money extends beyond boundaries of nations and is indeed the most closest step to globalization. To this I'm reminded of a quote "Think Global, Act Local" policy.
The majority of us know that the any internet business that sells virtually any products is definitely an international one and it has no boundaries unless it is a one that has high volume tangible products.
The web has made millionaires of people more then other things in the past century which is still a little true these days as well. Diligent work, honesty and consistency is paramount to any business and any virtual business is no exception.
What one really must cross the boundaries for a virtual clients are a payment gateway or a merchant account whichever one might refer to. Though there is a difference but it is not important to what we are discussing about.
There are several payment gateways and one could find it really tiring to look through Google for getting the best one out of hand. One should keep in mind that here we are talking about a payment gateway as a company is a third party whose services you can integrate into your website so your clients are capable of paying you for the products and services virtually and digitally. The payment could be through credit cards, coupons or other means accepted by your 3rd party payment gateway. Here I would like to list a number of the payment gateways I'm most familiar with, apart from the many services available.
1. PayPal - PayPal is really a number 1 selection of mine for various reasons, its simplicity and it is simplicity of use must be the most popular ones, and also you do not need to register as a business proprietor to avail this particular service. However, you have to keep in mind that PayPal does have its drawbacks too. The fees of processing the instalments could go as high as 5.5% per transaction and they do have a transaction limit places on each registration which may be increased by credit card verification, address verification and then bank account verification. PayPal offers with API services for individuals who wish to go deeper into developer services and it does integrate well with many shopping carts including the free ones such as Agora. Apart from this it does have its very own shopping cart system if someone may wish to use it.
As well as that it will have withdrawal options to the bank account as well as the charge card.
There are a few countries though where PayPal is not yet available and it is mentioned on there website, although payments can be accepted from most of the countries. Recently there has also been some restriction in the RBI in India on PayPal though its not very clear yet.
2. 2Checkout - 2CO is easily the most preferred payment gateways by the giants with all its packed features it will possess a few drawbacks. One needs to be a registered business and has to pay a 49$ setup few per account. There are strict rules of the items can be sold and what not. Do checkout the website for details.
Withdrawing an amount from 2co is a bit tedious and it has to be done through a cheque or bank deposit though its done each week it must meet the release level and pass verifications.
The user is presented needs to enter their detail select the possibilities after the transaction has ended. 2co can also be integrated with all types of shopping carts and software. I've personally used this to purchase stuff on the internet several times and delay pills work like a charm. Their support system is extremely good.
3. Moneybookers - This is a European payment gateway service which can be used by those who are getting Euros. You may create product listing utilizing their own shipping cart system and employ its buttons in your site. The transactions fees are very high again and there is a cap on the transactions that you can do each month. The limit could be raised through their verification process.
Your customers have to be registered to pay though moneybookers and it does accept bank transfers in addition to credit card payments.
4. AlertPay - This can be a Canadian company and has basically the same system as PayPal though much less popular. I've been knowledgeable about their professional services and also the shopping cart software integration part has been easy and the transaction fees don't differ much with that of PayPal. Few individuals opt for AlertPay instead of PayPal too.
An individual account with AlertPay has limitations which can be raised for an extent through some verification process while the Pro account comes complete with features like: Mass Pay, Integration tools and website payment methods. To ensure the pro account one might need to submit several documents as well.
AlertPay does not have any country restrictions and also have their very own shopping cart system as well as API integration and so forth. It would be personally my best choice as an alternative to PayPal at all.
Apart from all this you ought to really locate a vendor that is secure as well as your customers feel confident and secure in giving out their financial details to.