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And now, on with the tutorial... Some thoughts on accepting payment online As with any online venture, credibility is vital to the success of your ebook business. It doesn't matter whether you're selling your own original titles or titles with resale rights, if you don't give off an aura of credibility and reliablility, your business will suffer. Nowhere is this more important than in your online payment system. If your customers fear that there's any risk involved in entering their credit-card details on your site, then they will not enter them. Complete security is absolutely essential, and your customers must be sure that this complete security exists. The other crucial factor in any online ordering system, is that it be both easy and quick. With those points in mind, let's look at putting a secure, easy and quick payment system on your site.
In the normal scheme of things setting your website up to handle receipt of payment by secure credit-card transaction can be both complex and expensive. Usually you need to have the following components in place to set up a secure shopping place online:
There are many ways you could approach putting these four basic components in place. You could, for example, buy shopping cart software with built-in credit-card authorization facility, open a merchant account online, and use the secure payment gateway offered by your webhost (if they offer one). Alternatively, you could open a merchant account with a local bank, pay an annual fee to get your own secure payment gateway license, use the shopping cart provided by your webhost and use a service like Authorize.Net to verify the credit-card's validity. In short, there are many ways to approach setting yourself up for e-commerce, and, even for a small budget there are solutions available.
Until recently, no matter what type of e-commerce setup you opted to put in place, the one thing you were required to have was your own merchant account. A merchant account is an account with a credit-card clearing bank which facilitates the transaction of funds from the customer's credit-card account to your bank account. Setting up a merchant account can be tricky business. And if you're not careful it can also be expensive. Now, however, you can start selling online without the need for a merchant account. In fact, not only can you begin selling without needing a merchant account, but also without needing shopping cart software, a secure payment gateway or a credit-card authorization service. This can be done thanks to the advent of order fulfillment services known as third-party processors. With these services, just about anybody can start selling online in no time at all, with a minimum of fuss and with no technical know-how whatsoever.
The principle of third-party processors is quite simple. The processor becomes the merchant (i.e. the business that is selling the product) and you become a supplier to the processor. Your customer pays the processor for the product and the processor in turn pays you for supplying the product. The processor charges you a percentage of the sales value for each transaction. Because you're not selling the product directly to the customer you don't need a merchant account, credit-card authorization or a secure payment gateway. The processor takes care of all of this, because it's they who are making the sale. In fact, all that you need to do to get set up, is place a simple hyperlink on your web page (or e-book or newsletter or whatever) that the visitor clicks to order the product. This link will have your product information 'built into it' and will lead the customer to the secure payment gateway on the processor's server. In the secure payment gateway the customer enters his/her credit-card details as usual. Once the payment has been authorized the customer is taken to your 'Thank You' page where he/she can download your e-book. Most processors will send you a confirmation e-mail every time you make a sale, and you can also go online and view sales reports for your product. These services will also take care of refunding your customers if they're not happy with your product or if they dispute the purchase. In fact, they'll take care of just about every aspect of the selling process, leaving you time to get on with the altogether more satisfying job of promoting your business. The processor takes a percentage of every sale made, and sends you pay-checks for your products on a regular basis (usually every week, every two weeks or every month). Thanks to this payment structure you can be sure that your e-commerce system is only costing you money when you make a sale and, instead of having hundreds or thousands of customers, you have just one -- your payment processor.
This is an overview of some of the main third-party processors operating on the Internet. ClickBank PayPal Other processors
Once your customers have paid for your e-book, they'll be directed to a page on your website where you thank them for their order and give them the book they've just ordered. Basically, this is the 'delivery' side of the e-commerce setup. To learn how to set this up click here.
When you buy the resale rights to an ebook or software, you usually get a sales page to go with it. In most cases you'll get the page, together with any graphics it contains, packaged together in a ZIP file. To get that sales page online and making money for you, just follow this procedure...
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