Simple Solutions To Overcome the Headaches Of Membership Site Payment Processing
Payment processing for membership sites can be a headache. Every member has a different renewal date, their products to pay for, subscriptions to upgrade, security to consider and of course you want it to be easy for your customers. Here are a few simple solutions to make your life easier and more profitable too!
Practical Payment Processing
Credit Cards
By far the most common method of paying a membership site subscription is by credit card. To accept and process credit card payments, you need to open a particular type of account known as a merchant account. The advantages of having your own merchant account include quick payment processing so you receive funds without delay, and not having to pay any processing fees.
However, you may not be able to open your own merchant account for the following reasons;
• Having a poor credit history
• Living in an area where merchant accounts are not issued
• Not having enough transactions initially to justify the account
In any of the above cases you could consider using a third party merchant account processor.
These take two forms.
1. Using online billing solutions such as Click Bank and the PayPal shopping cart can be one alternative to opening your own merchant account.
2. A number of hosting services such as BizHosting and Hostway offer free merchant accounts.
PayPal
Many online businesses now feel the need to offer the option of paying through PayPal. It is thought to increase sales as customers see it as more secure than paying by credit card and it is a quick and easy way to subscribe for the millions of internet users who already have a PayPal account set up.
Tags: Payment Processing, Paypal