A way of reaching a global customer base is through an online store. E-commerce is increasingly becoming a standard for every business. An online store software could easily create the Website which shows different products or services to choose. Online payments are done through major credit cards and payment solution like PayPal.
The backbone of every e-commerce business Website is the online payment processing. Aside from credit card payments, PayPal is an online payment solution provider that is widely accepted. The online payment is processed fast and easy. The only lacking part for PayPal is it requires people to have a PayPal account before they could use the services.
Website that accepts online credit card payments would be ahead of the competition as more prospective clients will be reached. I have inquired from a local bank of the possibility of using their payment gateway to accept credit card payments, but the requirements are tough. They somehow cater only to registered businesses. Thus, for a small entrepreneur, there is no chance to be able to set up an electronic commerce site.
Merchants should have a trusted online payment processing system that is having a good online fraud prevention solution. I could see that PayPal’s latest API release known as Website Payments Pro would allow a low-cost, all-in-one payment solution acting as a payment gateway. Thus, credit cards and PayPal payments could be directly accepted on a Website. It’s a very nice feature as the customers need not own a PayPal account to pay for the merchandise online.