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Small Business Taxes Gone Wild In California

I estimate that 99% of Californians do not understand the implications of the new small business tax that Governor Jerry Brown signed into law yesterday. This law would mandates online sellers like Amazon.com and Overstock.com to start collecting sales taxes on items shipped to California if they have some sort of relationship with an affiliate. [...]

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Linkedin Company Page Follows the Leaders Facebook and Yelp

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Let’s assume you’ve already set up your own Facebook profile and a separate Facebook Page for your business. Maybe you’ve also created a Facebook Group that relates to a type of product or service that your business provides. What are some ways that you can promote the special events your business sponsors? One way is [...]

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How to Remove Antispyware Soft

Marketing online is fraught with risks. One category is business risk. The other category is technical risk. Business risk is when you try to execute a digital marketing strategy and it fails. Technical risk includes the risk of not implementing your websites and/or scripts correctly. But technical risk also includes the risk from cyber-attacks. One of the most common form is viruses pretending to be a friendly program ... like a trojan horse. This blog is about how to remove Antispyware Soft. … Read More...

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How To Accept Online Credit Card Payments Through Your Website

March 10, 2008 By Alex Tran Leave a Comment

Once you have your business plan and strategy in place you may have to get a programmer to make customized payment software that will enable you to process online payments.

If you have all this in place you will need to contact an “Acquiring bank” to complete the infrastructure. The problem is that you will have to confirm to a strict list of preconditions the banks lay down in order for a business to qualify for their online services.

It is possible that the bank you have your corporate account with may just refuse you access to their online payment services. The checklist of preconditions is sometimes endless and you will do well to ensure you satisfy all the requirements before applying to any bank.

You will need to provide the bank with details that include: the nature of your business, where you expect the cash to flow in from, explain the details of all your products and services, assure the bank that you will deliver the products and services, explain your terms and conditions for online transactions, give a detailed estimate of your turnover, how many credit card or debit card transactions you are expecting,

** See how difficult it becomes **

You will also need to give the bank details of the secure server you intend to use, and if you do not own it you are likely to be turned down. The list goes on an on.

In the end, many online merchants choose to set up an online merchant account with a third party service provider. This is invariably free to set up and with the least trouble.

Setting up your site to accept online payments is in fact, easier and faster using free payment processors than it is applying to a bank.

Filed Under: Online Payments

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