Why Your Business Can?t Succeed Without Online Payments ECommerce Articles | August 24 Dallas Goedert , 2008 Small businesses dominate a large portion of the market place however, a huge percentage of small businesses miss the opportunity to educate themselves on ecommerce solutions.
There are a number of reasons why your business can?t succeed without online payments. If you place your business online, it is absolutely essential to ensure that you have an online payment system where your customers can easily purchase the products and services that you have to offer.
When you set up an online payment system Carson Wentz , you will immediately notice a drastic increase in your overall sales. Here, I will provide you with some basic information on online payments. This will include steps that you will need to take to get this going, as well as some advantages associated with doing this.
Developing an Online Payment Processing System
Developing an online payment processing system can be a challenging task. However Brian Dawkins , it is one that is well worth the time and the effort. When developing your online payment processing system, consider the following:
The very first thing that you have to do is determine how much money that you can budget in each month that will pay for an online payment processing system. Many of these systems will require that you pay a startup fee, as well as a monthly maintenance fee. Be certain that you read the complete terms of agreement prior to committing to having this type of system put into place on your business website. The next thing that you will need to do is calculate how many sales Randall Cunningham , on average, that your business experiences. This will help you to establish whether you need a simple online payment system or a relatively complex one. When choosing an online payment system for your business, it is absolutely imperative that you invest in an online fraud protection service. If you fail to do this Philadelphia Eagles Jersey , you may suffer tremendous financial losses.
Advantages of an Online Payment System
When you have an online payment system for the business that you conduct online, there are a number of advantages. The following outlines why your business can?t succeed without online payments:
Having an online payment system will allow your customers to pay quickly and conveniently without the hassle of paying by check and money order. This means that you are more likely to experience more sales overall. Having this system in place can actually enhance your credibility as an online business. The speed of the transactions not only satisfies your customers, but it will also increase the speed in which you experience profits as a whole.
Conclusion
As you can see Antonio Brown , there are many reasons why you should implement the use of an online payment system. Your business cannot be successful without one. If you do not have this in place as of yet, it is important that you get on it as soon as possible. By not doing so, you are distinguishing many opportunities that may await you.
Meeting the UK Ecommerce Regulations ECommerce Articles | December 30 Derek Carr , 2004 Many UK small businesses with ecommerce web sites are failing to meet the legal requirements of the following acts and directives:Ecommerce Directive 2002Data Protection Act 1998Distance Selling Act 2...
Many UK small businesses with ecommerce web sites are failing to meet the legal requirements of the following acts and directives:
Ecommerce Directive 2002
Data Protection Act 1998
Distance Selling Act 2000 This is often due to misunderstanding their responsibilities or simply lack of resources. However, failing to comply with these legal requirements may seriously damage your web site and your business. By promoting compliance with these legal obligations, your web site will gain more credibility and increase customer's confidence.
Useful Resources
The following links provide essential information related to the UK ecommerce regulations.
The Data Protection Act 1998 - http:www.dataprotection.gov The Consumer Protection (Distance Selling) Regulations 2000 - http:www.dti.govccptopics1pdf1bus_guide.pdf The Electronic Commerce (EC Directive) Regulations 2002 - http:www2.dti.govindustry_filespdfsmallbusinessguidance.pdf
Data Protection(a) You must register under the Data Protection Act if you collect information about people (for example Bo Jackson , employees, customers and visitors). This information can include names, addresses Oakland Raiders Jersey , telephone numbers and email addresses.
(b) You must state what you do with your subject's data and not deviate from that statement.
(c) The Act is applicable to businesses of any size.
(d) You must not export the personal data outside the EC (European Community) without permission from the people you are collecting data on.
(e) You must ensure that all information is held securely and must be revealed or deleted upon request from the subjects of the information.
(f) You must only record pertinent data to your prime business needs.
Consumer Protection (Distance Selling) RegulationsThe Consumer Protection (Distance Selling) Regulations 2000 apply to many ecommerce sites. However, they are not applicable to ‘business-to-business’ transactions.
(a) You must provide clear information about your products and services before purchase.
(b) You must be clear about postage and packing costs and whether VAT is included in the prices shown on your website.
(c) You must provide a written confirmation of order following purchase, e.g. Jamal Adams , via email.