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Sell Software Online Without A Merchant Account? There Is A Way For You
However, many software vendors – especially new business owners – face a lot of hurdle getting started online. In order to sell your product, you need to be able to accept credit card payments from your customers. In order to accept card payments, you must get a special internet merchant account on an acquiring bank that will allow you to charge your customers. The problem is that you need to comply to many bank regulations and requirements and provide so much information about your business that it is very hard to get a working merchant bank account – especially if you are only starting: 1) Processing history: you need to show your sales volume, average monthly sales numbers, refund and chargeback rates. The bank needs to know how you manage your business and how you handle your customers. 2) Lots of paperwork: you need to provide all your company documents, utility bills, registration certificates, tax payments and returns. You need to show your Profit and Loss reports and other financial data. 3) Business plan: you need to have a well presented business plan to explain the bank your business model and how you operate – all the details about your business. The bank needs to know what you will sell, how you deliver your products to the end customers. 4) Customer support: you need to be able to provide the customer support not only via e-mail, but via the phone also. The banks look for creditability, profitability and track record of the business. Actually the banks also view many businesses (especially digital products) to be ‘too risky’ for approving a merchant account. The security issues are also of great concern for the online retailers while accepting credit card payments. These requirements might not be a problem if you already have an established online business – you sell online, have many customers, have a processing history to show… But it will take you at least a couple of months to have everything approved and working. However, if you are just starting online, it is almost impossible to get a merchant account for online credit card processing. But there is a solution. There are companies (Click2Sell.EU) that provide you the credit card processing services without your own merchant account. You don’t need to apply for a merchant account, provide tons of documents to be approved. This is especially good if you are new to this business and would like to start your own online digital products business. Just sign up on such company, add your software product to the system get it approved. You will receive a special payment button code to place on your website. Once the payment link is placed you will be able to accept credit card payments for your software or any other digital product. Such retailers act as vendors to your website. Here, in such websites you don’t have to sign up for a merchant account provider to process credit card transactions – they do it for you. You can straight put your software, eBooks, and other digital products for sale. This is a secure, flexible and hassle free way of doing business online, with the least number of problems. Article Directory: http://www.articledashboard.com Egidijus Andreika is a creator of Click2Sell payment processing system. Sell software online and accept credit card payments from your customers. Merchants – sell and promote your digital products online, manage affiliate programs at Click2Sell. No merchant account needed. Visit: www.click2sell.eu |
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