How to Accept Online Payments

Everything is going digital. More and more people are making payments online. There are several choices from which to choose.

<strong>Credit and Debit Cards</strong>

Most businesses have options on their site for customers to make payments. They can use a credit or debit card. Set up the payments using a merchant account or an intermediary holding account. There is a small fee involved.

<strong>eChecks via ACH Processing</strong>

You can have your customers do a direct debit from their bank accounts, which you get as an electronic or eCheck. The customer enters a routing number and an account number. Your site uses a software interface to set up the payments. There is a fee for this choice but is much lower than the fees for credit card payments.

<strong>Mobile Payments</strong>

You can dip, swipe, or key in a credit card number on a mobile phone. The customer gets an email, confirming the payment.

<strong>Online Gateway</strong>

Companies are adding payment forms to their site. This choice lets customers pay the company without going through a merchant.

<strong>Click-to-Pay Email Invoicing</strong>

The process involves sending customers an invoice by email and have them click on a link to pay.

<strong>Recurring Billing</strong>

If your company offers a monthly service, you can ask your customers to make automatic payments. It is a recurring payment convenient for both you and your client.