eBook authors eBook Software - create and publish your own ebooks
Create your own eBooks
 
   
EBookApprentice.com
Learn How To Create, Publish & Market E-Books
 
   
EBookCompiler.com
E-Book Creation Software
 
   
EBookPower.com
Add sophisticated multimedia to your E-Books
 
   
CoverFactory.com
Create E-Book covers in minutes
 
 
  EBookSubmit.com
E-Book Marketing & Promotion made easy
 
  EBookJungle.com
Search engine for E-Books
 
  EBookInterviews.com
Interviews with eBook authors
 
  EBookEnhance.com
Tools for building better eBooks
 
 
 
Archived Message:

Need Coment on Merchant Accounts


 
naaldwerk I need to know if it is worth it to use merchant account like Clickbank or Verotel?
How much money have you made more?

Would it not be better to use direct money transfers into your bank account?

I Stay in South Africa.


Posted on: 8:07 pm on January 9, 2002
EBookCompiler Depends on your product, but in general I recommend you have some method to accept credit cards, because if you don't it will damage your chances to make sales

Why? Because many people buy on IMPULSE, and if they figure out your bank details, go to the bank, arrange a wire transfer, etc., by then they've probably lost interest or found somebody else to buy from.

By the way ClickBank and Verotel are not merchant accounts

A merchant account means you bill the customer's credit card directly and the money goes to you directly.  There are various online services to arrange this (mostly US only), or you can arrange this with your bank.  You may be credit checked, etc., and/or to prove the viability of your business, and/or to make a personal guarantee to the bank.

Clickbank and verotel are billing services or payment processors.  They bill the customer, and then send you money in arrears.  For these types of services, there is usually no credit check, but the fees per transaction are higher.  You also have to wait to get your money, and there may be additional restrictions (example: ClickBank's rules).  BUT the good part is they are easy to setup, they work, and don't cost much to get started.  This is a good way to dip your toe in the water, and if your business grows then get a merchant account.    In fact, I have so far stuck to ClickBank, and not bothered to use a true merchant account (the bank even visited me to offer one) because of their affilaite tracking and other features.

There is more info on accepting credit cards including terminology etc. atwww.merchantkit.com


Posted on: 1:58 am on January 12, 2002

Go to Active Discussion Thread

Participate in Current/New Discussions

List All Archived Forums



Copyright © 2000-2015, Answers 2000 Limited.

With any business, it is up to the individual owner of said business to ensure the success of the business. You may make more or less than any sample figures or results that might be quoted on our web sites or other publications. All business involves risk, and many businesses do not succeed. Further, Answers 2000 Limited does NOT represent that any particular individual or business is typical, or that any results or experiences achieved by any particular individual/business is necessarily typical.

Disclosure: Our company's websites' content (including this website's content) includes advertisements for our own company's websites, products, and services, and for other organization's websites, products, and services. In the case of links to other organization's websites, our company may receive a payment, (1) if you purchase products or services, or (2) if you sign-up for third party offers, after following links from this website. Unless specifically otherwise stated, information about other organization's products and services, is based on information provided by that organization, the product/service vendor, and/or publicly available information - and should not be taken to mean that we have used the product/service in question. Additionally, our company's websites contain some adverts which we are paid to display, but whose content is not selected by us, such as Google AdSense ads. For more detailed information, please see Advertising/Endorsements Disclosures

Our sites use cookies, some of which may already be set on your computer. Use of our site constitutes consent for this. For details, please see Privacy.

Contact Us    About and Terms Of Use    Privacy    Advertising/Endorsements Disclosures