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This perhaps is the most frequently asked question amongst people. It is known to all that people are buying online and they also know that they have to accept credit cards if they want to stand in the net-based competition. But beyond all that realization, everyone is clueless as to how it all works. The online world is very confusing out there and many people still could not take out any solution to it. It is very hard to trust the validity of the profit which is a huge appealing force behind their influential suggestions. And believe it or not- there is profit in this e-commerce game. Let’s have a look how it works.
Merchant Account- This is the first step towards E-commerce, unless you have chosen to go through a payment facility and are ready to give up a large portion of your sales in fees. The initial costs of a merchant account can be large for a small-sized business, but the long term savings can be considerable. For example, on the sale of a $300 product/service through a payment facility you could pay between $20-$45 dollars or more in fees. With your own merchant account it will probably cost you about $9. With the typical fees and equipment for a merchant account start-up costing about $1,500, you can recover that cost rather quickly.
Shopping Cart- A shopping cart is required when you sell a wide variety of products because it is the easiest way for the consumers to buy. If the orders are placed on your site and to be processed with the customer's credit card as a sale through your PC or swipe/terminal, then there doesn't have to be any compatibility between your cart and your merchant account. If, on the other hand, you would like all of your incoming orders to be automatically processed for you as the customer hits the submit button, you will need what is called "real time processing."
Web Hosting- The web host is the one who is hosting your site and can sometimes make a difference in how compatible your entire site and ordering system are with each other. Problems can arise when you bring a shopping cart and real-time processing in the scene. A shopping cart alone won't cause problems but the cart you choose to use must be compatible with your web host. Some carts are designed to run on certain types of servers. So when choosing one be cautious to make absolutely sure you can use it with your current host. Develop your own ecommerce website with Web Development Company in Delhi
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