Are there any other options (aside from Paypal) that people can pay over the internet.?

Question

I'm going to start an online business and am trying to avoid paying the 3% that Paypal asks for.

Any advice would be greatly appreciated!

Answer 1

Well, what about EFT electronic fund transfer. The buyer deposits the amount into your account. It is usually instant and is a great way of spending over the internet.

Answer 2

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Answer 3

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Answer 4

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Answer 5

Of course there is. You could set up a pay by credit card or even offer a direct debit option with bank account details and a reference number being supplied on purchase and a certain time frame to deposit the money within.

However! I, personally always prefer Paypal. Infact I would pay slightly more for a product off the internet just to use Paypal.

Why? Because if I get ripped off Paypal will cover my loss. As a consumer it is much more appealing and I am fairly sure that it has added benefits on the receiving end as well.

I would suggest offering Paypal as well as other payment options and if you want to you could always put a surcharge to use Paypal (just double check if a surcharge would be legal where you are)

This way you will not discourage customers that don't have a Paypal account but at the same time those that do prefer Paypal will be able to buy from you with confidence.

Just my two cents :)