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To conduct business on the Internet, whether informal, one-time only transactions between two friends, or a full-fledged business selling products or services, payment arrangements have to be made. Before 1998, this often meant either checks sent through snail-mail, or very expensive, and often hard-to-obtain, merchant accounts for online credit card processing. In 1998, PayPal was introduced to fill the payment processing gap.
PayPal now has about 50 million members, but was originally introduced to provide a payment processing service for online auction buyers and sellers, in particular, eBay. Since then, PayPal has grown into the premier third-party payment processing service. In fact, PayPal was so successful that eBay bought the company in 2002, replacing their own Billpoint service with the far superior PayPal service.
PayPal is free to join, although buyers are no longer required to join in order to pay for goods and services from seller members. Many people are still afraid to do business online, and wont provide their credit card information. Scams certainly abound in cyberspace, but PayPal is a solid, reputable company, and there is little to fear.
For sellers, PayPal offers much lower processing fees than many other third-party processors. PayPal rates are not much higher than those of merchant account processors, and there are no ongoing fees. You only pay PayPal fees when you make a sale. It is also much easier and faster to set up a PayPal account than a merchant account. Some sellers complain of unjustly frozen PayPal accounts, and as with most any service, there are plenty of horror stories surrounding other PayPal actions. However, many more buyers and sellers have used PayPal from the beginning with no problem at all.
PayPal offers transfer of funds to and from a PayPal account through e-checks, debit and credit cards, and instant transfer from other members accounts. They offer debit cards to allow you to make purchases against your account balance, just as you would with a bank debit card, a money-market interest rate on the balances in some accounts, seller and buyer protection services, invoicing, recurring billing, shopping cart, and many other tools that online merchants may need.
By Jakob Jelling
Considering the ever-increasing support for RSS in online communities, we have compiled a list of resources and products that will benefit webmasters, web surfers and publishers in their quest to understand the power of RSS. RSS has rapidly become an alternative communication venue. In order to understand the full benefits, consider utilizing some of the following tools and resources.
How to Market with Niche Auction Sites
Online auctions are big business. But they can be big headaches.
Tips to Make Reading Fun
This list is for both young and old. I love reading and want everyone to love it as well. So I hope you will find at least one thing helpful in this list and that it will inspire you to come up with some of your own.
How to Buy Pearls
Pearls are an enduring classic of romantic beauty and sophistication suitable for almost any occasions or celebrations. Pearls may be worn with formal eveningwear, with a business suit, or casually with a sweater and jeans. The official June birthstone provides an ideal choice for brides, young women looking for a touch of elegance, or a cherished gift for birthday, Christmas, graduation, sweet-sixteen, anniversary, or just to say I love you.
Choosing the Right Strategy for your Online Business: Pay for Inclusion vs Pay per Click
Back in the old days of the Internet - in 1993, - there were 284 locations on the entire World Wide Web. According to Bill Clinton, only 8 of them ended in .com or .net when he was sworn into office. As of January 1, 2003, there were 171,000,000 domain hosts in use. In 1995, the largest search engine database was Altavista, and it had most of the Internet categorized. Today Google and FASTsearch own the largest databases. Yet neither one of them has even 10% of the Internet covered. Its estimated that more than 8,000,000 web pages are added to the Internet every day. None of the search engines are able to keep up to that pace. So how will your website stand out How will it acquire the traffic it needs to succeed There are many ways to approach the issue of marketing an online business, but for the sake of this article, well concern ourselves solely with online tools, and ways to expedite success. In that vein, well concern ourselves with Pay for Inclusion and Pay for Placement or Pay per Click advertising.
The one essential thing you need to make money on ebay
With literally millions of auctions taking place on ebay.com all the time, you can probably already guess what the number 1 essential you need in order to succeed on ebay. You need a USP. What is a USP Simple - a Unique Selling Proposition. Something that sets your auction apart from all the other similar auctions that are no doubt happening at the same time. Theres nothing new about the concept of USP - every successful corporation tries to differentiate both itself and its products from rivals efforts, for obvious reason.
Doing Business Online — Private B2B Exchanges
Business processes are the building blocks of an enterprise. If one of these processes fails to live up to its expectation, business starts to flounder. How to minimize the risks, get a better monitoring of the processes and, at the same time, reduce costs involved The answer is – business process automation.
How To Save Big Bucks On A Laptop Computer
If youre a bargain shopper looking to get the most bang for your buck, youll find no shortage of deals on the Internet.
Remove These Objections and Watch Your eBay Auctions Fly
"Objection" is a term taken directly from sales and marketing training, and it is important you understand the significance of objections to your sales process.
How to Locate Drop Shippers for Your Success
Like the human heart, drop shippers can keep the blood pumping in an internet business. Often, they can be the key to success for online retail businesses who do not wish to stock actual inventory. Drop shippers are the source of wholesale merchandise many Websites offer to customers. An authentic drop shipper will have many qualities that make them desirable by an online retail business: They do not require you to buy a minimum amount of products. They do all the warehousing and shipping of their products. They do not charge for initial setup fees or membership dues. They will ship product from their location to your customer.
How to Buy Used Baby Clothes Online!
There are multitudes of ways to purchase used clothing for your baby. In this article I will cover only the online options available in the hopes that it will help you to maximize your spending money with the least amount of hassle, stress or risk. I hope to cover some of the key issues of buying used clothes online such as private sales versus online stores, the use of PayPal and other forms of payment, purchasing through ebay and non-ebay auctions or non-auctions alike, online classifieds and more all in the hopes that you will benefit from some of the things Ive learned and avoid the mistakes that I as well as others have made.
How to Become a Successful Entrepreneur on the Web
Becoming a successful entrepreneur in the online world is no different than becoming a successful entrepreneur in the brick-and-mortar world. Both tasks require vision, determination, and hard work.
Turn Your Hobby Into A Profitable Business
Many people are wanting to start a business of their own, the problem is the high cost of starting a business, franchises cost hundreds of thousands of dollars and require hefty down payments. Most people cant afford to quit their jobs and loose their monthly income to get started.
21 Success Strategies of eBay Powersellers
The online auction giant - eBay - has exploded on the Internet scene. Currently boasting over 29 Million members, eBay is one of the most visible and far-reaching Internet companies in existence, with a large segment of the population either using the service, or at the very least, aware of it. Among the eBay sellers, there is a designation given to approximately 4% of the people. These are eBays "Powersellers", a group of sellers that is distinguished by the amount of volume they produce. The entry-level Powerseller, the Bronze level, does at least $2,000 a month in eBay sales, maintains a 99% positive feedback level and maintains their eBay account current. Higher award levels are granted at the $10,000 level, Silver level and at the $25,000 level. Gold level
Cmon Rich, Tell Me What To Do...
I get hundreds of emails per week and as you might expect, many of the emails contain similar questions. There are probably ten questions that I get asked most. I will save nine of them for another time as I want to talk about just one of the top ten questions today.
5 Free & Easy Ways to Get More Opt-In Subscribers for Your Newsletter
Email newsletters and ezines can be extremely profitable for their owners, providing that their newsletter has subscribers, the more the better. Without a large number of subscribers your going to have a tough time making money when the only recipient of your ezine is…you.
How To Make Money With Used Cars!
One of the most important purchases consumers make is a car. The average consumer purchases another car every several years. With the High Cost of new cars millions of people are opting to purchase affordable used cars.
IS IT ALL HYPE The Truth About Making Money On The Internet
Where else can you start a business that doesn’t require a fortune What other types of businesses can you make money from that reaches across the globe without you having to change out of your pajamas at all What other types of businesses allow you to make money online even if you didn’t have a single product or service to sell or promote
Don’t be a Victim of Online Auction Fraud
The Internet Fraud Complaint Center IFCC reported that last year 7.7 million dollars was lost through online auction scams. The actual losses are much greater. Most auction scams are not reported because they involve only small amounts of money.
Home Business Guide To Finding Your Own Online Business
Because tens of thousands of people all across the world want to know how they can work at home and earn enough money to run a household, there is a special need for this report. Today the need for women to work out of the home is stronger than ever. According to recent surveys, almost 70% are married and contribute up to 50% and more to the family income. Because family responsibilities play such an important part in the lives of men and women, millions of individuals and couples are seeking ways to make money online at home.
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