If you’re selling through a business website and an E-marketplace, you’ll pay whatever costs are associated with your website plus the E-marketplace’s listing fees, transaction fees, and payment processing fees. You don’t have to choose between the two.Just keep in mind that you’re going to pay for any credit card processing services your business uses, and E-marketplaces are no different. It’s also possible for your business to maintain its own website or online store and still operate on electronic marketplaces. A major advantage of using an online marketplace is that the website already exists, already functions, ranks in internet search results, and already attracts consumers. This means, at the least, that you’ll need a merchant account to process your card payments and a payment gateway to transmit encrypted transaction data from your website to your payment processor.Įlectronic marketplaces are already existing websites where your online business can sell its goods and services (think Etsy and Amazon). To start an E-Commerce website, you’ll need to choose and register a domain name, produce content to support your services, customize your website’s design and structure (or hire an expert to do it), and choose a website hosting service.You’ll also need to consider the online payment methods your business wants to accept (Apple Pay, Visa, Mastercard, etc.) and sign up for the services needed to support online credit card payments. ![]() If you want an online store devoted entirely to your business, you’ll need to create a business website (often called an “E-Commerce website”). The “store” is a business’s website, and the marketplace is an electronic marketplace like Etsy or eBay. Things are essentially the same in the online world, except the “stores” and “marketplaces” are virtual spaces, and you don’t see your customers or your competition face to face. Some of the people selling stuff in marketplaces also have stores from which they sell stuff, and some don’t. In the real world, there are brick-and-mortar stores where individual businesses sell stuff and marketplaces where a bunch of businesses (or people) come together to sell stuff. Payments by Corporate Tools Request a Free Consultation Accepting Credit Cards Online And the merchant account facilitates the transfer of the funds that (ultimately) make their way to your business’s bank account. The payment gateway connects the website to a payment processor and merchant account. The website makes it possible for your customers to find your goods or services and make purchases. ![]() connecting that website with your merchant account through a secure payment gateway.getting access to a merchant account that can process online credit card payments, and.building a website of your own or joining an E-marketplace (or both),. ![]() Online credit card processing requires a website where your customers can go to make purchases, and you’ll need a way to process those payments securely.
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