Monday, November 7, 2011
It seems like many of the websites that I visit seem to use different payment policies. Some accept Paypal, some accept credit cards. Among the credit card merchants, some accept Visa and MasterCard, but not American Express or Discover. Basically, the standard practices are all over the place. Knowing this made me wonder how a typical internet merchant would handle payment practices. I know that there are internet merchant account processing services that are available for a reasonable fee. Many of these businesses have a particular focus on startups and other businesses that have difficulty establishing an account with a standard credit card processor.