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* Settlement fees. Does company charge to cut you a check each pay period, or to wire transfer your funds to you?
* How much is reserve? A 'reserve' is amount held back from each pay check as a "slush fund" against future refunds, returns, or chargebacks. What percentage do they hold as a reserve, and for how long? It's commonly 10%, 10%, held for 6 months before being released back to you.
* Pay frequency. Most pay either every two weeks, or once a month.
* Reliability. Talk to others who have used service to see if they've had any problems. If your order processor is 'down', your customers can't buy!
* Restrictions and limitations. For example, is there a minimum monthly sales quota you must reach? Is there a maximum product price you can set? Does company restrict what type of content you can sell? Do they handle only tangible or intangible products?
* Customer service. Does company respond promptly and helpfully when you contact them?
* 'Extras'. For example, are there reporting or tracking capabilities? Free use of a shopping cart?
Finally, here's a short reference list of several third- party processing companies:
* Clickbank, http://clickbank.com/ * GloBill, http://globill.com/ * Digibuy, http://digibuy.com/ * Revecom, http://revecom.com/ * iBill, http://ibill.com/ * 2Checkout.com, http://2checkout.com/ * Verotel, http://verotel.com/ * CCNow, http://ccnow.com/
As you can see, there are many options, so don't let a tight budget prevent you from taking orders online! Third- party processors are both convenient and affordable -- even for startup businesses.
Angela is the editor of Online Business Basics, a practical, down-to-earth guide to building an Internet business on a beginner's budget. If you enjoyed this article, you'll love the book! Visit http://onlinebusinessbasics.com/article.html or request a series of 10 free reports to get you started: mailto:firstname.lastname@example.org