Once you've completed your ebook and have taken necessary steps to protect your work, your next step will be to set up an online payment system.
Don't let this process intimidate you, as it is much easier than you may think. There are many professional companies on Internet that will assist you. If you'd like to get your own merchant account, you can do so right online. If you'd rather not have your own merchant account, there are companies online that will process your orders for you.
If you decide to get your own merchant account, you will also need access to a secure server and a shopping cart system. A secure server will protect your customers information. A shopping cart system will provide your customer with a running total of what they have ordered and total cost.
The following websites can provide you with a merchant account:
Total Merchant Services (TMS) http://www.web-source.net/cgi-bin/web/jump.cgi?ID=2332
This outstanding company comes highly recommended by Corey Rudl -- author of #1 selling online marketing course, "Insider Secrets to Marketing Your Business on Internet."
The TMS Merchant account, for Internet transactions, will enable you to accept Visa, Mastercard, American Express and Discover. They offer two merchant processing software packages to choose from. The first package is TotalPay powered by Authorize.Net™ Virtual Terminal. This package will enable you to authorize, process, and manage credit card transactions from any computer with an Internet connection and a Web browser. This package ordinarily runs $995, but for a limited time is being offered for only $397. The second package is TotalPay powered by Authorize.Net™ Virtual Terminal that includes Total Merchant Manager Shopping Cart. This package includes everything first package includes, plus all of following:
- Customizable Shopping Cart System - UPS Shipping Module - Links to Virtual Terminal - Free Initial Installation
Their discount rate is 2.4% and $0.35 per transaction fee. Monthly fees include a $10 monthly statement fee and a $10 gateway fee that includes secure, online, real-time credit card and e-cheque processing and only applies to merchants processing transactions through their Internet payment gateway.
NRWW Commerce http://nrww.com/merchant_account.shtml
This powerful Internet-based software provides secure, real-time transaction credit card processing. The Virtual Terminal feature enables merchants to authorize, process, and manage credit card transactions from any computer with an Internet connection and a Web browser. This software package runs $179.95.
Their discount rate is 2.25% and $0.30 per transaction fee. Monthly fees include a $5 monthly statement fee and a $15 secure gateway fee.
Third Party Credit Card Processors
If you'd rather not have your own merchant account, third party credit card processors will process your credit card orders for you. There are usually no monthly fees. They charge a "per transaction" fee and send you payment for all of your orders processed, minus their fee and a reserve fee. A reserve fee is withheld to cover and charge backs you may have. If you have no charge backs within a period of time, your reserve will be refunded to you. Each company has their own guidelines in regard to reserves.