Johnny Says: Shake Your Money Maker!

You’re not selling lemonade on the side of the road… so get legit and give people some payment options! All too often we see lack of payment options lead to cart abandonment! Users are very particular about which payment method they are comfortable using, so make sure you give them the options they’re looking for.

Shopit currently has six choices for users to choose their payment method; cash, money orders, checks, PayPal, RevolutionMoneyExchange, and Google Checkout. Shopit sellers can accept one or all of these forms of payment. I’m going to tell you a little bit about each one.

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Cash, Checks & Money Orders
With these forms of payment, buyers will have to send their payments to an address that you provide, so make sure to enter your correct payment address! (duh) The Payment Address can be found on the Payment Settings page of Shopit. Keep in mind that if a seller only has these three forms of payment, some buyers may not want to go through the extra steps that this takes, or may not trust an online seller only accepting cash. For this reason, we recommend an alternative form of payment…something secure they can complete quickly online.

Paypal
With Paypal, sellers can easily receive credit card payments in minutes. It’s really easy to set up! PayPal is definitely the most popular payment gateway on the web; used by 1/3 of online buyers in the U.S with over 70 million active users worldwide. PayPal is a really good way for buyers and sellers to prevent fraud, and transaction security at the top of the priority list for online buyers.

Google Checkout
Google Checkout is a very popular payment system that also accepts credit and debit card transactions. Buyers like Google Checkout because it is fast, convenient, and is also secure. Sellers can benefit because it works with Google AdWords, which makes it easier for shoppers to find you when they search for your products. Google Checkout charges a low 2% + $0.20 per transaction, and is only accepted in the U.S. and the U.K.

Revolution Money Exchange
With Revolution Money Exchange transactions are FREE; and for a limited time, they’ll pay you $10.00 to set up an account. Who could ask for more? This system of payment is also very secure. The downside: it is currently only offered to U.S. residents.

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With all of these forms of payment, you will be set up to accept all kinds of payments from all over the world. Now get out there and start earning some serious ca$h! You’ll definitely have the most profitable lemonade stand on the block. If you have any questions, please don’t hesitate to contact support@shopit.com .

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This entry was posted on Wednesday, March 4th, 2009 at 3:19 pm and is filed under Johnny Says!, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.