There are a number of simple ways to collect payments from online customers.Customers like choice of payment, so you can either offer a variety or choose one of the following options.
Step 1: You can create an account on PayPal.
You need to give an email address so that you can send an invoice to your customers.Your customer must have an email ID in order to use PayPal.The customer can make the payment using the credit/debit card after the invoice is raised and sent to them.Customers have confidence in your business because of buyer protection provided by PayPal.Your existing bank details, like the name in which you have the account, bank name, and bank account number.Your tax ID is relevant to your country.There is an email ID.Your email will be your account number.
Step 2: You should expect to be paid commission.
To receive the payment and to transmit it to your account, you'll have to pay a certain percentage of commission.Check out PayPal.com for more information.
Step 3: If your customer is from a different country, have them transfer the payment to your bank account.
You have to give your customer the following information: Account name of the bank branch, account number, and unique code of your bank.
Step 4: Payment can be made by deposit.
The customer can either make an online payment or go to the branch of your bank in his/her city to deposit the payment.Check with your bank to understand the area specific rules and terms, as some banks charge for over-the-counter transactions.It may be illegal to pass on over-the-counter costs to customers paying this way, so be aware of the terms and conditions of any sales site you're using.
Step 5: The customer should use the SWIFT code to make the payment.
Your bank can help you complete the details of the code.The details are similar to the in-country transaction.The only difference is that you need a SWIFT Code from your bank which your customer can use to transfer the payment to your account.
Step 6: Go to the Western Union money transfer center.
Your customer will give you a transfer code when he/she transfers money.You can use this transfer code to withdraw money from a Western Union money transfer center.You need to know the name of the person who made the transfer.The city and country have the same name.Business transactions are not allowed by this mode in some places.Make sure there aren't any mistakes with the transfer code.
Step 7: You can incorporate an online payment module into your website.
You can put this module into your website.Your customer can pay you on the website.Agencies will charge for this service.The integration fees have vanished and only the transaction cost is charged.This service is provided by PayPal.It is possible that the percentage charge is slightly higher than the other agencies.Before selecting the best agency for incorporating into your website, do your homework.