Friday, June 4, 2010

Money Transactions

There are many ways to complete money transactions online. If you already have an established Web site that your clients know you will probably want to keep it and add an e-commerce solution into it. If you do not have an e-commerce Web site you may consider e-commerce solutions offered by major online sites such as Yahoo, Amazon, and Google with little to no Web design experience needed. (Enter "commerce solutions" in the search box.) Online auction sites such as eBay, Yahoo, Google and MSN might also offer additional avenues for your business. Consider hiring and or consulting with an experienced Web designer or firm to set this up for you. Their experience can often save you time, money, and unnecessary aggravation.
 E Commerce 
Setting it all up
E-commerce software often requires setting up a merchant account as well as establishing a payment gateway provider. A merchant account is a specialized bank account setup by a bank that allows you to accept credit cards. A payment gateway charges your customers' credit cards via the Internet and sends the funds to your merchant account. The payment gateway acts as the bridge between the merchant's Web site and the financial institutions that process transactions. Payment data is collected online from the shopper and submitted to the gateway for real-time authorization.
Several companies such as 2CheckOut.comAuthorize.NetCybersource.com, andVerisign.com offer various credit card transaction packages. A great start would be to try your local bank. Many banks now partner with E-commerce payment gateway solutions and can help you in most cases.
E-commerce Considerations
  • Per Cyber Source Corporation, online fraudsters took $3 billion out of e-commerce in 2006. Most companies provide at least basic forms of fraud protection.
  • Be sure to take into account all your costs such as monthly e-commerce fees, packaging costs, shipping costs, time, etc.
  • For internet based orders and shipping you should check with your state's board of equalization office to determine the appropriate sales tax. Our Small Business Tax Center provides valuable links to tax information from the IRS.
 Shopping Cart 
Alternative methods of online payments:
Cash payments are less advanced but easier to set up. Funds are transferred from the buyer's bank account or credit card to the seller's account. This is similar to writing someone a check but much more secure and easier to track. Since no taxes or shipping costs are required, there is no need for shopping carts to manage the information.
Below is a list of some of the more popular and well-known forms of "cash payment" systems.

Technology and You: Remembering Who's the Boss

The technologies we now use nearly every waking moment of the day are meant to improve our lives, but that only happens when they're used correctly. There are plenty of social and psychological consequences to the misuse of technology, and often the result is a loss of focus and efficiency. Keep in mind who's in charge -- that's you, not the gadget.

Today, technology is wonderfully ubiquitous. It runs our electric grids, keeps planes from crashing into one another, and puts the most treasured asset of all, information, at our fingertips. Yes, we are extremely fortunate that knowledge (information) is so easy to get and so easy to transfer and pass on to others.

There was a time when the only feasible research on many projects had to be performed in the bowels of libraries or academia. Not so today. The discerning researcher can very often get access to needed information simply by sitting at his/her laptop, connecting to the Internet, and ferreting out all kinds of data.

Communicating is far easier today. A cellphone that we might carry in our pocket (or stick in our ear) can put us in touch with people all over the world. The transference of files is now seamless. Tons of files, including multimedia files, can be gathered and sent throughout our planet.

So, one might ask, what are the negatives to having such amazing technology so available?


When Technology Works Against You

Obviously, I am not a Luddite, the word given to those early nineteenth-century artisans who were railing against the industrial revolution out of fear that it might take their jobs from them. I am not reviling the computer revolution. It is both amazing and astonishing, and I believe that it will continue to astonish and surprise us in years to come.

I have two main concerns about what the misuse of technology is doing to us as a society and as workers in that society. In these two areas, I think that some of us are becoming slaves to technology and are abandoning our rightful places as masters of it. The two areas most affected are social and psychological.

Social Consequences to the Misuse of Technology

Too often I see people of all ages behaving rudely because they are so obsessively dependent on their cellphones. They interrupt conversations to take a call, disturb theatrical performances by forgetting (we hope) to turn their cellphones off, text at inappropriate times, and generally become slaves to their electronic devices. What should be the slave, technology, has become the master, and we have morphed into mindless gerbils entrapped in an infinitely spinning loop. This isn't the way technology was meant to assist us.

If the social consequences of some of us becoming slaves to technology aren't enough, let's take a look at how such behavior damages our focus, thus effectively limiting our work, or social, output.

Psychological Consequences of Misusing Technology

Many people I know like to talk about how they have to multi-task to get through the day. They feel the need to obsessively check their e-mail while working. They interrupt meetings and conversations by taking a cellphone call at inappropriate times. They feel compelled to drop whatever they are doing in order to instantly respond to a text message.

Sadly, so many people see these interruptions as necessary. I see them as lost opportunities to stay focused on the job (or social interaction) at hand, thus extending the time that it would ordinarily take to complete a given task. What many would respond is that they are actually being more efficient -- they are multi-tasking.

However, all of the studies that I have read tell me that there really is no such thing as multi-tasking. Such behavior is counterproductive because it at the least results in lengthening the time in which to complete a task and at the worst results in errors that could otherwise have been avoided. In short, this type of behavior is working against your productivity and effectiveness and can do damage to your work or social life. Those involved in such counterproductive behavior have effectively allowed themselves to become slaves to our wonderful technology and have forfeited their role of being masters of technology.

Remedies to the Misuse of Technology

It is quite difficult to draw up a litany of sure-fire remedies that will break the addictive bonds that technology can create. Approaches that work for some people might not work for others. I recently read that some businesses are insisting that their employees be allowed to check their e-mails, or their text messages, only at certain times of the day -- this frees them up to calmly and intently focus on the job at hand.

Some individuals and families who are using the social networking site Facebook set aside a slot of time during the week when they will be "Facebook free." That is, they will not check what's going on in their Facebook space during an allotted space of time.

Of course, there are parents who feel that they must be constantly connected in case an emergency arises with their children. There are several solutions to this dilemma, one of which is that they give an emergency contact number to someone who might have to contact them. That emergency number could be that of the operator at your place of business. There are many other ways by which we can put up a "firewall" around us that allows us to apply a laser-like focus on our work while still allowing certain people to be able to penetrate this firewall under certain circumstances.

The net result of protecting yourself from "too much technology" is that your life will be calmer, more focused, and obviously more productive. If we watched geniuses like Bill Gates focus on a problem or answer a reporter's question, we would see a detached soul with Herculean and single-minded focus, undistracted by some of the very technology that he was instrumental in creating.

Looking Forward to the Ever-Emerging Benefits of Technology.

I tried out a Kindle reader recently and I was extremely impressed. Here is a device much thinner than the average paperback novel that can store hundreds of books. Not too long ago, Apple (Nasdaq: AAPL) announced the creation of the iPad. This new device will further empower us in our never-ending search for information. We'll be surfing the Internet, choosing one of our favorite books or doing a host of other amazing tasks, some of which will be interactive, thanks to the genius of the people of Apple.

Technology has unlimited potential and will no doubt provide us with many wonderful surprises in the not-too-distant future. We just have to remember who's in charge, the electronic device or we. Good luck!

source from here