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5507 Views 5 Replies Latest reply: Mar 18, 2010 5:45 PM by amspcs
netshmoozer Newbie
netshmoozer
Currently Being Moderated

Feb 13, 2010 8:00 AM

Money transactions

When starting a new business online. It is important to immediately determine which company would you trust your online transactions with. There are a lot of online money transfer and banking companies. Which financial service site would you prefer and why? Any help will be greatly appreciated.
Tags: money_transfer, financial_service_site, money_online
  • bantumani Newbie
    bantumani
    Currently Being Moderated
    Feb 13, 2010 12:53 PM (in response to netshmoozer)
    Re: Money transactions
    Hello,

     

    yes you are totally right that we have to determine that which company is good and trustable and which is not because now a days there is many companies which fraud.ikobo,western union arte some comapnies which provide these facilities you can search more on the google.

     

    thanks!!

    _________________
    twin xl comforter

  • envisionary Newbie
    envisionary
    Currently Being Moderated
    Feb 13, 2010 6:13 PM (in response to netshmoozer)
    Re: Money transactions
    Hi.

    You've asked a hotly debated question. The answer depends a great deal on the type of business that you have. There are SO many online transaction providers. If you are a simple e-biz that isn't going to be doing thousands of transactions per month, PayPal is still a great way to get started. It is free to get up and going and that alone is very appealing to large numbers of new online businesses. The downside to PayPal is that little things can set off red flags with them and they'll freeze your account. But again, if you aren't doing thousands of transactions per month, you are probably Ok. Beyond that, you may want to google financial transactions for your type of business. You'll get enough results there and then go to the BBB or some similar entity and check them out. There are just so many options, it will really depend on what specific transaction needs you have.

    Hope this helps!
  • phanio Master
    phanio
    Currently Being Moderated
    Feb 21, 2010 12:38 PM (in response to netshmoozer)
    Re: Money transactions
    I think you are moving in the right direction - but I also think you should get out in your lcoal community and ask those business owners there who they use - especially if they are in a similar industry.

    From that point on - do you homework - understand the contract or fees or costs - then choose who you think will be the best then hold them to it. Remeber, these companies work for you - not the other way around.

    But, you should start by asking other businesses in your local market who they use - then come back here to vet some of them.

    Business Money Today
    www.BusinessMoneyToday.com
  • LUCKIEST Master
    LUCKIEST
    Currently Being Moderated
    Feb 21, 2010 2:17 PM (in response to netshmoozer)
    Re: Money transactions
    Money transactions

    Who are you. Go to Members Page and share some info.

    Also check our Barry at "amspcs"
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  • amspcs Master
    amspcs
    Currently Being Moderated
    Mar 18, 2010 5:45 PM (in response to netshmoozer)
    Re: Money transactions
    The answer to your question may not be as simple as you think. In order to get good advise, you need to share a lot more about what kind of business you are starting.
    Paypal may or may not be the answer. For example, will you need a shopping cart? Recurring payment capability? Check and/or ACH capability. The list goes on and on.
    Paypal may or may not be an option. The base program is free, but there isn't much to it. Otherwise for $30 monthly for PP Premium, there may be lots better options open to you.

    I've said this a million times, and I'll say it again: For any serious (key word: Seriious) business, Paypal can and should be a PART of your payment capability system. But it should never be the ONLY payment option offered.
    The reasons for this are far too detailed to outline in this post. They include security issues, cash flow industries, lost business issues, and so on.

    Hope this helps. As I said, share some info about yourself and the members of this community will be able to offer a lot more useful advise to you.

    AMSPCS
    amspcs@juno.com
    www.MerchantServices-help.com

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