Business world mantra & Online Accepting Credit / Debit Cards on Your Website Is One Of The Way Of Success

Credit card / Debit card payments on your site without a merchant account are the easiest way to your online business success. If you are thinking of selling things / service on the web then you will probably also be considering some way in which you can accept credit cards /debit cards on your site. Since new webmasters / online business personnel who visit moneymantras9 often ask me about how they can get started accepting payments in this form, this article provides some basic information on adding credit card / debit card payment facilities to their websites. 
Just Read the article with attention and then follow the instructions!
Why Do It :- 
Credit card payments allow you to take advantage of the following types of customers:
Impulse buyers. After reading your advertisements and hype on your site, buyers would be all fired up about your product. If they have a means of making a purchase immediately, you've secured that sale. If you only allow cheque payments, the additional time it takes for them to get their cheque book and mail out the cheque may be deterrence. They may also have second thoughts later.
International customers:-Credit card /Debit card payment is a tremendous convenience if your customers are overseas. It automatically takes care of the problems of currency differences as well as the time it takes for a cheque to travel to the vendor. You will lose a large number of overseas customers if cheque payment is the only way you can accept payment.
Methods of Accepting Credit Card Payments :-
There are actually two ways in which you can accept credit cards on your site.
Using Your Own Merchant Account. To do this, you will need a bank that will allow you to open a merchant account. Requirements for this will vary from country to country, and you should check with your local banks for more information on this.
Through a Third Party Merchant. There are numerous companies around that are willing to accept credit cards payments on your behalf in exchange for various fees and percentages. These are also known as "payment gateways".
Which Method Should You Use:-
The initial costs of opening your own merchant account is usually higher than when you use a third party merchant. Indeed, some third party merchants have no setup fee at all.
However, the transaction fee (which is what you pay the bank or third party merchant for each sale) is much higher when you use a third party as compared to when using your own merchant account.
A third party merchant is usually convenient to use when you don't know if you can actually make much out of your product or service. If you just want to test the water to see how things are, this is usually a good way to start. It is also convenient in that the merchant takes care of everything for you. You just get a cheque at the end of each payment period (if you have earned enough) and concentrate on your products, services and customers.
Merchant account:-
Having your own merchant account accords your business with a certain amount of professionalism. And, as mentioned earlier, your transaction costs are usually much lower. However you have to be careful to minimize your credit card risks since you'll be processing the credit card payments yourself. This is not to say that there are no risks attendants in using a third party merchant.
Some Third Party Merchants / Payment Gateways :-
Here's a list of some third party merchants that you might want to consider if you're looking for ways to accept credit card payments. Except for Pay Pal, I have not actually tried any of them myself (as a vendor). Check them out carefully and use them at your own risk.
Note that rates and stuff that I publish below were correct at the time I investigated these vendors. It will most likely have changed by the time you read this since the merchants tend to modify their rates from time to time according to market conditions. Make sure that you check the current (up-to-date) details from their site before making any decision.
The list is arranged alphabetically.
CCBill: There are no setup fees. Transaction fees vary (I can't find the schedule though) depending on the volume of sales in each accounting period. According to their website, "these fees are never more than 13.5% of revenues charged during this one-week period for CWIE hosting clients and 14.5% for non-hosting clients".
CCNow: This is only for people who ship tangible, physical products. There is no setup fee, and they charge 9% per transaction except in the November and December where the fees are 8% per transaction (yes, lower).
Google Checkout: Google has its own payment gateway that is available for US and UK sellers. It is mainly for use if you are selling tangible and digital goods, although you can also use it to charge for services and subscriptions. Charges range from 1.9% + $0.30 USD to 2.9% + $0.30 USD per transaction, depending on the volume of sales in the previous month. If your buyer is not from your country (ie, not in the US if you are in the US, or not in the UK if you are in the UK), there is also another 1% processing fee.
Kagi: Kagi's fees seem to vary according to the order size, type of item sold and the type of payment (credit card, cash, money order) used by your customer.
PayPal: This well-known service allows you to set up a Premier or Business account (you are subject to certain limits when receiving credit card payments if you use a Personal account). The charges range between 1.9% + $0.30 USD to 2.9% + $0.30 USD for each transaction if you are in the US. Non-US users are charged different amounts according to the country. From experience, I find this service easy and fast to setup.
ProPay: A new competitor to PayPal (see elsewhere on this page) that currently only caters to US residents. Depending on the type of account you sign up for, you have to pay an annual fee (starting from $34.95) as well as transaction fees of 3.5% + $0.35 USD. However, to accept cards like American Express and Discover, you have to use their more expensive plans.
RegNow: Designed for software authors to sell their ware, this merchant charges a one-time activation fee of $19.95 USD plus a transaction fee of 6.9% plus $1 USD per unit for their commission (minimum $2 USD charge). They also provide you with facilities that allow you to easily set up an affiliate program.
How to Put an Order Form or Shopping Cart on Your Website :-
Once you have signed up the vendor of your choice, you will be able to put an order form or shopping cart on your site. Each vendor has a different method for this, but most, if not all, will provide you with pre made forms that you can customize for your product or service.
Trying It Out :-
Whichever you choose, if you are selling things / services on the Internet, you really have not much choice but to accept credit cards and debit cards. You probably don't know what you missed until you try it out.
As I am not the Business Guru But these are from my own experience based tips on online business. However all the best for your success in online Business.


Business & Information Technology Has Become The Backbone Of Country's Economy : Latest Survey Says

Business & Information Technology is the backbone of a modern country as both are maintained the economy of that particular country. A survey report has showed that Indian management sector is not so backward classes. Some of Indian professional institutes are more updated than the other world class institutes in developed countries such as USA, UK, Australia etc. Particularly Indian Institute of Information Technology and Indian Institute of Management are the pioneer of the world class professional education provider in India. These institutes are providing the top class business personnel and high ranked bureaucrats as both group of personnel are the driver of a country’s economy. The Economic World Survey (NGO) has showed the top 50 World class Business & IT education providers’ Indian Institutes. Bellow the list [Admin declaration:- We are not responsible for the listing & all copy right @ Economic World Survey ]

2      Indian Institute of Management Ahmedabad
 Xavier Labour Relations Inst Jamshedpur
 Indian Institute of Management Lucknow
 Indian Institute of Management Indore
 National Inst of Industrial Engg Mumbai
 Faculty of Management Studies Delhi
 1Ø SP Jain Inst of Management Mumbai
 1Ø Xavier Institute of Management Bhubaneshwar
 1Ø Indian Institute of Foreign Trade Delhi
 1Ø Inst of management Technology Ghaziabad
 1Ø Management Development Inst Gurgaon
 1Ø Shailesh J. Mehta School of Mgmt Mumbai
 1Ø International Mgmt Institute Delhi
 1Ø Jamnalal Bajaj Inst of Mgmt* Mumbai
 1Ø Narsee Monjee Institute of Mgmt Mumbai
 1Ø Welingkar Inst of Management Mumbai
 1Ø Symbiosis Centre for Mgmt Pune
 1Ø Institute of Rural Management Anand
 1Ø KJ Somaiya Inst of Mgmt Mumbai
 1Ø Alliance Business Academy Bangalore
 1Ø Nirma Institute of Management Ahmedabad
 1Ø Goa Institute of Management Goa
 1Ø ICFAI Business School Hyderabad
 1Ø Loyola Inst of Business Admin Chennai
 1Ø Bharathidasan Inst of Mgmt tiruchirappalli
 1Ø Inst of Health Mgmt Research Jaipur
 1Ø Amrita School of Business Coimbatore
 1Ø Christ University, Inst of Mgmt Delhi
 1Ø Inst for Financial Management Chennai
 1Ø Lal Bahadur Shastri Inst of Mgmt Delhi
 1Ø Balaji Inst of Modern Mgmt Pune
 1Ø NIILM Centre for Mgmt Studies Delhi
 1Ø Dept of Mgmt Studies, NIT Tiruchirappalli
 1Ø Institute of Management Studies Ghaziabad
 1Ø PSG Institute of Management Coimbatore
 1Ø Institute of Public Enterprise Hyderabad
 1Ø SIES College of Mgmt Studies Mumbai
 1Ø Rourkela Inst of Mgmt Studies Rourkela
 1Ø SDM Inst for Mgmt Development Mysore
 1Ø Moti Lal Nehru National Institute Allahabad
 1Ø ITM Business School Navi Mumbai
 1Ø ICFAI Business School Mumbai
 1Ø Symbiosis Centre for Info Tech Pune
 1Ø Jaipuria Institute of Management Lucknow
 1Ø Dept of Mgmt Studies, ISMU Dhanbad
 1Ø Acharya Inst of Mgmt & Sciences Bangalore
 1Ø Regional College of Management Bhubaneshwar
 1Ø Vignana Jyoti Institute of Mgmt Hyderabad
 1Ø VIT University Vellore
 1Ø School of Comm & Mgmt Studies Kochi
DDays have changed now all every thing depends on information based data centers every where in the world.Business mantras also has gone to virtual world as such 60% of trades are done by virtually.