Notes 6 for E-commerce

Goals:

Learn how to connect to a Shopping Cart

Know the "What to look for" in a Merchant Service

Watch & Read:

Shopping Carts are a form that allows you to track your customers purchases.

Mal's e-commerce, Google and PayPal are popular free Shopping carts. Amazon offers shopping cart services with their hosting service.

I recommend you use Mal's e-commerce shopping cart because the service is free and because of its tutorials. You can customize Mal's shopping cart so it looks like you never left your site.

Merchant Services

When selecting a merchant service, make sure you know: Some services have multiple plans!

1. The monthly charges (if any.)

2. The yearly charges (if any.)

3. Minimum charge per transaction (if any.)

4. Percent of transaction charge (if any.)

5. How quickly you receive the money (how many days.)

6. What is your liability in case of fraud (complete, partial or no liability.)

7. What the merchant customer service policies of their service and how can you contact them.

8. The security measures the merchant services uses!

 

Review the following:

My Bribe site and Order Now uses Mal's.

Tutorial on accepting credit cards.

Check out American Express', Discover, PayPal merchant accounts

Credit Card Processing explanation.

Electronic Wallets : MS Passport ,& Liberty Alliance

Fraud is a major concern. Advice from Scam Busters and

take the Merchant Risk Council's Security Test

Terms you need to Lookup:

Merchant Account, Electronic Wallets, Transactions

Homework:

Reminder: Post your articles on Blackboard under the Weekly Articles on the Discussion Board Section.

Review: 3 Merchant Services for Homework and post your results on Blackboard. Create a table similar to the one you used in your host review except you would be wise to follow the criteria I identified above.

Sample
Merchant	Setup Costs	Monthly Fee	Transaction Fee	Liability	Security
1 Name	Price	Price	Price	info	info
2 Name	Price	Price	Price	info	info
3 Name	Price	Price	Price	info	info

 

Final Step:

Review in your mind everything we covered in class and remember to cover it again before you go to bed so your mind to process this information while you sleep.