When you want to sell products and services online, you need a way to accept credit cards and other forms of payment from your customers. The way you do this to have a payment gateway. A payment gateway makes sure that your customer, your ecommerce web site, and the banks involved can all communicate in order to make sure that transactions go through properly. If you plan to sell online, you need to accept credit cards. And if you want to accept credit cards, you need a payment gateway. One of the least expensive payment gateway options available is through Moneybookers.

Moneybookers payment gateway

Moneybookers helps online business web sites accept credit and debit cards. For the most part, when you use Moneybookers, you are only able to accept credit and debit. It’s a very basic payment gateway – a simple solution for many small businesses. Moneybookers processes payments in such a way as to help your customers feel secure, since they are not giving personal payment information to the seller.

One of the main advantages to using a Moneybookers payment gateway is the lack of fees. There are no set up fees, nor are there monthly fees. Social Security Number and address verification checks are available at no cost. Many of these benefits are also available when you sign up for what is known as the “eBay accepted payment option.” You can even accept international payments. The only fees charged are transaction fees, and those are based on your monthly sales. Below is the fee structure charged by Moneybookers:

• Up to $3,000 per month: 2.9% of each transaction, plus 29 cents.
• $3,000.01 to $10,000 per month: 2.4% plus $0.29.
• $10,000.01 to $100,000 per month: 2.1% plus $0.29.
• More than $100,000 per month: 1.9% + $0.29.

These monthly transaction fees are compatible with other low-cost payment gateway options. However, you do not have all of the services and features that you might get with higher-priced payment gateway options. Moneybookers is secure, and offers a valid and safe way for your customers to pay you.

Protect yourself from scammers

It is important – no matter what payment gateway you use – to protect yourself from scammers. In phishing schemes, scammers may pretend to be Moneybookers (or PayPal, or Google Checkout, or Amazon) to try and get access to your account and your personal information. Moneybookers and PayPal are among the most popular targets for scammers, but anyone can be vulnerable. The email will say that there is a problem, and then tell you to click on a link and enter your personal information. If this happens with your Moneybookers account, or some other payment gateway, make sure that you do not use the link in your email. Instead, open a new browser window and go directly to your log in. You can even directly contact your payment gateway service provider to let them know about your concerns. This way you can get information from the source, and better protect yourself.

In the end, there are a number of considerations for your payment gateway provider. You need to consider security, as well as price. For many small businesses, Moneybookers is a good choice. However, you need to make sure that you do your research and choose the payment gateway that will best serve the individual and unique needs of your online business.