A business transaction always ends up with order fulfillment and payment. While accepting payment is easy for the brick and mortar businesses, it is not as easy for the online businesses. In particular, small and micro businesses find it tough to set up online payment due to the high fees of payment gateway service.
It is impossible to accept cash online, so the solution is to accept credit card payment or other online payment methods. In order to accept online credit card payment, you need to sign up with a credit card service provider. This form of payment might not be cost effective for the smalltime merchants. However, they can choose to use other payment services like PayPal.
Read more by following the link below: