2013년 12월 3일 화요일

About 'demo account'|Learn By Hands On Forex Trading: Demo Accounts Vs Mini Accounts







About 'demo account'|Learn By Hands On Forex Trading: Demo Accounts Vs Mini Accounts








Have               you               ever               wondered               why               some               small               business               owners               don't               accept               credit               cards?

Or               why               others               have               a               $10.00               minimum?

Well               it's               not               because               it's               hard               to               get               a               merchant               account.

Banks               and               other               3rd               party               merchant               gateway               companies               are               knocking               each               other               over               to               sign               up               new               merchant               accounts.

It's               the               fees.

The               average               merchant               who               accepts               credit               cards               pay               a               monthly               fee,               a               discount               fee               between               1%               and               as               high               as               8%               per               a               trans               action.

I               never               understood               why               they               call               it               a               discount               fee.

They               don't               give               the               merchant               a               discount               for               doing               business               with               them;               they               charge               them               the               fee               on               top               of               the               total               amount               the               customer               spends.
               For               example               if               a               customer               spends               $50.00               the               merchant               is               charged               1               to               8               %               based               on               the               total               sales               price,               plus               I               forgot               to               mention               the               per               transaction               fee,               on               top               of               the               monthly               gateway               fee               I               mentioned               before.

Plus               any               yearly               fees               each               credit               card               they               accept               may               or               may               not               charge.

So               a               $50.00               purchase               can               cost               the               merchant               around               $3.75.

Oh               yes.

I               forgot               the               charge               back               fee               for               when               a               customer               brings               the               item               back               and               request               a               refund.

You               get               the               ideal.
               For               many               years'               small               webmasters               and               Internet               based               business               owners               were               able               to               avoid               all               of               these               fees               by               setting               up               accounts               through               3rd               party               billing               agents               such               as               Ccbill.com.

These               companies               didn't               charge               a               setup               fee,               no               monthly               gateway               fees.

They               took               a               small               percentage               of               the               total               cost               usually               under               2%,               plus               a               small               per               transaction               fee               around               about               .35¢.

This               made               accepting               credit               cards               affordable               for               anyone               who               wanted               to               sell               over               the               Internet.
               You               would               think               it               was               a               win-win               situation.

Well               Visa               discovered               that               they               were               loosing               money.

They               could               only               charge               companies               like               Ccbill.com               one               yearly               fee.

But               they               had               thousands               of               websites               accepting               payment               from               their               card               holders.

Now               Visa               still               got               the               discount               rate               and               the               per               transaction               fee               for               each               transaction               that               Ccbill.com               and               other               companies               like               them               charged.

So               what               did               Visa               do?
               A               few               years               back               Visa               started               charging               every               website               that               accept               their               card               $1,500.00               a               year,               for               the               honor               of               accepting               Visa.

No               one               else               charge               that               type               of               a               fee               to               internet               merchants.

In               fact               you               can               still               go               to               Ccbill.com               and               accept               every               other               major               credit               card               without               any               additional               fee.

So               why               did               Visa               do               this?
               Visa               said               it's               due               to               credit               card               fraud,               associated               with               Internet               sales.

But               if               that               were               true               why               don't               American               Express               and               MasterCard               charge               similar               type               of               fees?

The               truth               is,               in               my               humble               opinion,               they               got               greedy.

As               result               many               small               Internet               merchants               had               to               either               fork               over               the               money               or               find               alternative               methods               of               accepting               credit               cards               at               an               affordable               rate.
               You               may               be               asking               yourself,               and               I               hope               you               aren't               speaking               out               loud,               why               didn't               the               merchants               simply               stop               accepting               Visa?

Good               question.

Visa               is               the               number               one               card               that               most               people               use.

Also,               if               30%               of               your               customer               base               charged               their               purchases               using               Visa               you               risk               loosing               30%               of               your               business               over               night.

It               sounds               like               a               shake               down               to               me,               but               who               am               I               to               make               that               assumption?
               Many               merchants               went               to               offshore               3rd               party               billing               companies.

This               was               risky,               because               the               merchant               had               less               protection,               if               the               billing               company               didn't               pay               the               merchant               and               they               paid               slightly               higher               fees.

Well               Visa               stopped               that               cold               in               its               tracks,               by               simply               imposing               a               higher               fee               for               off               shore               accounts.

So               now               small               Internet               merchants               who               want               to               continue               to               accept               Visa               as               a               form               of               payment               from               their               customers               had               to               pay               up               or               risk               having               to               shut               down.

Capone               would               be               proud.

Did               I               just               say               that               out               loud?
               You               never               guess               who               teamed               up               and               saved               the               day               for               the               small               Internet               merchant?

Give               up?

PayPal.com               and               ebay.com               came               to               the               rescue.

PayPal.com               and               ebay.com               teamed               up               to               make               buying               and               selling               on               ebay.com               easier               and               more               secure.

So               PayPal.com               made               their               system               totally               automated               users               can               add               a               PayPal.com               "Buy               Now"               button               to               their               ebay.com               auction               and               accept               payment               online.

The               buyer               could               pay               with               any               method               they               preferred               from               bank               transfer               to               credit               card,               including               Visa.

And               the               seller               doesn't               pay               Visa               a               $1,500.00               yearly               fee.
               So               now               you're               asking               how               this               applies               to               your               Internet               merchant               website.

Well               PayPal.com               isn't               a               traditional               3rd               party               billing               company.

PayPal.com               started               out               as               a               way               for               anyone               with               an               email               address               to               send               money               to               anyone               else               in               the               world               as               long               as               they               also               had               an               email               address.

Sort               of               like               the               Western               Union               of               the               Internet.
               So               when               you               sign               up               with               PayPal.com,               at               no               charge,               and               your               customer               does               the               same,               at               no               charge,               you               are               simply               two               people               transferring               money               between               each               other.

You               avoid               the               extra               cost               from               Visa               and               you               can               still               allow               your               customer               to               pay               using               their               Visa               card.
               So               why               doesn't               Visa               charge               a               $1,500.00               yearly               fee               to               the               millions               of               ebay.com               sellers?

Simple               ebay.com               is               the               Walmart               of               the               Internet.

Millions               of               dollars               a               day               are               transferred               over               ebay.com               everyday.

Simply               it's               good               business.

A               small               Internet               merchant               is               more               likely               to               pay               the               fee.

The               average               ebay.com               seller               is               a               stay               at               home               soccer               mom               or               dad               type;               they               can               just               as               easily               have               a               yard               sale               or               go               to               the               local               swap               meet               and               sell               their               wares.
               A               few               innovative               Internet               merchants               discovered               that               they               could               use               that               same               system               to               integrate               PayPal.com               into               their               site               and               accept               credit               cards.

PayPal.com               set               out               and               perfected               their               system               to               be               secure,               easy               to               use               and               so               simple               that               almost               anyone               can               incorporate               it               into               their               site.

PayPal.com               will               even               give               you               a               shopping               cart               feature               that               you               can               add               to               your               site               free               of               charge.
               Here               are               the               steps               you               need               to               start               accepting               payment               through               PayPal.com.

First               you               need               to               go               to               PayPall.com               and               setup               a               merchant               account               for               free.

You               must               have               a               merchant               account               to               accept               payment.

Next               they               need               your               banking               information               to               verify               your               account               and               to               have               a               place               to               deposit               all               of               the               money               you               make               from               sales.

Now               you               can               go               to               your               merchant               tools               page               and               create               a               link               based               on               the               type               products               you               sell.

Then               you               simply               cut               and               paste               the               link               into               your               site.

Very               basic               HTML               skills               are               required.

If               you               have               a               webmaster               they               can               add               it               in               a               few               simple               steps.

If               they               want               to               charge               you               some               sky               high               fee               to               add               this               type               of               payment               gateway,               get               a               new               webmaster.

This               is               really               nothing               more               then               writing               simple               HTML               code               and               it               should               not               cost               you               no               more               then               what               the               basic               fees               are.

They               shouldn't               charge               you               the               same               fee               they               do               for               incorporating               a               traditional               shopping               cart               system               into               your               site.

PayPal.com               has               automated               the               process               so               much               that               it's               as               simple               as               cut               and               paste.
               The               good               thing               is               that               once               a               customer               signs               up               with               PayPal.com               they               never               have               to               sign               up               again.

And               their               payment               is               completed               on               a               secure               server.

Once               you               complete               the               verification               process               by               PayPal.com               you               can               place               the               Paypal.com               Verified               Merchant               seal               on               your               site.
               If               you               want               to               accept               international               payments               without               the               headache               of               currency               conversion               rates               sign               up               for               a               Moneybookers.com               account.

It               works               just               like               a               PayPal.com               account               and               it's               free               to               sign               up.

You               need               to               sign               up               as               a               merchant               account               to               use               the               payment               options               on               your               website.

Both               sites               allow               you               to               keep               track               of               all               transactions               online.

Moneybookers.com               does               charge               a               one               time               setup               fee               and               a               small               monthly               fee.

Moneybookers.com               doesn't               charge               a               per               transaction               fee,               but               does               charge               a               small               discount               rate,               which               was               1%               the               last               time               I               checked               their               site               (May               29,               2006).
               If               you               need               a               more               sophisticated               payment               system               go               to               www.phpcoin.com               and               download               their               free               software.

This               software               will               work               with               almost               any               billing               system               around,               including               PayPal.com               and               Moneybookers.com.

Some               websites               have               this               program               as               an               option               in               your               control               panel.

If               not,               you               may               need               to               pay               for               a               web               designer               or               webmaster               to               integrate               it               into               your               site.

They               will               charge               you               their               normal               fee               for               setting               up               a               shopping               cart               system.
               I               have               two               sites               setup               that               use               the               PayPal.com               and               Moneybookers.com               systems.

Take               a               look               at               them.

I               only               use               PayPal.com               and               Moneybookers.com,               because               I               get               to               avoid               the               Visa               fees               and               keep               my               customers.

By               the               way               Visa               charges               the               fee               for               each               site               you               accept               their               credit               cards               from.
               http://www.abettermatch.com               is               the               site               I               use               the               basic               PayPal.com               and               Moneybooker.com               payment               systems.
               http://www.anthonyjcoe.com/hosting/mod.php?mod=orders               is               the               site               which               I               use               the               phpcoin.com               shopping               cart               software.
               http://www.anthonyjcoe.com/hosting/mod.php               is               the               control               panel               where               your               customers               can               login               and               manage               their               billing               account               with               you.

You               can               also               login               and               manage               your               customer's               accounts.

To               use               a               demo               version               of               this               control               panel               go               to               http://www.phpcoin.com.

Don't               do               test               orders               from               my               sites               unless               you               want               to               buy               a               web               hosting               plan.
               Both               have               advantages               and               disadvantages.

You               have               to               decide               which               system               fits               your               needs.

Now               go               forth               and               start               making               money               from               your               websites.

Leave               blogging               to               the               teeny               boppers.

If               you're               paying               for               web               space               you               should               be               making               money               from               it.









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