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Should You Start with PayPal or Pay for A Shopping Cart System?

 

E-Commerce Solution

Cost

 

 

 

PayPal

Good starter system for less than 20 products

 

 

Charges a % for each credit card transaction. 

% is probably slightly higher than rate charged through merchant accounts.

 

5/11: Monthly sales fee

$.30 + 2.9% on $0-$3,000

 

 

 

 

 

 

Shopping Cart (example: Volusion)

If you need to set up Product categories

 

If you need to categorize by price point or any other criteria

 

If you need a back end admin area that can track status of order fulfillment, list of customers, any type of history status

 

 

 

Merchant Account:  allows you to accept credit cards

% of each transaction, with a $25/month minimum

 

Gateway:  is a virtual terminal, it provides the Internet connection with the merchant account

$10/month

 

Secure and certified shopping cart software and certified web server – we use Volusion

< 100 products = $25/month

< 1000 products = $60/month

 

Annual renewal of security certificate that gives you https:// ability:

$100-$200/year

 

Consultant time to set up website and train you to input products. 

Minimum 16 hours @ $80/hour

 

Summary of Shopping Cart Fees:

Minimum $60/month with $1,300 set up fees

 

 

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