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Credit Card Processing Pumps Billions Through the Economy ECommerce Articles | August 13, 2008
I have an online business and I am part of a group of Internet business owners who convene weekly in a private chat room to compare notes Luke Kuechly Hat , swap ideas and help each other out as needed. And the longer ...


I have an online business and I am part of a group of Internet business owners who convene weekly in a private chat room to compare notes, swap ideas and help each other out as needed. And the longer I talk to these other business owners the more I think the virtual retail world may be an important segment of the economy.


I started my business five years ago because I had a passion for it and dreamed that one day I would have my own store, but then two detours popped up. One Cam Newton Hat , I really started to enjoy my day job. Two, I could never get the numbers right when it came to what I would need to open a bricks-and-mortar business. To have good space in a decent location would take X amount of money, then it would have to be built out at X amount of money Christian McCaffrey Hat , then it would need utilities, business licenses ? the list seemed endless. And I knew that the more you have to spend to launch a business the longer it takes to achieve profitability.


Then one day I was browsing some ?net shopping sites and it occurred to me that maybe this was where I could start my business. I could keep my day job and handle the business evenings and weekends, and my startup costs would be minimal. All I needed was domain name Jordan Scarlett Hat , a hosting service, some reliable suppliers and the willingness to do a little work to get my name out there. And if it didn?t work or I didn?t like it I could always fold my tent and my losses would be minimal.


But this is when I got my best piece of advice. A buddy of mine was looking at my site before it went live and he asked why I didn?t have credit card processing and I was stuck for an answer. In fact, I was surprised that I?d never thought of it before. Every time I shop online I pay by credit card Christian Miller Hat , so it only makes sense my site would have merchant services as well. But what I knew about accepting credit cards could be put into a thimble.