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Ask the Anapurna Girls #2: Accepting Payments

Q. I'm doing a free webs site (because it's free) from which to advertise and/or sell jewellery. if i sell jewelllery from there, does anyone know how i could accept payments? - simone_kittie

A. Check/Money Order - These two payment methods are the oldest in the book. To sell with these, you'll need to wait until the check or money order arrives in the mail and has cleared at the bank before you send the jewelry. This can cause a delay of several weeks between ordering and delivery. Most customers will not want to be limited to this option, but it's fine to offer these along with other options.

Cash in the mail
- Some jewelry sellers accept payments under $20 in cash through the mail, but this isn't one I recommend. It's too easy for the money to be lost or stolen.

Paypal
- This is the easiest solution for most beginner to semi-professional jewelry makers, and the one I recommend. There are no monthly or service fees. It's free for your customers to send you payments through Paypal, and you'll be charged a fee of 2.9% + $0.30 USD if the transaction is under $3,000. Best of all, you can accept any major credit card through the service, which makes the fee well worth it. Paypal also provides free shopping cart and "buy this" button code for your website - all you have to do is copy and paste the code onto your site. Not bad for 3% of the sale.

Merchant account
- This is how major retailers sell online. These services, often called "gateways," process credit card transactions. My memory's a little rusty on these, but if I recall correctly, the fees run around 5-7% depending on the company as well as a monthly charge. You can find these online or through your bank. A gateway service should come with a shopping cart and the relevant code. I use Paypal for credit card transactions, so I'm not knowledgeable about merchant accounts. If you've used one, please feel free to chime in.

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