Featured
- Get link
- Other Apps
Payments and Shipping
A retailer , manufacturer anybody can start there E - Commerce website .
When to start e - commerce website ?
When you have identified a unique concept and have proof of concept . Don't start until you have not sold a single piece .
Sell some product before starting .
How to start ?
Reach web developer , but if you can hustle a little more , if you can create something then suggestion is do yourself , learn yourself , implement it .
A couple of platform is Shopify , WOO Commerce. They help you create your own e commerce website without technical knowledge (Usually SaaS solution).
Both these platform have the features . They have large market share.
How to collect Payments Online ?
Payment gateway companies help you get payment Online.
Top is Razor pay, Pay U, Simpl - INR In india
USD or EURO etc - Stripe , Pay pal (very expensive)
They will charge on Each transaction .23.8 rs on every 1000 rs by Razor pay .
You should trust them , they have strong digital protocols .
In India you have to get approval from RBI if you want to become a company like Razor Pay , You have to have 2 million dollars every time as deposit !
You can trust them left right centre.
CC avenue charges 2%
Stripe charges you 3%
Pay pal online transaction charges 4% and Simpl charges 5% for any transaction .
Simpl is an Indian company while pay pal is American .
Example -
Transaction Value 1000
Transaction Charges 10
GST On transaction charges @18% rs 1.8
Amount you receive after deduction rs 988.2
Settlement date is transaction day + 2 days.
Strip has t +8 days , the first time you make transaction in pay pal can happen in 30 days .
Pay pal is one of the longer settlement periods .
Who should you go for ?
CC avenue is oldest in India
Razor pay is fastest and largest
They both charges 2% + extra charges.
If I am basing my decision on interface .
Strip is better than Pay pal , it makes you more convenient rather than arranging a pay pal account .
- Get link
- Other Apps
Comments
Post a Comment