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GETTING PAID FOR YOUR BUSINESS SERVICES
 
Ok, the most important thing. How to get other peoples money into your bank
account. Take some time to get organised before you start any business
venture. You don’t want customers waiting around for their goods while you
get your logistics and administration in order. A few minutes now can save
hours later, when things get really busy.

Manage Your Accounts
Keep track of those lovely profits with some free accounting software. Don’t
worry, it’s not as complicated as you might think. And keeping track of your
costs is essential to avoid overspending in the early months.
www.freeaccountingsoftware. net

PayPal
If you want to sell anything online, you will need a PayPal account. It is the
most recognised online payment facility and most people now use it. The
beauty of PayPal is it only costs you to receive money, so your customers will
be happy and you won’t be charged a penny until you start making money.
Top Tip: keep your account balance fairly low as there are lots of horror
stories about PayPal freezing peoples accounts.
www. paypal. com

Moneybookers
Moneybookers is another online payment facility, but here fees are charged to
the person sending the money. This is a popular account for wholesalers and
dropshippers. It’s free to open an account, and very easy to send and receive
money in different currencies.
www.moneybookers. com

MetaCharge
If you want a more advanced online merchant account, then try MetaCharge.
The low cost merchant account offers a secure payment gateway and full
technical support. Start up fees from £125.
www.metacharge. com