5 a act payment systems (1)

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5.A. ACT PAYMENT SYSTEMS 1. INSTRUCTION SUMMARY As we have a web shop, our payment systems are very important. For this activity, we analysed the most popular payment systems. We also took a closer look at our target audience so we can adapt to their needs.

2. RESULT a. Most of our clients have a credit card to pay for their purchases. Most business clients use Maestro, Mastercard or American Express. The private customers prefer paying by Visa. As we are offering products for business clients but also for private customers we would like to have different payment methods so we meet the needs of each client. b. To buy the products of our webshop you will need a PayPal account. We have chosen for the most used systems PayPal because it’s easy and safe for both parties. With this system you can pay by Visa, Maestro, Master Card, American Express. c. The payment service offered on Wix is only PayPal for free web shops. The webshop technology platform accept PayPal as payment service. d. Depending on the volume of sales PayPal calculates sales between 1,7% and 3,4% transaction fee on the total sales amount, plus €0,35 per transaction for receiving payments. There are no hidden costs. We only have to pay when we receive payments. The more we sell, the less we will pay. For the customers the system is free, they don’t have to pay anything for a transaction. Only if it is a transaction in a foreign currency, a little amount will be charged.


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