amspcs
574 posts since
Oct 18, 2007
19.
Re: Small Business looking to start accepting Credit Cards Nov 23, 2008 11:39 AM

in response to:
intechspecial
Intech,
I enjoy reading your posts and of course respect your opinions. I do have a couple of qualms with your most recent post regarding credit card acceptance. I'll respond one-at-a-time:
Re: +"I have actually found that more people trust paypal and not once have I
heard anyone say to one of my customers would not do business with them
because they utilize paypal."+ While I wholeheartedly agree Paypal makes tons more sense than a traditional merchant account for many very small businesses+,+ the thought that more people trust Paypal security more than a traditional account borders is ridiculous. The opposite is true by a landslide--Paypal security issues and shortcomings are common knowledge. Also, in most if not all cases, a potential or lost customer would never communicate or verbalize that he/she refused to do business with a merchant because the merchant accepted Paypal+,+ so the merchant would never know. The customer just walks away and the merchant never knows. So the fact that you've 'never heard' of such a situation is not surprising.
Re: "A +small Mom & Pop shop is more personable and all that do business
with them trust they are honest, and usually do not need the same level
of security"+--you are entirely missing the point about security of ecommerce transactions. The security issue and risk involved has little to do with the merchant, it has to do with the security of the entity doing the processing over the internet; in other words, the risk is in exposing confidential personal and credit card data over the vast intenet during the process of authorization
and transaction transmission. Prying eyes have a much earier task in stealing data off of a poorly securied or unsecured processing system which is easily accessed by virtually anyone, Paypal being a prime example.
AMSPCS