Many small business owners would like an online store to sell their products or services and receive payment by credit cards. We have been asked by small business owners “What do I need to setup an online store” as they don’t fully understand it. An online store that accepts credit cards require multiple components to make it operational.

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Online Store “What do I Need”
Online Store
Sea N Sun
Online Store
SeaNSun LLC

2. Online Store “What do I Need”
Online Store “What do I Need”
Many small business owners would like an online store to sell their products or services and receive
payment by credit cards. We have been asked by small business owners “What do I need to setup an
online store” as they don’t fully understand it. An online store that accepts credit cards require multiple
components to make it operational.
1. You need a domain name (a web address - www.mystorename.com)
2. You need hosting (a place on a web server that holds your Shopping cart and files)
3. You need a Shopping Cart (web interface to post items and descriptions)
4. You need a merchant account (interface between your shopping cart and the bank or credit card
company)
5. You need a bank or credit card company (to process the credit card transactions and link to your
bank account for deposits)
6. You need SSL certificate for security and encryption (banks and credit card company require
your shopping cart site is secure)
To setup an online store you would need to own or purchase a domain name, hosting, shopping cart,
merchant account, SSL certificate and apply to a bank or credit card company to process the credit card
transactions.
The above are straight forward and relatively inexpensive until you get to the Bank or Credit Card
Company. Most banks and credit card companies charge an application fee, a monthly fee and
transaction fees. Transaction fees usually vary based on the amount of transactions per month. An
example would be if you processed $5,000.00 a month from your online store the banks might charge
you 5% of each transaction they process. If you processed $50,000.00 a month from your online store
the banks might charge you 3% of each transaction they process and if you processed $100,000.00 a
month from your online store the banks might charge you 1.9% of each transaction they process. The
fees in this example are not meant to be accurate as banks and credit card companies offer different
transaction fees that can vary from bank to bank.
Credit card processing can be expensive for most small business owners so we offer several other
options like PayPal, COD or manual payments in the setup and purchase of our Shopping Cart® that may
be a better cost solution. We also offer many FREE products with the purchase of Shopping Cart® like
FREE hosting and FREE 24/7 Support.
SeaNSun LLC | Millbury, Ma Page 2