Monday, May 14, 2012

How to Pay for Goods Online and Receive Money From Your Internet Business


One of the problems that internet newbies always face is how to buy materials or other stuffs from the internet most especially if they fall in the countries where there is no functional credit or debit card system. There is no doubt that Nigeria fall into one of those countries. But I have this to tell you if you’ve been worried to stop worrying because I’m going to open your eyes to how to generate your virtual Visa card which you can use to buy anything on the net.

To generate your first Visa card you are going to use two sites which are: www.virtualterminalnetwork.com And  www.graphcards.com.
Because of the space and time factors I’m going to limit myself to just telling you how to go about them. If you want to know more about the two sites just log into them and have a feel of the sites.

The simple process to follow is to sign up with Virtual terminal network and get your individual account at the site address given above. Once you have opened your account and find yourself in the your account section of VTN, try to locate a button with the tag Fund Your Account. Here you will be able to see two options through which you can fund your account. The first option is through direct funding which you can do by getting their UBA Account Number and pay directly into the account at any of the UBA branches. The second option is for you to buy their pin which you will load onto your account and the money will show up immediately

You have to open this account because it will help you to fund your Graphcard account. Having opened your VTN account, the next thing is to open Graphcard account following the site address I provided above.  Just open an account with  Graphcard and make a tour of the Graphcard’s site to see how it looks like. After this log into your account and fund it through VTN account you opened above. The next thing you will do is to generate your visa card using the link provided for you in your account. 

Another means of payment through which you can buy goods and services online is e-currency. E-currency is the same thing as electronic currency. This type of currency cannot be seen or touched as the traditional paper or coin currency. You can only spend them electronically. There are so many types of e-currencies that can be used online to buy products online. I shall mention few e-currencies here and their corresponding sites:  

        Liberty Reserve @ www.libertyreserve.com
        Ebullion             @ www.ebullion.com
        Webgold           @ www.webgold.com

For better understanding just visit these sites to read more about them.


How To Receive Money from Your Internet Business to Your Local Bank.

Besides making payment there are lots of ways through which you can receive money from your internet business. Most of the means of payment mentioned above can also be used to receive money from your internet business. For instance, if you are using ecurrency account to collect money online, you will need people who are in need of that ecurrency and are ready to buy it from you. In short, you can start making money as an exchanger of e-currency. Let’s take ebullion as an example. Let’s assume you have 200 dollars in your ebullion account. How do you turn your ecurrency into naira? One, you could look for somebody that will buy it from you using Naira. Two, you could sell it to e-currency exchanger and get your cool cash.

Nevertheless, there are other ways through which you can receive money from your online business. Assuming you want to sell products online, you can use anyone of these online payment solution providers. www.paypal.com, www.2checkout.com, www.clickbank.com.

These website will help you to accept credit card online. You should however, know that Paypal and Clickbank do not allow Nigerian to enjoy their services for the reasons best known to them. However, as a Nigerian you can use 2checkout legally. The only difference is that you will be required to pay 45 dollars to register so that they can set you up to sell your product through their platform.

How do you receive your money from the three websites above? If you are using paypal the only way to receive your money is to link it to your US bank account which you can get by signing up with Payoneer.com. 2checkout will link you up with Payoneer master card which you can use to collect your money from zenith Bank, Ecobank and Airport’s International ATM in Nigerian currency.

If you are doing affiliate program with Clickbank, the best way to get your money to GTB is through the use of Graphcard. The virtual address which you get from Graphcard will enable you to withdraw money to your saving or current account in Nigeria. How do achieve this? In any of the programs above where your money will be paid through check make sure you fill the company name of Graphcard as Payee when you are filling your form. Once you do this, any time Graphcard receive your check through the postal address given to you, what they will do is that they will remove their 5% and credit your account with them the check balance. It is this money you will access in your Graphcard account and withdraw to your GTB account be it Saving or Current account.

If you find it difficult setting up your account with all the Payment solution companies mentioned above such as Paypal, Clickbank and 2checkout as well as funding them, you can contact me.

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