facts and stats

Online buyers are now growing ever more confident, more and more people are choosing to buy online, consumers are starting to grow aware that it’s safe to buy online even safer and more secure than buying over the phone or within a shop.

Recent forecasts have found that 20 million UK shoppers will spend a total of £17bn online this year. Looking further ahead, the IMRG estimates that by 2009 a quarter of all UK shopping will be carried out online or via mobile devices, boosting annual online sales to £80 billion. A further 20% of purchases will be influenced by online research.

Shoppers in the UK are almost doubling their online spending year-on-year. Online UK sales for the final quarter of 2003 were 91 percent higher than sales in the same period in 2002. During the period, Visa cardholders in the UK spent over £1.8bn via the internet.

Online shops need to react quickly to individual sales. Research found that unless online shoppers receive a response within one business day, two-thirds look elsewhere.

A recen survey shows that Britons are the second most Web-savvy people in the world, with only the Danes more clued up,

E-commerce and Online Shop Payment System

The purpose of this section is to offer you information about the way the online website payment system works and to help you choose which payment system best suits your business needs. Webbed Designs work with two well established, trusted third party payment systems in order to offer our customers the option of choosing a payment system that best suits their needs.

Click on one of the below links to find out more:

The Payment Systems
Payment System 1
Payment System 2

How does the payment system work?

What responsibilities does my business have?
I'm not sure which payment system to choose
What about fraud?

The Payment Systems

The following payment systems are ideal for business's that do not have an internet merchant account.

Payment System 1: Merchant account with processing

*Credit card transactions costs include: credit card transaction charge and a service charge for your merchant account.



Payment System 2: Merchant Account and Processing

* 3.4% is the maximum transaction percentage. This transaction percentage is based on your previous month's earnings. The lowest transaction percentage is 1.9%.
* Except American Express Corporate Card.

How does the Payment System Work?

The payment system is integrated into your website to allow secure payments* over the internet. The integrated payment system can include a shopping cart, item buy buttons, donation buttons and will include a page for payment. The user will be taken to a secure area to complete personal information and card details when making a payment. This information is then sent via 128 bit SSL encryption to your merchant account for processing. The processing can be automatically processed by your payment system to accept the payment or the processing can be performed by your payment system and then ask for confirmation from your business. Once the payment is authorised the funds will then be deposited into your bank account.

What responsibilities does my business have?

The main responsibility your business will have is to check regularly for payments and to deliver the item/service to the customer once a payment has been received.

I'm not sure which payment system to choose

Our advice for most business's would be to opt for payment system 2. We advise business's to opt for payment system 1 if your business needs to be able to accept most methods of payment and can afford the annual fees. We advise business's to opt for payment system 2 if you are happy only accepting the major payment methods and wish to take advantage of the cost free setup fees and annual costs. Obviously there may be other factors involved so you may want to discuss this with us in more detail.

What about fraud?

Payment system 1: To be covered against fraud using payment system 1 you will need to take out an extra fraud protection policy which also entitles you to a free anti-fraud policy. The fraud protection policy will cost you £20 per month.

Payment system 2 includes fraud protection cover in the costs as long as you follow the strict guidelines.