You can accept online payments for your business through PayPal and with a merchant account. A merchant account often comes with start-up, monthly and per-transaction fees. PayPal also charges a small percentage of the total transaction in addition to 30 cents for every order.
PayPal allows customers to pay online with a credit or checking account, as long as they have an email address. The online payment system charges anywhere from 0.7 to 2.9 percent for each transaction, depending on the total volume of your sales, as of April 2015. You can add a special button to your business website that allows customers to purchase your products and services through their PayPal accounts.
A merchant account lets you accept online credit card payments. In addition to a merchant account, you need a bank account and a method of processing payments to accept credit card payment. You may pay anywhere from $50 to $200 in start-up fees and monthly fees ranging from $4 to $20. The amount you're charged for each transaction ranges anywhere from 1.5 to 3 percent and is determined by your amount of credit card sales.
If you've incorporated your business and have chosen a corporate name, you can also accept check payments. Have customers make checks out to your company and deposit them into your business bank account. Doing so is a good way to keep business money separate from your personal money.