Matt - Essay Example

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Matt

rder to provide added security, Matt needs to set up a PayPal account for his business because the vast majority of people like to use credit cards or debit cards when shopping online. Even though Matt will have to pay a small fee for this privilege, the benefits of this system far outweigh the negatives. The use of such a system as PayPal will give customers more certainty over the legitimacy of Matt’s services because these systems provide extra security for customers. Furthermore, Matt should allow customers to pay through methods such as checks, money orders, or cashier’s checks. But, to encourage consumers to use these methods, Matt should offer a discount if a customer’s purchase is significant ...Show more

Summary

Matt doesn’t prefer payment cards for the simple reason that payment card service companies would charge him transaction fees in addition to monthly processing fees. To many people, these fees are considered unnecessary costs of doing business. However, if Matt does not choose…
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