Two responses need to be written for two discussion.
Please find the discussions below and material attached.Topics: Evan Moskowitz has formed an Internet training company called Teach-U-Comp to sell computer programming courses online. Each course costs $65, and students receive continuing education units (CEUs) based on the duration of the course and its level of difficulty. Evan expects to sell about 100 courses each month during his first few years in operation. He would like to accept credit and debit cards as payment for the courses. Evan is busy creating the online content and installing the course delivery software, so he hired you to investigate payment processing options for the site. Use your favorite search engine to identify three companies that process credit card payments for Web sites that sell downloadable digital products (such as Evan’s courses). Examine the processing services offered and fees charged by these three companies and choose one that you believe would be best for Teach-U-Comp. Write a 300-word report in which you summarize your findings. In the conclusion to your report, clearly state which company you would recommend to Evan and explain why.Discussion 1: I could find three companies like below, which provide credit card payment processing but have different scope of service.1. Shopify: All in one solution from marketing to payment. Their ecommerce platform helps lots of small business to start an online business. Also Shopify provide the functionality to manage products, inventory, payment as well. As Evan’s expected monthly revenue would be around $ 6.5K per month, basic Shopify ($29/month & 2.9% of revenue + 0.3 $ per transaction) would be sufficient. It offers Evan everything he needs right now – multiple currency payment, website, payment processing, 24/7 support.2. Stripe: It’s scope could vary depending on the level of service the user selected. Evan could have very basic feature (just credit card payment processing) which requires to pay a fee of 2.9% + $0.30 per successful transaction. But I believe Strype could be a good option if someone wants to customize. Someone may need only payment processing, others would want payment+ billing and so on. Evan can pay a little more (i.e. Billing for 0.5%) if he wants extra, not required to pay subscription for unnecessary features.3. PayPal: If Evan is having everything like website and contents other than payment processing, Paypal would be good way to accept payment. Paypal does not charge monthly fee but Evan needs to expect the fee of 2.59% (VISA, Master) ~3.5% (AMEX) of revenueI strongly recommend Evan to select PayPal for now because it is cheapest. As he has his website, training contents, and delivery method, what he only lacks of would be only payment processing. If he determines to receive his payment by Visa/Master card (like many small merchants do), he only needs to pay 2.59% fee for credit card processing. If he needs additional features in case his online business grows, then he can choose more comprehensive solutions like Stripe or Shopify.Discussion 2: Square:Square provides powerful service and thorough features with no monthly fees. It is ideal for low-volume merchants. It can be easy to set up and to use. With Square Payments, merchants typically pay a flat rate of 2.6% + $0.10 for swiped/dipped/tapped transactions, 3.5% + $0.15 for keyed transactions, and 2.9% + $0.30 for online transactions. There’s no monthly fee, statement fees, or monthly minimums. Square Online Checkout can be used to sell an item, collect a donation, or offer a subscription. Payment links can be sent via email, SMS text message. A payment button can be set on websites. It is the best choice for small brick-and-mortar businesses since it also provides affordable card readers.Stripe:Stripe is good for advanced website developers with more advanced functions. It provides more advanced tools like reporting and marketing tools. It can also take international transactions. The charge is 2.9% + $0.30 per transaction with no monthly fee, no monthly minimum, and no PCI compliance fee.Shopify:Shopify provides good templates for bigger e-commerce with a higher volume of sales. The monthly fee for the very basic play is $9. Charges for online transaction is 2.9% + $0.30 per transaction. Higher level plans have lower charges with more functions but higher monthly fees. But there is no termination fee, and accept international payments as well.Evan wants to sell computer programming courses. He has the experience and skills to be an advanced developer. I think Stripe is the best option with lower cost and more functions. With the computer skills he has, the advanced functions of Stripe can be better used and a big help to his own business.
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