Payment method?

gavney1

Hi guys

My company will be supplying online businesses with products that they are advertising on their websites i.e. they will sell the product on say, www.abc.ie and I'll deliver it.
So there are three parts of the process
1. CONSUMER 2. ONLINE RETAILER 3. SUPPLIER (ME)

So, as far as I can see, I have THREE options for getting paid once the end customer pays for the product via PayPal or whatever the website uses.

1. The ONLINE RETAILER then pays ME via PayPal (or preferably some cheaper software). And I release the goods once I'm paid
2. I invoice the ONLINE RETAILER after a certain threshold is reached (say goods amounting to EUR200)
3. The ONLINE RETAILER uses some fancier software than PayPal which automatically just gives me a COMMISSION.


Now obviously Option 1 is good from the point of view that I get paid straight away and don't have to chase payments. But it's going to be a pain in the neck for the RETAILER.

Option 2 is handy for the RETAILER, but I don't want to have to be chasing them for money.

Option 3 - I don't know if this actually exists. And obviously it might require the retailer to use something they don't want to. Or is there some sort of nifty feature already built into shopping cart software that does this?

Sorry for the length
Any comments appreciated

Shzm

Go with option 1. After you've built up a relationship with the retailer you can move to option 2 if you're happy enough to do so.

This is a common enough method of e-tailing and option 1 seems to be the most widely utilised. It's not a pain for retailers if your checkout is easy enough to use.

SQ2

Option 1. Having the cash upfront makes a huge difference, rather than having to devote to to possibly having to chase late or non payments.