Thank you for the information.All payment options have risk.
Credit card processors can shut you down and hold your money, too.
Even bank account based payments are not completely "safe". With direct debit inside the EU for example, customers can get their money back immediately with a click of a button in their online banking withing 8 weeks or more. Of course it has legal consequences if they do (its basically fraud), but the possibilty is there. But in Germany its the most commonly used payment method with a very very large lead (basically the equivalent to credit cards in the US), so you cant ignore it.
Safest is obviously advance payment via wire. But who likes to pay with that? Some of my customers do, but I have to cancel a lot of these orders because they simply dont pay/forget about it.
You have to find a balance between risk/control and conversion rates. Because most customers like paypal/directdebit/credit card... Diversify. Build a relationship with your payment processor when you start doing higher volume. Have alternatives set up ready to go in case somebody shuts you down for whatever reason.
I definately need to read into this topic more before putting my business online.
I don't expect many sales in the start(I don't get high hopes, as I'd rather be surprised than to be dissapointed.), but you never know.
So far the plan was to put everthing through paypal, as it accepts direct debit, credit card, Ideal(imo the best way of payment...ever) and paypal payments.
But this post makes me think twice.
So I'll have to go read and think about other options(Not all options are available for me as my company is not based in the US/Canada)
On first view Google wallet however looks like a potential other option. (Just a first view, did not research them yet)
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