About Online Payment Mode

bizvinbiz

Hi,

I am new to this online selling, so I am here to see if I can get any answer.

For online shop, normally the online retailer are paid or receive their income throught these mode of payment.

1) western union
2) T/T
3) paypal
4) COD

Well COD is very straight forward but I am not sure of the other 3 and I need help and advise on these area

1) Western union
-How to apply western union?
-when customer paid us, where does the money go? Do we correct it at
Western union branch?
-Is Western union consider a bank wire?
-What are the information I need so to provide to customer so they can paid
us?
-Is there a fee that we have to paid?

2) T/T remittance
-How do I apply for T/T service?
-How do I correct my money? Do I correct it in the bank?
-IS T/T consider a wire banking as well?
-What are the information needed so customer can paid us?
-Is there a fee that we have to paid?

3) PayPal
-For paypal, once I created an account I can purchase online.
but to receive payment, where does the money go to? Where do I collect
my money?
-what are the information I need to provide to user so they can paid?
-How does paypal charges us?

Please advise me, thank you