Opening an online store

[jperry]

I'm not sure if I should put this in the working forum or not but it's not really work so I put this here.
Anyway, my friends and I are planning to open an online store selling stuff we've made like accessories, throw pillows, etc. We're wondering if we should just settle for Paypal or if we should get a merchant account. Any advice?

[namastebiotches]

I don't have much direct experience but I'd start off with Paypal if I were you guys. It's ultra secure.

[tawneekevinson]

Paypal would be the best option because it's free and easy to use, but if you intend to cater credit card transactions you can use your mobile to act as a credit card machine. You just need to install an app and attach a card reader to your mobile.

[jperry]

Our customers would then be limited to only those who have Paypal. I read somewhere that it can cause abandoned carts because some customers doesn't like the extra hassle of signing up.
And, it isn't a physical store so it would be no use to have a credit card reader.
One of my friends said that we should get a merchant account along with Paypal so we have more payment options. So I've been looking for one with decent rates. To those who have a merchant account, are the rates here in TSys good enough?