Lease Agreement for Shared eCommerce Package

Video Services

Capabilities

TV/In-Studio Production

Computer/Web Services

Lease our eCommerce Cooperative Package

If you just want to set up a complete shopping cart site but not be bothered with the cost of owning a merchant account and setup up a commercial bank account you need to do the following:

1. You don't need a bank account. You just need to be able to cash checks.

2. You don't need to go to the expense of buying and maintaining a merchant account as you will in effect be renting ours. There are no costs to set you up in this regard. The only feature of this service is that we will deduct 10% of the gross sale amount for our service. There are no other on going costs other than the shopping cart fees below.

3. Lastly, you need shopping cart software which you rent from us. We provide you with a shopping cart called osCommerce. This is an open source cart that has a great many options available for it. We will configure the cart for you and at minimum maintain it's technical features. Making changes to your merchandise and monitoring orders is easy to learn. For an examples of our cart, click here. You would be provided a cart under the talos4.biz domain and we can set up of your initial cart for a one time charge of $75. You would rent the cart and it's associated web space from us for $5 per month although this will be waived once our 10% fee exceeds $5.

4. An additional feature of doing business on the internet is that you will need to collect and report sales tax. Since the cart through which you are doing business in located in Pennsylvania, only Pennsylvania customers will be charged sales tax and Talos4 will pay this tax to the Commonwealth of Pennsylvania.

There are thousands of possible features that can be configured for your cart that are not part of the standard installation. Our consultants can install special features on request for reasonable fees. Most people will find that our standard cart can handle most of the features you will need.

Normally, once your e-commerce site is set up, you are responsible for ongoing maintenance of your site (maintaining inventory, pricing, etc) although you can engage us for this work if you like at the prices for maintenance available on our web hosting page.

Note: unfortunately fraud can be a part of doing business on the Internet. In the event that a customer cancels their payment to you (which they can do for a variety of reasons) you can be find yourself with a "chargeback" in which you have the amount of the charge removed from your account along with a fee from the credit processing company. In this case, Talos4 actually experiences the chargeback but you will be required to indemnify Talos4 against the cost of any chargebacks less the 10% amount previously deducted by Talos4. Our experience is that this has not happened frequently to us or our customers but you need to be aware that it can happen and take it into account when dealing with Internet sales.

Sample of agreement form

To purchase eCommerce services please go to our eCommerce site.

Advantages:

	There are no monthly fees. If you do not do a high volume of business this is not a cost you have to incur each month.
	You do not need to establish a local commercial bank account and you do not necessarily need a DBA ("doing business as") or fictitious name certificate from your state government if you are not incorporated (most banks require this for a commercial account in the name of your business).
	You do not need to establish a sales tax account with your state as Talos4 will pay the appropriate sales to to Pennsylvania.

Disadvantages:

You have to share a percentage of the proceeds from your sales in order to afford your eCommerce solution.