In this report I will be explaining to you the benefits and negatives of ecommerce. I will also be talking about electronic payments and the risk of on-line fraud and what it could mean for your business. To finish off this report I will be giving my recommendation, but by then I think you will have already made your mind up whether you want expand your business into the area of ecommerce or not.
In the benefits of ecommerce section I will be explaining to you the potential benefits that the world of on-line shopping have to offer to you. Then I will explain to you the many benefits of electronic payments on-line and what that could mean for your business. Then in the later section I will tell you about the negatives of ecommerce like having lots of negative exposure on you on-line business and what that could mean for your business and about on-line fraud and what to do to be protected against the thousands of fraudsters on the internet.
The Benefits of Ecommerce
There are many benefits to setting up a business on-line or extending it to be also on-line. There are also many ways that the payments and purchases can be made on-line, some better and safer than others. I will now give you a brief explanation of the benefits that can be had through the introducing your business to the internet.
These days there are businesses of all different sizes, in all different sectors that are using the internet in many different ways. Many big companies like for example Sainsbury's and Tesco's are reporting benefits from the use of the internet. These benefits are cost saving, reductions in inventory, improved customer service, the gaining of new customers and increased sales, and lastly and probably most importantly ...
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...f electronic payments like card payments, mail order, on-line payments, bureaus, secure order forms, BACs, alternative payment methods or even no electronic payment method if you want. I would personally choose a program like PayPal which has been tested and is used by eBay.
PayPal allows businesses to securely, conveniently and cost effectively receive payments on-line. The product is ideally suited for small businesses and has right now 63.8 million member accounts and is accepted in 45 countries around the world making it an easy and effective way to transact internationally.
Harry Temmink, (2006) Introduction to ICT, Pearson.
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