About Ecommerce Electronic commerce is commonly known as the e-commerce or ecommerce is a type of industry where the buying and selling of products or services is conducted over electronic systems such as the internet and other computer networks. Electronic commerce works on technologies such as the mobile commerce, electronic funds transfers, internet marketing, online transactions processing, electronic data interchange (EDI) management systems and automated data collection systems, modern electronic commerce typically uses the World Wide Web at least at one point in the transactions life – cycle When online shopping or e-shopping is a form of electronic commerce which allows the customers who can directly buy goods or service from the seller over the internet using the web browser. There are many alternative names for shopping online e-web store, e-shop, e-store, internet shop, web-shop and online store. Mobile commerce which describes purchasing from online retailers mobile optimized online site or using an app. An online shop evokes the physical analogy of buying products or services at a bricks and clicks retailer or shopping centre. The process is called business to consumer (B2C) online shopping. In the case where a business buys from another business this is called business to business (B2B) online shopping. There are many online retailing corporations such as amazon.com and EBay. Retails success is no longer all about the physical stores this is because of the increase in the retailers now offering online store interfaces from customers. With the growth of online shopping, comes a wealth of new markets footprint coverage opportunities for stores that can appropriately cater to offshore markets demands and service requi... ... middle of paper ... ... on your PayPal account and bank details would be private. Transfer money You would will be able to send money through PayPal. Users would be able to instantly transfer money to themselves, this would save a lot of time just with few clicks. App The application where it makes it easier for the user to shop and transfer money whenever they want to. You would be able to send money, pay for any purchase made; this would let you review your transaction history. Online auction PayPal is mainly used for eBay, PayPal is used with the online auction, you would be able to place bids and make the purchase safely. Ebay bidders have more protection than most credit card holders when it comes online shopping sites Cost There is no charge for using PayPal it is free for users using it, it gives the users advantage to the users using the service and don’t have to pay
In terms of PayPal’s corporate level strategies, they have focussed on innovation where they are trying to bring new system and feature into their existing technology or product. The process is to cope up with the growing number competitions such as Apple Pay, Google Wallet and other financial institutions and providers. According to Keith Bossey PayPal was the only alternative web and mobile based payment processing provider among a field of 35 competitors to earn ‘Star’ status in their brand equity. They are the only brand used by a majority (53%) of micro to small medium sizes business and private enterprise owners around the world (Fallon, 2014). PayPal’s another corporate strategies was to connects with financial institutions around the world and allows customers to collects payments using a wide range of payment method such as Visa Credit, Online banking etc. It happens regardless of where the business and seller is being located. Despite the split from their parent company eBay in 2015. They have embarked their payment system journey through strategic acquisitions and growth in their strategies (Nunez Enterprises, 2015). At the same time their innovation and emphasis leads one of the profitable business and trying to do their best to serve consumer their services. The report show that they continue to expend their operations covering all seven continents and trying to reach as many consumers as possible to enable easy and faster payment system. According to CEO Dan Schulman PayPal will be providing “full service” to their
Additionally, the innovative team at SnapCard has developed a great system that allows you to use Bitcoin to order from any website in the world that accepts Visa or Master card.
PayZippy is a payment gateway just like any other of the 1000’s of payment gateways out there and provides service to FlipKart and the likes of other E-Commerce players out there. The business model is pretty simple they charge a transaction processing amount to every transaction that goes through their payment gateway infrastructure. How payment gateways make money is something that you need to read in detail. I will give an overview of the various modes of payments here. Basically transaction processing charges differ from mode to mode like it is lowest in Debit Card and Net Banking (around 0.75% to 1.00%) of the transaction amount. Credit Card (1.5% to 2.25%), American Express Cards (3.00% to 3.50%) – So depending on the mode that the user selected to make the payment the e-commerce company will get an amount after retaining the transaction processing charges e.g. I buy a Book for 1000 INR and pay using AMEX Cards via PayZippy the selling e-commerce portal from where
Not only are we limited to just cash and checks like those of yesteryear, but we have many new and convenient ways to spend such credit cards and PayPal. You could even send someone money over Facebook and Snapchat! There are various advantages to each payment method. Some people choose cash to help control spending, others prefer using credit cards to earn reward points. There are many
Let’s say in small villages & remote areas where only few people have internet access. The customer can go to their local store & use the shop keeper’s internet connection to browse & select goods from Amazon.in. The shop keeper record their order & alert customer when their products are delivered to the store. They collect the cash payment & pass the money, minus a handling fee to Amazon. This arrangement intelligently patches the problem of conducting e-commerce in a cash economy. Also, the store owners report an increased in sales of their
E-commerce, a system by which people can buy, sell and deal without even seeing the person on the other side, has taken a front seat in improving the economy of countries around the world. Technology today has made it possible for monetary institutions to help locate the customers resources and help solve their problems at any given time through online banking.... ... middle of paper ... ...
PayPal is an account-based system that allows anyone with an email address to send and receive online payments. This service is easy
...ng an acceptable form of transaction.Governments need to be more transparent to the public.A lot of ‘under table’ transaction take place in the most basic everyday services(passport,license, tax).Such services has the capability to go online reducing the red tape as money is only used via online transaction.
Electronic Commerce as popularly as E-commerce has become a big deal in our growing economy due to the increase use of online systems. E-commerce now of the fastest growing business in the world. The technology has change the way of business. Business that have physical location have now made it an effort to focus their online business. It is the new sort of business platform where you can make use of different technologies like electronic data interchange or transfer document electronically. Online business is an effective of sales.
E-commerce or electronic commerce is carrying out business communications and transactions through computers and over networks. It involves buying and selling of goods and services through digital communication. E-commerce also includes transactions on the World Wide Web and the Internet and means such as electronic funds transfer, smart cards and digital cash. E-commerce covers outward facing processes that interact with customers, suppliers and external partners such as sales, marketing, delivery, customer service, purchasing of raw materials and supplies for production.
One of the reasons why banks adopted this new system, was the ‘boom’ in online shopping and the need for an online payment platform. For the bank themselves, online banking reduces customer service staffing levels, as well as improving speed and flexibility of business transactions. (Shih and Fang, 2004)
What's e-business? It is the transformation of every business process through using the internet and associated technologies. In this transformation, each part of the business becomes a part of an intrinsic network, which enables employees, suppliers and customers of a given enterprise to conduct their tasks. People usually try to make a point in differing e-business from e-commence, but as I see, e-commerce is a part of the e-business category, and an important one.
Simply, any e-commerce done through wireless devices (e.g. mobile phones) over any network especially the internet.
E- Commerce is a phenomena that is emerging rapidly between businesses all over the world, and it has affected the businesses at all sizes in many aspects.
The high take-up of the Internet leads to variety of opportunities in front of companies. People are more online than ever. They spend many hours each day on Social Networks such as Facebook and Google+. It is no wonder that buying and selling can now be done in a more convenient way. Although traditional shopping is still thriving, online shopping can be an alternative for people wanting to save time and money. If a certain customer plan to go shopping, it could be stressful and also be time consuming. E-business has made shopping or any kind of transactions online much easier and convenient. It introduces new facilities, opportunities and way of shopping for both vendors and customers.