The clothes industry in this modern age has changed to where the click on of a mouse is king. 1) Products can be of inferior quality or not the same as was advertised or promoted on the seller’s web site. If the high quality is sub-standard, the transaction may be considered a “bait and switch” which means that what was offered is different from what the customer receives.
Money being allocated for the development of internet security systems is to facilitate the rising volume of online transactions and to counteract fraud. As more organizations shift to doing business online, this trend in e-commerce will continue. Banking systems, government transactions and retail storefronts get fixed attention from hackers with malicious intent. The security initiatives are a natural response to counteract this and to increase consumer confidence in online banking and credit card processing systems.
Getting a merchant account can also be essential for e-commerce. A merchant account is the one where the money transaction activities will take place. It is therefore very important for e-commerce to get a merchant account before starting their business. Failure to get a merchant account would result in a failure to initiate an e-commerce business as the cash transaction process could not take place.
The impression of e-commerce has affected everything from the price of doing business to the level of service companies are capable of offering to the methods through which marketing occurs. These changes are not going to disappear; if something, the challenge will be to stay a step ahead of the shifting nature of technology in order to take advantage of the power and reach afforded by these new marketing venues.
Most of the e-commerce is done in digital form but also does transportation of physical products. E-tailers are online retailers and e-tail is retail and World Wide Web consists of virtually all big retailers. There are different sorts of e-commerce. E-Commerce between two businesses is called Business to Business or B2B which can be either open to all or for specific qualifiers. The e-commerce between businesses and consumers is termed as Business to consumer or B2C. Here the buyer is directly in touch with the business like online shopping. There isn’t any presence of intermediary service in most of the cases. E-commerce involves the sales and the transfer of knowledge to enable the financial transactions of businesses.
Besides, with E-Commerce, your online store is reachable using smartphones and other mobile devices. This means that people should buy your products from anywhere while on the move. Ever since Jeff Bezos boxed up the first e-book ever bought on from his Seattle garage in July 1995, e-commerce has become the Great Equalizer. It permits the smallest of businesses to compete with the giants of their industry.
Businesses selling to the general public sometimes through catalogues utilising shopping cart software. The primary model is to sell the product online to consumers. B2C is the indirect trade between the company any consumers and it provides direct selling by online.