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A Successful eCommerce Website - Part 1
So you want to succeed at eCommerce? Welcome to a very large group. First off, let’s be clear that there are a lot of ways to do business on the internet - and a lot of ways to both make and lose money. No way can I cover all of them in a few...
Canada and eCommerce
Canadian eCommerce growth was recently flat but still has an
attractive upside...
Recent studies found that Canadian retail e-commerce growth was
flat year over year (2003-2004). After further examination
however, approximately 60% of the...
eCommerce Web Site Building: Where Do I Start?
An article discussing the details on what tools, skills, and services you might need to start an ecommerce business.
Building a web site isn't something that is really cut and dry. There's a huge variety of products and services that can...
How to set up the ecommerce shopping cart software tools to handle your transactions and how to do in smart, efficient and cost effective way.
Utilizing a ecommerce shopping cart software solution frees
you of the burden of setting up and managing your shopping car,
credit card processing and sales management functions so you can
concentrate on what you do best, providing products and...
Why VPS is Perfect for eCommerce Hosting
I want to preface this little article with this fact: The
optimal environment for an ecommerce website is a dedicated
server. Nothing else offers you the level of control, security,
and customizability as a dedicated web appliance for the...
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Ecommerce Solutions Compared
There are dozens, perhaps hundreds of businesses and
organizations eager to assist and sell product online.
Basically, they fall into four categories: credit card
transactions, digital cash transactions, electronic fund
transfers and telephone billing systems
The right choice for you depends upon your specific business
requirements.
1. Merchant Internet Accounts. Pros: Consumers are familiar with
credit cards with credit card transactions, consumers don’t
have to download and install special plug-in. Credit card sales
lends itself to impulse buying.
Cons: Consumers still have concerns regarding providing
financial information online. This method does not lend itself
well to the purchase of down loadable soft goods, such as
software, art, graphics, etc
2. Electronic Cash Transactions Electronic money is an
arrangement whereby the customer pays for the merchandise using,
well, electronic money. Examples of this are the well known
DigiCash, Cyberbucks, CyberCash, etc. Pros No credit card
transactions are required. No concerns re charge backs. Lends
itself well to micro payments.
Cons Many people are unfamiliar with the concept and shy away
from unknown entities. Eliminates the possibility of impulse
buying, unless both customer and merchant are already in same
scheme. May not be available globally.
3. Electronic Fund Transfers Funds are transferred
electronically from the customer’s bank account to yours. The
best known method is the issuing of electronic checks Pros No
credit card worries. Available to persons who don't have
credit cards.
Cons A very new technology that some perceive as being less
secure than other forms of ecommerce. Many customers aren’t
set up to issue electronic cheques; time required to make the
arrangements eliminates impulse buying. May not be available to
international consumers.
4. Telephone Billing Systems A very new approach, telephone
transactions allow the customer to purchase an item or service,
and the amount is billed to his or her telephone bill. Pros
Eliminates worries about credit cards (for both consumer and
merchant) Safeguards soft merchandise " no possibility of
theft or pirating. Cons Customer is required to download and
install a plug-in. currently only available for soft merchandise
but can do some limited transactions for hard goods. Currently
available for sales using telephone modems and will not work for
transactions over cable modems and ISDN lines.
About the author:
For more information on credit card
processing,please visit http://www.paynetsystems.com
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