eFlow Payment Services specializes in the small business credit card processing industry. First established in 2007, eFlow has become known as the barrier-free tolling system, and they have a strong reputation for being one of the finest in the business. They are known for having some of the industry's lowest rates, and the company uses free software that uses a mobile card reader. Overall, eFlow Payments has a 98 percent acceptance rating, which is one of the highest in the industry. This five-step payment to capture invoice processing simplifies the lives of the company's accounting personnel.
Be warned however, that these types of total solutions can be limiting in that you may not have a choice of payment gateways, and that high traffic Web sites may have additional hosting fees to pay. Usually, when setting up a storefront account you will pay a one-time set-up fee then pay monthly, based on a selected plan often with predetermined bandwidth, limits to the number of products you can list, or a set number of monthly transactions. Once you weigh in all options, a merchant will need to have a merchant account, some type of shopping cart interface, and an account with a payment gateway to accept credit card and online payments on their Web site. With the electronic commerce industry growing by the day, so it seems, merchants can choose from a variety of software providers and third-party vendors to create a system that best suits their online business needs. Conclusions This study shows that.
There include the following: 1) Merchant Account: This account is necessary for your e-business to accept credit and debit cards directly. 2) Third-Party Payment Processing: This occurs through the offering of services by means of third-parties who process credit and debit cards in addition to e-checks. 3) Third-Party Retail Accounts: These are third-party accounts that allow you to accept credit and debit cards without establishing a merchant account. The third party is the middle man between the buyer and the seller. 4) Escrow Accounts: This is an account where money is held by a third party on behalf of the transacting parties.
Customers may feel awry of inputting their personal details into e-commerce website as they may be afraid of issues such as identity theft or fraud and even their purchased items not being delivered to them. Moreover, when it comes to accessing quality and fit without actual product, customers may feel that not being able to try their purchased items such as clothing may be an issue as they would be unsure if the piece of clothing would fit them. This goes the same for products like food; some customers would prefer to view their products before buying them. Further drawbacks could be reliance on deliver services. As customers place their orders online and expect their goods to be delivered, they have to rely on the delivery service.
Online payment and logistics greatly improves the efficiency of the transaction, especially for work busy office workers, but also a lot of savings in their valuable time. In the 21st century, the diversification of consumer information can buy products through the home network channels. Mobile e-commerce can also use the mobile phones, PDA, handheld computers and other wireless terminals B2B, B2C or C2C e-commerce. It combines Internet, mobile communication technology, short distance communication technology and other information processing technology, so that people can carry out all kinds of business activities at anytime, anywhere, anytime, anywhere, online and offline shopping and trading, online electronic payment and various business activities, business activities, financial activities and related comprehensive service activities, etc. Mobile electronic commerce is a highly developed technology, such as 3G technology, mobile electronic commerce.
8% of the Entire Product Page Traffic Eventually Converts to Sales When it comes to the eCommerce world, one of the most important yet under-appreciated hassles to sales is successfully driving visitors to click and take a look at the products. On the downside, data has revealed that, on an average, eCommerce portals have a 33.9% bounce rate. This eventually means that nearly one-third of all visitors that arrive at your business website abandon it without even browsing through your product inventory. However, on the brighter side, when an online shopper clicks to take a look at the product, the chances of closing the sale are increased. Enter your details accurately below, and we will email you a free copy of the complete report with exclusive extras such as a scatterplot of the data and checklist of things you can carry out in order to optimize the conversion rates with regard to your products.
Ecommerce allows consumers to exchange goods and services electronically with no barriers of time or distance. E-commerce is the marketing, buying and selling of merchandise or services over the Internet. It is currently one of the most important aspects of the Internet to emerge. It covers a range of different types of businesses, from consumer based retail sites, through auction or music sites, to business exchanges trading goods and services between corporations. The biggest advantage of E-Commerce is the ability to provide secure shopping transactions via the internet and coupled with almost instant verification and validation of credit card transactions.
2.11 Advantage of electronic commerce Offiong (2013) explained the advantages of electronic commerce as follows: I. Opened for twenty four hours: As the commerce website is expected to be opened 7days a week,24 hours a day and 365 days a year, purchases and sales transaction can take place all year round. The customers have access to shop and buy products or services at any time of the day or night from any location that they have access to the internet. The customers can continue shopping even when the sellers is asleep or is on vacation. II.
This means that e-commerce merchants who well use social media platforms like Facebook, Twitter and LinkedIn stand to advantage from better make awareness as well as a better online standing. However, the risk of a backlash also happens; for example, e-commerce dealers who use social media severely to push their products will inevitably be blocked by the community. Similarly, an e-commerce merchant cannot leave sporadic posts and guess a positive reply; once social radio is chosen for advertising, messages to the stage should be efficient almost daily, and any surveys or complaints quickly