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e-Commerce Overview:
Ecommerce is the process of selling and buying goods and services on the World Wide Web. The word eCommerce simply means
electronic business; where goods and service are bought and sold electronically.
To make your business successful online, you not only need to have a well designed website, but also you must have a secure
payment system. The advantage of selling online is that you can potentially reach a large number of customers across the
globe and can receive almost any currency for payment.
It is important to focus on how you implement your eCommerce solutions. To be effective in eCommerce, you must also be aware
of what makes an eCommerce solution translate into a good shopping experience for your customers. RealTimeSites offers innovative
solutions for doing eCommerce that will provide your customers with a pleasant experience and a sense of confidence in your
organization.
Traditional Credit Card Processing
This system is used in most shopping carts on the web. The customer provides their credit card number once they are done
shopping, and their card is charged accordingly.
Secure Orders OnlineWith this solution, the customer provides their credit card information after shopping just like the traditional credit card processing system with one exception. Once the customer completes the transaction and clicks "submit", the information is captured and encrypted. The merchant is notified and is able to see the order securely online and then processes the card using existing equipment. The advantage to this solution is that expenses can be kept to a minimum while getting started with eCommerce
Third Party ProvidersRealTimeSites implements Paypal and other third party providers as one of its payment options.
News Flash: The US Department of Commerce reports that 4th quarter retail sales from 2006 to 2007 grew by 4.7% while
eCommerce sales during the same period grew by 18% http://www.census.gov/mrts/www/data/pdf/07Q4.pdf).
As the economy continues
to struggle, retailers need to look at eCommerce and its national 18% growth as an opportunity for future growth.
We’ll post the 2008 4th quarter figures as soon as they are out.
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