E-Commerce Questions Q1

E-CommerceQuestions

Q1

A:In the event that the client wants to purchase an item, he/ she goesto the site and pick the things he wishes to purchase. At that pointhe/ she chooses an item, the shopper exchange is moved to the onlineserver where he submits a request. This data is traded more than asafe channel through a private server to a preparing system. Thisprivate server is the focal point of the data in e-trade to verify itis safe in privet channel.

Q2

A:The major advantages of E-commerce are:Secure- more secure than a check. Always on – the buys can be made 24/7.Quick – the transactions take just a few seconds. Convenient – thesimplicity of buying. Lessened expense cost – Reduction ofAdvertising and Marketing Costs

Q3

A:Thefollowing are a examples of products where Ecommerce can be utilized:Computer items (accessories, software, hardware),Music,Books,Financial Services, Travel services, Entertainment, HomeElectronics,Apparel,Gifts and flowers, Information,Tickets,Toys.

Q4

A:Web hosting is an approach to pick up a vicinity on the web. The webfacilitating organization ought to be equipped for furnishing aperson with the level of service that maintains the client`s WebStore.

Q5

A:B2C (Business-to-Consumer) Thisis normally when normal organizations transact with the client. Thisis done through the shopping cart programming and the amount includedin the exchanges is usually small.

B2B(Business-to-Business) InB2B, organizations execute with one another. This incorporates theorganizations offering their products to wholesalers, merchants, andso forth.

C2C(Consumer-to-Consumer) Thesetypes of transactions are normally done at the individual level.Installments should be possible with the assistance of onlineframeworks such as PayPal.

C2B(Consumer-to-Business) Inthis, a consumer puts the item on the internet. The organizationswilling to purchase this item offer their bids for it. The consumercan then choose, contingent on the tender, which organization tooffer it to.

Q6

  1. The trader presents a credit card exchange to the Payment Gateway in the interest of a client by means of secure association from a wireless gadget, a website, at retail, or from a MOTO center.

  2. Payment Gateway gets the protected exchange data and allows it to go through a safe connection to the Merchant Bank`s Processor.&nbsp

  3. Afterwards, the Processor of the Merchant`s Bank presents the operation to the Credit Card Interchange ( CCI, a system of financial entities which impart to deal with the preparing, clearing, and settlement of transactions done via credit cards).

  4. At this point, the Credit Card Interchange (CCI ) courses the exchange issuer of the Credit Card to the client.&nbsp

  5. Then, the Issuer of the Credit Card permits or hinders the exchange taking into account client`s accessible supports and passes the results of the transaction, and if permitted, the appropriate funds, back through the CCI.

  6. The exchange results are then transferred to the CCI to the Processor of the Merchant`s Bank.&nbsp

  7. The Merchant Bank`s Processor transfers the exchange results to Payment Gateway.&nbsp

  8. Payment Gateway stores the transaction outcomes and sends them to the client and/or the merchant. This correspondence procedure takes an average of three seconds or less.&nbsp

  9. Finally, the CCI passes the fitting funds for the exchange to the Merchant`s Bank, which then stores reserves into the merchant`s ledger. The funds are regularly saved into your essential financial balance inside of two to four business days.