E-commerce:-E-commerce is the purchasing or selling of goods or services and the transfer of funds in any way using electronic communications in inter-company and intra-company business activities. An e-commerce solution is a solution to conduct business using technology, through an intra-, extra- or Internet solution.

What is e-commerce website?

E-Commerce Website means buying and selling of goods and services across the internet. An e-commerce site can be as simple as a catalogue page where a customer can generate a query, or it can range all the way to a real time credit and processing site where customer can purchase goods and services and receive them on the spot. Ecommerce web site development packages that we offer, like Store Online and Inventory Online. Looking at the features of the E-Store packages will help you choose the best e-commerce package.

What is the need of e-commerce website?

E-Commerce sites that are taking orders on the Internet every day and that have range of skills made these sites successful. The application of electronic commerce or e-commerce has led to many changes in the way business is conducted. The understanding of e-commerce solutions, the different options available today, issues regarding web hosting, difficulties in creating a merchant account and the like will be discussed in order to make effective business decisions through e-commerce solutions.

What is internet payment system?

There are many methods for online payment

Credit cards have managed to take care of security through signatures and photo cards. But in the virtual world, how is anyone supposed to check the signature or the facial features of someone logging in from half a world away. Internet enabled merchant accounts (the account the merchant needs to accept credit card payment on the Internet). As in any new area, the number of new entrants is increasing exponentially with equally large numbers exiting within a year or two. There are following method for online payment.

1. Papal
2. TradEnable
3. E-Charge Phone
4. Internet Cash

Paypal

Papal is a money transfer system the company behind the service, introduced B2C transactions, by offering accounts for businesses. Paypal acts as a neutral intermediary offering low risk to both seller/receiver and buyer/sender of the money Pay Pal, uses e-mail to inform the receiver that a payment has been made. It accepts money from the purchaser in one of three ways Charging the purchaser's credit card for any transactions (payments) Debiting a checking account for any payments: The purchaser sending a check to create a positive balance in his account at Papal, and having any payments deducted from the account. Payment recipients can use the money in the account for online purchases or payments, can receive the payment from Paypal by check, or can have Paypal directly deposit the money into their checking account. Payment Terms: For transactions between customers, there's no fee associated with using Paypal, no doubt contributing to its popularity. Paypal makes money on the float - when your money sits in your account, they're collecting interest on it. For business accounts, the merchants are charged a 2.2% discount rate + 30 cents on the money, which is better than the rate charged by merchant banks for accepting credit cards, in most cases.

TradEnable (I-escrow)

TradEnable allows buyers and sellers to set terms online. After both parties agree to the terms, TradEnable emails the buyer, asking him to pay the amount to Tradable. The payment can be made via credit card, personal or business check, money order, cashier's check or wire transfer. All payments must be made in US dollars.

Payment method

For credit-card transactions:

Up to $500, the I-Escrow fee is 6 percent with a minimum fee of $2.95
Up to $500, the I-Escrow fee is 6 percent with a minimum fee of $2.95 $500
Credit-card transactions above $5,001 currently aren't accepted.

For cash transactions:

Up to $500, the I-Escrow fee is 6 percent with a minimum fee of $5.95
Between $500.01 and $2,500, $30 and 3 percent of the transaction amount over $500
Between $2,500.01 and $25,000, $90 and 1 percent of the transaction amount over $2,500.
Cash transactions above $25,000 currently aren't accepted.
Naturally, this would mean that I-escrow wouldn't really be the preferred option for small transactions.