Online Marketplace

They only charge 2% of the price that any product is sold for and they tacked on a 20 cent fee per transaction. This is a better deal than what Paypal has to offer. Google Checkout is fairly new to the E-commerce world and has a promising future with merchants and consumers who wish to commence in online business. Google Checkout is reinforcing its customers with one of the biggest online companies in the world, which is Google itself. You can also be sure to trust this money processing company because they also look for fraudulent activity. The customer service is great and they always look out for their customers’ best interest.

Deeply intertwined with both retail and the Kindle ecosystem, Amazon’s internet services cannot easily be defined as a standalone line of business. Amazon offers services such as Amazon Prime, which provides free two-day shipping, on-demand video streaming and free access to the Kindle library. This Prime service is for an annual fee, Prime subscription model likens to the all you can eat business model with retail model that provides consumers with additional value (Noren, 2013).

Amazon.com, Inc. (Amazon.com) is an e-commerce company. The Company sells a range of products and services through its Websites. The Company 's products are offered through consumer-facing Websites, which include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It designs its Websites to enable products to be sold by the Company and by third parties across various product categories. It also manufactures and sells electronic devices, including Kindle e-readers, Fire tablets, Fire TVs, Echo and Fire phones. Amazon.com operates in two segments: North America and International. The North America segment focuses on retail sales earned through North America-focused Websites. The International segment focuses on the Company 's operations done through its international Websites. It serves developers and enterprises through Amazon Web Services (AWS). It serves authors and independent publishers with Kindle Direct Publishing. (Amazon.com Inc.) When Amazon opened its virtual doors in 1995, it was with the mission to be Earth’s most customer-centric company, where shoppers everywhere can discover anything they might want to buy online. (hourly fulfillment associate jobs)

Amazon’s primary source of income is the high volume sale of a vast variety of products and services sold online. These services are trusted by the largest companies in the world that range from a large scale of goods bought for resale from third-party sellers and merchants.

“The shift from a centralized technical infrastructure to distributed, ecosystem-enabling platforms is laying the foundations for new business models in investment insights and financial transaction technologies” (Bhatia). It will make commerce safer and more reliable. Blockchain is so secure because it is decentralized, it uses cryptography, and because of user integration. All three of these methods are laying the foundation for the future of commerce. Cash, credit, debit, PayPal, Venmo, and the current transactional system are becoming obsolete,it is time to move

In cyberspace, the necessity of digital cash is more apparent. Many micro-transactions on the World Wide Web (Web) are economically proscribed because the exchange in value is less than the transactional costs of using a credit card.{5} Unlike in the real world, one cannot use actual cash on the Web to

Over the last few years the banking landscape has changed dramatically, with security issues and emerging technologies framing the conversation concerning where to go from here. Financial crises and an increasingly common occurrence of data breaches have exposed a fundamental flaw in our system, and financial institutions and businesses alike are looking for ways to make transactions, and banking, more secure in the digital age. The question, however, is not why we need such extensive reform of our payment methods, but why we fell so far behind to begin with. The road to rebuilding our financial system is a long and arduous path, made difficult by the resistance to change of not only banks and businesses, but consumers as well. However

Known for its variety of products in services, Amazon.com is an emerging leader in cloud services. As mentioned in the Wall Street Journal, it began its PrimePantry Market in 2015, in competition with groceries and supermarkets, offering a food delivery service. Wide product and service choice has allowed Amazon to become a one stop location.

billion. The company's IPO on the NASDAQ Stock Exchange took place in August 2004. The company launched several new offering in the year 2005 including Google Mini, a search appliance enabling small-to-medium businesses to access and manage their information; Picasa 2, free photo management software; Google Video; Google Maps; Google Web Accelerator; Google Earth, a satellite imagery based mapping software; Google Sitemaps, Google Talk. In 2006, Google continued to launch new products beta test of pay-per-action advertising, a new pricing model that allows advertisers to pay only when predetermined actions are completed on their site. The pay-per-action model gives advertisers the option of paying when a customer makes a purchase, signs up for a newsletter, or completes any other clearly defined action the advertiser chooses. The company also partnered with LG

There are always new opportunities to build our rapidly changing market economy that leaves no one behind. Markets use these opportunities to create an atmosphere of ambition between individuals to exceed one another and in turn generate a more dynamic, self sufficient economy. However, leading more toward a market economy there are greater responsibilities held on many retailer’s shoulders. The market place has grown so much that it is not just actual “professionals” exchanging/selling goods and services to consumers, but also people that are not necessarily a professional in a business through online markets. When discussing about online markets, many sellers use the advantage of the internet to increase revenues. We use online markets mainly to benefit both the buyer and seller in many ways. One specific benefit that they both find very favorable to them is the fact that there is no sales tax involved in the transactions made in certain online market systems. Amazon, E-bay, and other retailer websites that operate under this certain online market system do not collect sales taxes from customers. The only reason for the exemption of collecting and remitting of sales tax to the state in which they execute a sale in, is that they do not have a physical presence “nexus” in states where they sell their product to their online customers. This starts to become an issue to traditional businesses that have to collect and remit sales taxes to the state and also the state itself.

NFC payments work by storing your credit, debit, and banking information with the source company. The information is stored securely in Cloud by these companies. This information is associated with your Apple Pay or Google Wallet account. You can log in to a device and use you phone to pay for purchases. The retailer you are purchasing from must have an appropriate reader. You must first be in the payment app on your phone. Your phone is placed close to or on the reader and you must either scan your finger or enter a password for the payment to go through. The payment must then be approved by a chip called a secure element, which sends approval after the payment is authorized, completing the transaction. NFC transactions are becoming a very secure and quick way to pay for purchases. These purchases are becoming more normal in stores, on vending machines, and in busy metropolitan areas.

The idea for paying for goods and services electronically is not a new one. The search for more efficient ways of doing business is now driving another revolution in the conduct of business and in our concept of money. This revolution is known as electronic commerce, which is the symbiotic integration of communications, data management, and security capabilities to allow business applications within different organizations to automatically exchange information related to the sale of goods and services. With the advent of the electronic age the concept of value was transferred to plastic cards with a magnetic stripe which securely carried personal account information. These cards are

Fraud prevention is the key element of conducting business, as when not controlled, fraud exposes the business to potential law suit, business loss, or its’ extinction all together. An online payment organisation, such as ours, needs to make maximum effort to reduce the risk of fraud, as its’ very existence depends on the level of trust that customers put in it.

With a steady increase of time, effort, and money being poured into digital marketing over the past few years, one can only wonder what this means for the future of online exchange, or E-commerce. It is said that by 2016, the web will impact purchase decisions of sales totaling $2 trillion. This is over half of all retail transactions (van Bommel et.al.). Digital strategy is no longer something that can be overlooked, an extra tool for a company to take advantage of if they have the time, it is a key marketing driver in our technologically dependent society.

Payments system all over the world has experienced a period of dramatic change. Consumers, businesses, and government are moving away from paper checks and towards electronic forms of payment. Technological advances and competitive forces are fundamentally altering the payments landscape, with important implications for efficiency, safety, and access.