LINKS

"
THE LOWEST RATES...
MOST BUSINESS TYPES...
WE SAY YES WHEN
OTHERS SAY NO...
7 DAY APPROVAL...
NO HIDDEN FEES...

"

 
 
1.800.393.3230
 
 


   

BIRTH AND GROWTH OF ELECTRONIC CIGARETTE COMMERCE

E – Commerce or electronic commerce has made the lives of several people better. It is one of the revolutionary technologies of the silicon world. This makes us wonder, how, when and where e - commerce started. The surprising fact that is not known by many people is that e – commerce started even before computers came in to existence and then slowly, but steadily, it became a multi – billion dollar business industry. By tracing the evolution of e – commerce, we can determine the trends and technologies that will come up in the future. Let us go through the important events which led to the creation and boom of e – commerce, briefly.

In 1984, through “ASC X12”, electronic data interchange or EDI was standardized. This assured the companies and the customers that transactions will be completed reliably. In the year 1992, retail products were being sold online to consumers by a company called CompuServe. This was the beginning of the great revolution, which brought with it convenience for people because they could purchase things by sitting in front of their computer which created a more trendy and easier lifestyle. In 1994, Netscape arrived. Its design was extremely user friendly and allowed its users to browse through the internet using just one browser. Also, it was highly secure because it had the earlier version of Secure Socket Layer or SSL which protected the information from being read by unnecessary people.

So that day was when fun was just a click away. In 1995, the current biggies in the e – commerce industry, Amazon.com and eBay.com, were launched. It was a prominent reason why e – commerce industry grew so much in so less time. Acting like a catalyst was the introduction of Digital Subscriber Line or DSL which was introduced in 1998. It provided fast and always on net service to customers. By the year 1999, business through the internet had reached the 20 billion dollar mark. Then, in the year 2000, the “Internet Tax Moratorium” got extended by the government of the United States till 2005. Most people enjoy their shopping experience on the internet because they are not pestered by the sales people.

Today, it’s only the editorial websites that are not getting good profits from e – commerce. On the other hand, Amazon.com received the honour of being “the earth’s biggest book store” that has made more than a billion dollars by selling books. This was done in just ten weeks of a holiday season. The airline industry is making over twenty billion dollars each year in ticket sales. Thus, e – commerce has become a really big industry in just a decade or so, living up to the expectations of several people.

Today, e – commerce has become a necessity from a luxury. E – Commerce is required to stay afloat in the cut throat competition that exists in every industry. E – Commerce has increased the sales and revenues of several businesses, thereby increasing the profits of the company.  

Contact one of our helpful account representatives to assist you in the setup of a high risk merchant account or offshore merchant account for a high risk merchant.