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CHALLENGES OF ADULT ECOMMERCE

It is a well known fact that e – commerce has altered the way commercial activities like global sourcing, import and export and international and domestic trade and businesses are conducted. E – Commerce has surely broken several barriers, but the truth is that several new barriers have risen which have to be broken as well. This article will explain a few of the new challenges faced by e – commerce in the current situation and what implications it has on global sourcing, import and export and international trade activities.

When a survey was conducted in UK by a management consultancy company called KPMG, it revealed that the largest obstacle for many organisations to install and use e – commerce technologies for a variety of purposes like global sourcing, import and export and international trade was that the firms were not sure about the security related issues of this technology. There are sufficient measures and standards to ensure the security and safety of this technology by the companies don’t implement it because they are not sure or aware of how efficient these technologies are, which has made them sceptical about using it for activities such as global sourcing, import and export and any other form of international trade.

Certainly, there have been many efforts put in by certain companies to over come this barrier. The best example for such an activity is the collaboration of efforts by the 2 big companies that are involved in accepting online payments namely Visa and MasterCard. The 2 giants have jointly created a security protocol that can used to make online transactions more secure for the purposes of making payments for import and export orders, international trade and other activities like global sourcing. This protocol is named as SET, which stands for Secure Electronic Transaction. But, such technologies have to be backed by international organisations and authorities for setting up the required infrastructure at the required places. This will ensure that international trade can be carried on free from barriers, in the future, and also with out the fear that global sourcing and import and export deals will be intercepted by 3rd parties or fraudsters.

Another major challenge facing the e – commerce technology for the purpose of global sourcing, import and export and international trade is to ensure that concerned parties don’t deny transactions like payment, delivery or receipt of order. This activity is termed as “Non – Repudiation”. This is a very important aspect of e – commerce and work is on in full swing in this direction. This technology is needed if companies and individuals who are geographically located far away from each other, have to feel secure and safe while using e – commerce for various activities such as global sourcing, import and export and international trade. Once this challenge is overcome, the true value of e – commerce can be realised.

It only after all these challenges are overcome that the true potential of e – commerce for purposes of global sourcing, import and export and international trade will be known. 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.