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DRAWBACKS OF ELECTRONIC HIGH RISK COMMERCE

There are several advantages of e – commerce technologies in almost all areas of life such as global sourcing, import and export of services and goods, international trade and so on. However, it is not just raining advantages everywhere due to ecommerce. E – Commerce also has several disadvantages or drawbacks which one should be aware of before he or she makes big plans to start an e – commerce business and become rich. The drawbacks exist in all the industries which use e – commerce like global sourcing, import and export and international trade. This article will enlighten you with a few of them.

Till recently people used to go to the store with friends or family to buy any stuff they wanted. It was like a picnic or an outing for people. With the emergence of e – commerce, people can make their purchases on the internet but the feeling of going out with friends or family cannot be simulated. Therefore, e – commerce way of shopping is not accepted by many people who still like the traditional way of shopping. Also, people are not comfortable about shopping products which are placed several thousand miles away from them. Global sourcing, import and export and international trade involve great distances which may span over many nations or even continents. This acts as a disadvantage to ecommerce. Secondly, people are still not very confident about the online security systems. Many of them don’t want to key in their credit card and personal details on web sites. For most of the people, e – commerce isn’t about global sourcing, import and export or international trade, but it is simple about enjoying the shopping experience over the internet and therefore the electronic experience will not be able to satisfy peoples social or holiday needs. Hence, people don’t accept the idea of ecommerce. From the merchant’s view, e – commerce has several drawbacks because the seller is not in direct face to face contact with the customer and hence, things may not go the way they could have gone otherwise.

There are several products which are not bought by people unless they touch and feel it. All these products cannot be sold over ecommerce web sites since there is no way, customers will be able to touch and feel the product. A good example is: a sofa set, the feel of sitting on it cannot be got with any number of high quality pictures. Therefore, global sourcing, import and export and international trade in such cases will only be possible if there are big orders and a representative of the firm comes and personally checks the product before large quantities of it get delivered.

After reading this article you may be wondering how e – commerce has become so popularly used. The reason for this is a change in the trend in shopping. Also, there is tremendous potential offered by ecommerce for carrying out global sourcing, import and export and international trade. Also, people like the convenience that is provided by ecommerce. 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.