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IS EVERY PRODUCT SUITABLE FOR POKER MERCHANT ACCOUNT ECOMMERCE

E – Commerce or electronic commerce refers to any business transaction that is done through the internet. Transactions may involve any of the business activities like buying, selling, marketing and so on. One of the most popular forms of e – commerce is making payments for purchases, electronically. Credit cards are used by more than 90% of the people to pay for the stuff that they have bought, both online and offline. All credit card transactions come under e – commerce.

It is a well known fact that e – commerce is extensively used in the areas of international trade such as global sourcing and import and export. Asian countries like China have surprised the world and revolutionized the pace at which economies grow by opening up new vistas for international trade and e – commerce. This has added a lot of fuel to the already ferociously burning global sourcing and import and export fire.

Although international trade and other major and happening business activities such as global sourcing and import and export is already being carried out by using e – commerce technologies, have you ever wondered if e – commerce is suitable for all services and products. The answer is not very simple and needs a detailed discussion or explanation as given below.

For the purpose of e – commerce and international trade which involves global sourcing and import and export of services and goods, the best suited goods are soft products or digital products. For example, how much money and effort will it take to transmit a code or a music file across the globe compared to transporting a vacuum cleaner? Secondly, if there is a complaint and an exchange is needed, in case of the vacuum cleaner it is literally impossible to send it back and get a new one mailed to you, whereas, if the file is corrupt you just have to send a mail to the company and they will resend it to you as many times as you want, without spending any money in this process.

This is the reason why digital, non tangible products are the best suitable items for e – commerce in terms of global sourcing, import and export and international trade. Another reason why digital products are more suitable for e – commerce is: embarrassment. Any customer would feel highly embarrassed to enter a retail store and ask for pornographic content. However, with e – commerce the customer does not have to talk to any one but just click on the video, enter the credit card details and get the content on his or her computer within minutes and without being embarrassed since anonymity is maintained on the net. Agreed that this example is an extremely crude one, but it clearly demonstrates how effective e – commerce is, in activities related to global sourcing, import and export and international trade.

Thus you can clearly see that e – commerce is most suitable for goods which are non tangible and digital in nature because they can be easily transmitted to the customer. 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.