Question

What do you mean by E-Commerce? What are the challenges and strengths of online transactions

Answer 1

Answer:

E-Commerce or Electronic Commerce means buying and selling of goods, products, or services over the internet. E-commerce is also known as electronic commerce or internet commerce. These services provided online over the internet network. Transaction of money, funds, and data are also considered as E-commerce.

Explanation:

Challenges

The first and one of the most important challenges faced by all the merchants is online fraud.

1. Fraud and chargebacks ·

2. Cross-border transactions ·

3. Card data security ·

4. Multi-currency and payment methods ·

Strengths

• Reaching global audiences.
• Reduced costs for transactions.
• Payment security.
• Optimized customer journey.
• Payment method acceptance.
• More marketing/distribution channels available.
• More appealing to impulse buyers.
• Recurring payments capabilities.

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Answer 2

Answer:

E - Commerce -

• E-Commerce or Electronic Commerce means buying and selling of goods, products, or services over the internet.
• E-commerce is also known as electronic commerce or internet commerce.
• These services provided online over the internet network.

Challenges are -

• Poor Knowledge and Awareness
• Online Transaction
• Cash on Delivery
• Online Security
• Logistics and Shipment Services
• Tax Structure
• Fear factor

Strengths are -

• Reaching global audiences.
• Reduced costs for transactions.
• Payment security.
• Optimized customer journey.
• Payment method acceptance.
• More marketing/distribution channels available.
• More appealing to impulse buyers.
• Recurring payments capabilities.

hope this helps u...