This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
“The major advantage of e-commerce is the ability to do
business at anytime, from anywhere, and at
a reasonable cost”
Benefits
Barriers
Cultural Issues
& LanguageTranslation
Benefits
Barriers
Barriers
Machine Translation of
Web Pages
Benefits
Barriers
Barriers
Administrative
& Legal Issues
Benefits
Barriers
Barriers
Geographic
Issues & Localization
Benefits
Barriers
Barriers
Economic &Financial Issues
Benefits
Barriers
BREAKINGDOWN THE
BARRIERS
Benefits
Barriers Solutions
Think globally, act consistently
Be strategic
Know your audience
Localize
BREAKINGDOWN THE
BARRIERS
Benefits
Barriers Solutions
Offer services that reduce barriers
Value the human touch
Clarify, document, explain
Credit Card FraudThe prevelance of credit card fraud is 2.5X greater for cross-border e-commerce transaction than for domestic transaction
Benefits
Barriers
Solutions
Challenges to Global EC
Innacurate Duty / Customs Calculations
Because of all the variables involved in determining duty taxes and custom fees in different countries around the world, it is easy for merchants to make errors that result in extra costs
Prohibited & Restricted Items
Every country has their own list of items that are either prohibited or restricted from being imported past its borders/ Knowing what items can and can't be shipped to hundreds of countries can be daunting.
Currency ConversionOnly 32% of US-based global e-commerce sites accept local currencies. A recent survey showed that USD-only pricing commonly results in international shoppers abandoning their carts.