Types of E commerce & Payment Models

Presentation

Of

Types Of

E-Commerce

&

Payment Models

 (B2B) – involves both electronic business marketplaces and direct market links between businesses(Supermarket and its suppliers).

• "B2B" Ecommerce business model are solely web based .

Websites that are engaged in B2B ecommerce:

commodityindia.com

Indiaconstruction.com

clickforsteel.com

Alibaba.com

B2C means enterprises provide a new shopping environment for consumers through the Internet – online stores, consumer can purchase online and pay online.

This mode saves the time and space of enterprises and customers, which improve the transactional efficiency

Websites that are engaged in (B2C) e-commerce

• Amazon.com,• llbean.com• CompUSA.com• Travelocity.doc• hotels.com• chow.net• rediff.com

 (C2C) is the electronic commerce activity that provides the opportunity for trading of products and service amongst consumers .

Consumer to consumer (C2C) electronic commerce promotes the opportunity for consumers to transact goods or services with other consumers present on the internet

In the C2C e-commerce, the consumer lists items for sale with commercial auction site.

Websites engaged in C2C

ebay.com baazee.com ICQ.com MSN.com

In this model, a consumer approaches website showing multiple business organizations for a particular service.

Consumer places an estimate of amount he/she wants to spend for a particular service. 

• B2G model is a variant of B2B model.

• Such websites are used by government to trade and exchange information with various business organizations.

Government - to - Business

• Government uses B2G model website to approach business organizations.

• Such websites support auctions, tenders and application submission functionalities.

• E-Commerce sites use electronic payment where electronic payment refers to paperless monetary transactions.

• Electronic payment has revolutionized the business processing by reducing paper work, transaction costs, labour cost.

Credit Cards

Debit Cards

E-moneySmart Cards

EFT

Credit Cards

Credit card is small plastic card with a unique number attached with an account.

It has also a magnetic strip embedded in it which is used to read credit card via card readers.

1)Issuing Bank Logo

2)EMV chip

3)Hologram

4)Personal Account

Number

5)Card Network Logo

6)Expiration Date

7)Card Holder Name

8)Contactless Chip

An example of the front in a typical credit card:

An example of the reverse side of a typical credit card:

1) Magnetic Stripe

2) Signature Strip

3) Card Security Code

Debit cards

In case of Debit Cards amount gets deducted from card's bank account immediately.

There should be sufficient balance in bank account for the transaction to get completed.

An example of the front of a typical debit card:

1)Issuing bank logo

2)EMV chip

3)Hologram

4)Card number

5)Card brand logo

6)Expiration date

7)Cardholder's name

Types of Debit Cards:

Online debit cards

Offline debit cards

Smart Cards:

It has a small microprocessor chip embedded in it.

It has the capacity to store customer work related/personal information.

Smart card can be accessed only using a PIN of customer

E-Money transactions refers to situation where payment is done over the network.

Amount gets transferred from one financial body to another financial body without any involvement of a middleman.

The process by which money is transferred electronically from one financial institution to another is termed Electronic Fund Transfer(EFT).

Fund transfer can be done using ATM (Automated Teller Machine) or using computer.