Saturday, October 12, 2019

Essay --

In my group, I was assigned the task to include all other relevant issues so I considered other intermediaries to help with the payment and goods transaction as well as security for the e-Business. Intermediaries to use to support your ebusiness As our business is a virtual organization (pure-play), we would require intermediaries to perform the payment and goods transaction as we are not interacting physically with our customers. Payment system Paypal Under Paypal, payments are made using a user’s existing account or with a credit card anytime, anywhere. Besides that, money can be sent directly to an email address of another PayPal user. Cost Open an Account Free Send money Free Withdraw Funds Free for $200.00 SGD or more, $1.00 SGD if up to $199.99 SGD to bank accounts in Singapore Add funds Free Receive Funds 2.9% + $0.50 SGD to 3.9% + $0.50 SGD Multiple currency transactions Exchange rate includes a 2.5% fee** Reasons for using Paypal for payment It allows faster transaction for sending and receiving payments. Electronic Catalogue WIX and social medias As we would not have staff in a physical shop to entertain customer’s enquiries, we would be making use of sites such WIX and social medias such as Facebook and Twitter to help provide customers with information about the business as well as the product. Reasons for using WIX and social medias The websites are free of charge. Shopping cart software In order to help customers keep track of their items, shopping cart software is also included in the WIX website. Reasons for using WIX shopping cart This eliminates the need to purchase an external shopping cart software. Delivery of purchase Our e-Business would require an intermediary to deliver the items purchased by custo... ...uyer claims that they did not receive their goods, Paypal would cover for the full amount as long as business follow the postage requirement and show evidence that the item was sent to the buyer’s address. Reasons for choosing the security methods In terms of protecting the e-Business database, firewall is an easy and less complex method as compared to other security methods such as VPN and KPI which requires key encryption. It is also easier to obtain simply through purchase and customize through filters unlike VPN which has complicated set ups and KPI which requires a KPI security service to implement the structure. As for protection against fraud, Paypal’s security system would be suitable as we are using Paypal for handling payment transaction. Hence, it would be easier to claim from Paypal should there be any fraud as they would have records of our transaction.

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