A review on a post on Legal from My E-Commerce blog

Nowadays, most of the people would like to purchase goods through internet as the price would be different and it is convenient for the consumers. However, online purchasing is not 100% safety. Many people, especially teenagers had been cheated when they performed online purchasing. Some companies will attempt to deceive consumers by displaying cheaper products online in order to attract and seudce people to make a transaction with them. After the consumers made the payment, they won’t receive the goods they had ordered. Thus, it was very important for us to be more cautions while buying goods featured on the internet.

In fact, it is advisable that consumers should purchases goods in well-known website such as ebay, amazon and so on. In the other words, don’t make a big deal in the website you are not familiar.

Besides that, customers should look at the online merchant's refund/return and customer privacy policies and beware of online merchants who do not prominently display refund/return or privacy policies.

On the other hands, customers would look for the security alert and the lock icon when making online purchases through Internet Explorer, which will pop up "security alert" when you connect with a secure server. Moreover, consumers may look for the addresses that start with “https” which means that the information you fill out in an ordering form will be encrypted and securely connect to the merchant.

In conclusion, due to the development in technology, online purchasing becomes popular and well-like. However, there are a lot of traps in internet and users should be aware of it and be cautious while performing online purchasing.

*http://ecommerze.blogspot.com/search/label/Legal*

Mobile Payment System in MALAYSIA

MOBILE PAYMENT SYSTEMS in MALAYSIA: Its POTENTIALS and CONSUMERS' ADOPTION STRATEGIES




Mobile payment system(also known as mobile web payments or WAP billing) allow individual to make the payment through their mobile phone, smart phone, Personal Digital Assistant(PDA) or other such device. It can use to purchases either digital or physical goods. Digital product refers to the intangible products that can be transfer over a digital network such as songs, games and wallpaper for mobile phone.


Mobile payment is developing fast in Malaysia such as MobileExec and Mobile Money. Both of the system allows customer to pay for their goods or services through a mobile device without having cash on hand. Besides that, the other companies in Malaysia also come out with various services by applying the same concept such as Maxis, Celcom and so on.

Thus, have a great potential as the customers are more comfortable with this payment system. On the other hand, consumers can make transactions in their house as it is not necessary for them to go to the shopping centre. For example, the customers can book cinema ticket through their hand phone. Besides that, as a matter of convenience, the customers no need go to find ATM machines when they have insufficient cash on hand.
Hence, it will continue to continue to growth as consumer’s confidence on mobile payment increased.

For consumers’ adoption strategies, most of the companies offer bonus point, promotion, rewards and various incentives to build up the loyalty of the customers. For example, Hotlink will give extra credit to Hotlink users with certain calls or points.

Phishing

is an e-mail fraud method by sending faked e-mail or instant messages in order to purloin the personal or financial information of recipients. Typically, the e-mail is come from the legitimate or well-known website. The e-mail will require recipients to verify their personal information or account detail such as password, credit card and bank account number or suggest victims to update the services, to badger the users visit their website through the hyperlink provided in the e-mail. The goal of the sender is for victim to disclose personal or account related information.


Following is the EXAMPLE of phishing:

Example 1

Example 2

Example 3

How to PREVENT Phishing?

1.Install up-to-date antivirus and antispyware software: antispyware software such as PowerShark can effectively detect and respond to the phishing attack.
2.Block the phishing e-mails by various spam filters: Phishing Filter can helps protect individual from Web fraud and the risks of personal data theft by warning or blocking phishing Web sites
3.Detect phishing in time: users can try to detect phishing by reading the information and characteristics of phishing
4.Enhance the security of the website: nowadays, many companies have taken some anti phishing methods in order to prevent and stop the process such as secret question, special images as well as biometric characteristic

Revenue Model for Google,eBay and Amazon.com

REVENUE MODEL

Google, eBay and Amazon.com

The main source of GOOGLE’s REVENUE is focused on advertisement. According to the data from Google's latest 10-Q filing, the profit of Google’s advertisement is 98% of its total revenue. Google advertisement include Google Adwords, Goole Adsense and Froogle. On the other hands, eBay is an online auction and shopping website that generates revenue from insertion fees, promotional fees, final value fees and sales revenue model through its subsidiary. Amazon.com is success in online-shopping as it generates revenue mainly by selling books, electronic, videos and so on.

Google Adwords, which generate most revenue to Google, is pay per click advertising program that are design to allow the advertiser to present advertisement to people that are looking for information of what the advertiser has offer. Currently, Google is testing a new advertising program that pays site owner when a visitors clicks on an advertisement and perform a specific auction. This is known as Cost-Per-Click model.

Read information from Google Advertising Program and Google’s revenue model

For , it mainly focus on online auction which generates huge profit. The convenience of online auction has increased the number of bidders as the seller and bidders can participate in the auction at anywhere and anytime. Besides that, due to the potential of lower price, the broad scope of products and service available as well as the simple way to access and operate the auction process, it is not difficult to find out that there are large number of bidders and sellers.

Read article – Reasons to still love eBay

Moreover,allow sellers to offer their goods. Buyers are permitted to review the products, comment and rate it on the rating scale from one to five stars. Besides that, Amazon is pioneer affiliate partnership marketing. It allow website owner to create the online store in their website and display Amazon books. Then Amazon pays the referral fees from the sales to website owner.