SUCCESSFUL E-BUSINESS SYSTEMS - PAYPAL ABSTRACT PayPal is an account-based system that allows anyone with an email address to send and receive online payments. This service is easy to use for customers. Members can instantaneously send money to anyone. Recipients are informed by email that they have received a payment. PayPal is also available to people in 38 countries. This paper starts with introduction to the company and its services. The information about the history and the current company
that are required. For example, when purchasing a dress, a customer can select the colour, dress size and the... ... middle of paper ... ....odel.lk/ [Accessed: 1 Dec 2013]. Paypal.com. 2013. Send Money, Pay Online or Set Up a Merchant Account - PayPal. [online] Available at: https://www.paypal.com/home [Accessed: 1 Dec 2013]. Quickee. 2013. Quickee. [online] Available at: http://quickee.lk/. [Accessed 01st December 2013]. Tsalgatidou, A, 2001. Business models and transactions in mobile electronic
Introduction The object of this paper is to create a balanced scorecard for eBay based on the optimal approach for running an Internet-based auction business. Cases for both sides on whether eBay has met the metric goals as detailed in the balanced scorecard will be discusses along with a discussion on which argument was more compelling and the reasons why. Company Overview EBay was founded in 1995. The goal of the company is to connect customers to each other and provide a platform where users
free shipping. EBay offers a different payment method than other electronic commerce businesses called PayPal. Bourdon and Kimble state in their journal: To further reinforce confidence, eBay has developed applications designed to make transactions more secure. For example, the PayPal system assures the security of the payments from such sources as credit cards or checks drawn on a bank account; PayPal can be used as a means of payment for e-commerce, or simply as a means to transfer money between two
increase of 14.7 percent from the previous year. Of course companies such as Amazon have been revolutionizing the online shopping process, making online commerce much more simpler and cheaper. PayPal is also an interesting example of a technological inflection regarding internet commerce. Throughout the years, PayPal has become the main transaction source for many buyers and merchants expanding the idea of commerce through the internet. Society now has a way to transfer sums of money wirelessly and be
As technology continues to develop at a rapid pace, many aspects of our lives are being transferred to the digital world. The internet has changed the lives of many, giving them a new way to communicate, learn, shop, and more recently, make online transactions without physical cash, checks or credit cards. In 2009, the world of digital currency was altered forever when Satoshi Nakamoto introduced bitcoin, a crypto-currency. It has shown an immense growth in popularity within just six years, offering
There is no formal vision and mission statement for eBay. Based on the case, eBay have some statement on their annual report and the company came out with the following statement: Statement that was published in the company annual report could be extract that the company was fully intended to be the world’s leading in online marketplace and they are focusing to invest on their core Marketplace and their adjacent business. Since there is no clear vision statement for eBay, a proposed vision statement
ii, famously penned by William Shakespear does on the contrary not ring true in the marketing sense. The differentiation that is Brand Equity is one of eBay’s most valuable differentiatiors. A brand such as eBay and their payment support function PayPal differitiate them self. This is achieved by the brand being identified by the sellers and the buyers as a dependable source of product, reduced risk and a symbol of quality (Singh, 2014:113). eBay has become a household name, to the extent that the
eBay’s Global Community As I read through some of the discussion threads of eBay sellers, I realized how technology has allowed us to form international community of consumers with established rules and regulations. Doing business through eBay still seems a little risky but the fact that the majority of people still live ethically has allowed e-bay to succeed. Like in every society there are people that still try to circumvent the system and will try to get away with unethical activities. Through
“EBay Inc. is an American multinational internet consumer-to-consumer corporation, headquartered in San Jose, California. It was founded in 1995, and became a notable success story of the dot-com bubble; it is now a multi-billion dollar business with operations localized in over thirty countries. The company manages eBay.com, an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide. EBay offers different opportunity to its
Selling Experiment in eBay Essentially, a trading is an activity when two parties do some exchanges of goods or services on value that had been agreed by both sides. In the past, barter was the famous method to do trading. Over the times, money and currency were discovered, and then barter is not popular anymore. Nowadays, while the Internet technology has advanced rapidly and reliable, electronic trading has started to replace the physical trading market in over the world (Massimb & Phelps, 1994
1. DEFINING PAYPAL 1.1 About PayPal PayPal was launched in 1998 as an online transaction method where users can pay and receive money online. It’s located in San Jose, California and eBay acquired it in 2002. Users can pick their preferred payment methods such as credit cards, bank accounts, PayPal balance, PayPal plus credit cards and PayPal buyer accounts do their transactions without revealing their financial information. It has a user base larger than 152 million globally and available in 24
After De-merger PayPal’s strategies and its positioning after the demerger Road Ahead for PayPal (options) PayPal is into Payment business and the business has changed a lot since its merger into EBay. The growth opportunities for the PayPal in the global sector is huge. The under developed countries and developing countries of Africa have been using the mobile payment services a lot (Usage of M-pesa in Kenya etc.). The growth rate of mobile payment services is substantially greater than the growth
trying to bring new system and feature into their existing technology or product. The process is to cope up with the growing number competitions such as Apple Pay, Google Wallet and other financial institutions and providers. According to Keith Bossey PayPal was the only alternative web and mobile based payment processing provider among a field of 35 competitors to earn ‘Star’ status in their brand equity. They are the only brand used by a majority (53%) of micro to small medium sizes business and private
Introduction PayPal, Inc (PayPal) provides online payment solutions to individual and business worldwide. It allows credit cards and bank accounts money transfers and payment to be made through the internet (Niranjanamurthy, 2014). Established in 1998, PayPal has since moved $282 billion payment volume in more than 26 currencies across 203 nations in 2015 alone, generating a total revenue of $9.24 billion (PayPal About - Home, n.d.). PayPal’s Value - “At PayPal, we put people at the center of everything
The Pros and Cons of Paypal for Online Casinos Since online casinos started to accept payment from Paypal, it has since become one of the most common payment methods in the industry. So should you or shouldn't explore this payment option? Use these pros and cons to decide (we have a feeling you'll go for it)! Pro: Simplicity PayPal is an e-wallet: an online account where you can store money. All you need is an email or account number linked to your PayPal account. This makes it a great way to
services, or product features, the company can charge higher prices, or appeal to different audiences. Use of IS have enabled new products and services, that increase the levels of convenience in using existing products and services. By acquiring PayPal, eBay greatly enhanced the ease with which customers can pay for their products. Google keeps an innovative approach towards search engines, by introducing Google Maps, Google Translate and others, which improves the ease of usage. Using online live
answer is that they are charging nothing for electronic payments. You are allowed to send and receive money for free with a Dwolla account, which is only partially true for PayPal holders. For example, if you send money to a friend via PayPal, then it is free, but if you pay somebody for something, then there is a fee with PayPal. With Dwolla, there are no fees for individual friend-to-friend transfers and no fee for payments to friends and merchants. There are no additional fees, no cancellation
use Nochex they can get their money relatively quick and within a day. The disadvantages of Nochex is that no many people use it when compared to PayPal and there still is a security risk of personal details being hacked meaning your Nochex account could get drained of its balance. Recommendation to Cuckoo I would recommend that cuckoo make use of PayPal and credit cards. These are the two most widely used methods of payment meaning the majority of people will be able to buy of cuckoo’s site. They
Sabon, Ticketmaster, Warby Parker, and The Wall Street Journal. There are some advantages Amex has over PayPal, but it