Ebay is an online action service used to buy and sell items. The company uses an electronic platform to facilitate millions of transactions every day. Users seeking to purchase items make bids over a specific time period and the seller determines guidelines such as a minimum bid he or she is willing to accept. Payment is typically made electronically through PayPal and then the merchandise is shipped to the buyer.
Pieere Morad Omidyar is a French-born Irankian-American Entrepreneur and philanthropist. He is the founder and chairman of ebay action site.
EBay is said to launch an online mall to attract luxurious brands. Word has it that eBay has plans to open an online market place that services to a variety of brands, according to The Wall …show more content…
Also the online will serve as an online one stop shop where users/consumers can only log on to one website and shop at a number of stores within one website.
The business model of eBay eBay has constructed a person-to-person trading community on the Internet, it uses the world wide web were buyers and sellers are combined together in the state where sellers place their items listed for sale, and buyers bid on the items they are interested in and all eBay users go through the listed items in a controlled manner.
EBay has both streamlined and globalized traditional person-to-person trading, which has been using a routine of forms like flea markets, collectibles, garage sales etc. with their web interfaces. This paves way for a smooth exploration for buyers and permits the sellers to immediately list an item for sale after registering.
Browsing and bidding on auctions is free but then sellers are charged two kinds of charges.
• When an item is listed on eBay a non-refundable Insertion fee is …show more content…
Hackers try to invade websites by disclosing denial service attacks to prevent users from accessing systems. There is a new technology for safe guarding the e-commerce website which is known as the “adaptive security”. This development by the adaptive network security alliance constructs an interference prevention framework and combines other delicate tools such as firewall switch to prevent invasion attempts. On the other hand credit card details are guarded by enacting a secure socket layer to safe guard credit information stored in the database. Besides this, to guarantee privacy as well as verification, the secure electronic transaction standards code online merchant accounts from invaders who browse for credit card details.
To ensure that the E-commerce system is well protected and safe, a safety thought is to develop a system that prevents invasion and that cannot be interfered with as well as permitting clients to trade with less or no interference. There is a desire to protect websites at the back end, utilizing a network invasion detecting device, which can observe the traffic that seeks attention in knowing the entry paths to mission essential services. Entry test ought to be undertaken on website systems to identify errors in the make, so as to get non-susceptible systems that cannot be interfered with via cruel