CategoryWeb Design

Is Bit Coin Here to Stay on the Ecommerce Platform?

Is Bit Coin Here to Stay on the Ecommerce Platform?

I’m quite old fashioned when it comes to money. I love to play with a coin, flicking it between my fingers as I wait for the bus or fidgeting with it in my pocket as I walk to work. But, in a time when the concept of cash is one that can seem a little quaint in the face of plastic swipe cards with pay fast technology and instant bank transfers over the web, using paper to buy goods is beginning to take on something of a novelty of its own.

In many ways the rise of the ecommerce platform to global dominance is the final nail in the proverbial coffin of the cash economy. This year it’s estimated that online retail sales will grow by around 20% on last year’s, and the sector has continued to gain ground even in the wake of the global super downturn, it’s easy to see how cash could be heading for the door.

But the obvious dominance of the ecommerce platform aside, there is a more recent trend that seems to be threatening even the prime position of plastic purchases over the internet. BitCoin and other online currencies have grown considerably in the last few years and there are now more providers offering integrated support for virtual currencies than ever before.

But just what are the benefits of using BitCoin to pay, and why are so many online retailers ‘towing the line’ to provide consumers with the option? Well, as ever with economics, the answer isn’t really a simple one.

There’s no question that BitCoin has its advantages, and it’s not surprising that they seem ostensibly to fit in very nicely with the ecommerce model of selling. The ability of ecommerce companies to grow exponentially, and crucially, globally, has been a defining feature in the rise of online sales systems, and BitCoin is modelled perfectly to break down the barriers of currency exchange in favour of accessible commerce in a similar way to the Euro for example.

For consumers in countries with strict regulations and underdeveloped banking sectors that may not offer the same international accessibility enjoyed across the US and Europe, BitCoin has proved a relatively stable option of payment. What’s more BitCoin has some seriously low transaction charges that have managed to dwarf the levies on many other popular credit and debit card payments.

However it’s not all good news for the BitCoiners. Many retailers have refused to adopt BitCoin because they think consumers find it hard to weigh up the value of goods when they aren’t listed in local currencies, while other businesses have opted to maximise foreign currency payments with their ecommerce providers, rather than spend time and money integrating a BitCoin systemthat may lend itself to custom from businesses in more far-flung economic regions that are not necessarily part of an immediate target market.

Best Ecommerce Solutions for Creating Your Website

Best Ecommerce Solutions for Creating Your Website

Ecommerce can make a significant impact on your bottom-line and can open up new streams of revenue for your business. It attracts a lot of customers and has gained even more importance due to handheld tablets and smartphones. Your website is the most important element in your ecommerce business activity. To make sure that you have a user-friendly website you need to employ the best ecommerce solutions to design your website and get your business up and running.

Ecommerce Website

All the successful websites thrive on their web design. The layout of your website plays a major role in your customers’ decision to buy from you. They might come to your website as casual visitors but to make them your loyal customers you need to have a well-designed website. For this, you need to employ professional ecommerce solution providers who have the best web designing team on board to help you create a website that best fits your type of business.

Ecommerce Software

Ecommerce software deals with a lot of aspects of your business such, making your website search engine friendly, having an efficient payment system, inventory and product management, and tax and shipping options. To make sure that all these aspects of your business run smoothly you need to use the best ecommerce solutions that can enhance your website.

Shopping Cart Facility

This is one of the most important aspects of your website, having an easy and simple shopping cart facility makes it easier for the customers to make purchases from your website. Another important element is the confidentiality of the information that your customer trusts you with, and the security that you provide to your customers. This is very important because you do not want to lose your customer’s trust in you.

You need to hire the best ecommerce solutions in Australia to make sure that your customers have a good shopping experience on your website.