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International e-commerce payments

International e-commerce payments

Ecommerce, also known as electronic commerce or internet commerce, refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions.

E-commerce is the act of buying and selling goods and services and collecting payments through the internet. International E-commerce is the same transaction but between separate countries.

History

The history of E-commerce begins with the first ever online sale: on the August 11, 1994 a man sold a CD by the band Sting to his friend through his website NetMarket, an American retail platform. This is the first example of a consumer purchasing a product from a business through the World Wide Web.



Since then many of the e-commerce companies started to utilize this way of trading globally. However, for them bringing their product or service to an international level and collecting payments globally is a time consuming and bureaucratic process that can eat up the profit. For International E-commerce, banking presence in the given country is required and regulations are strict. Virtual Bank Accounts can make this process easier and cheaper.

Timeline

People

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Role
Related Golden topics







Further reading

Title
Author
Link
Type
Date

B2B Pay helps you in global Arbitrage

B2B Pay

Web

May 23, 2019

Ecommerce Definition - What is Ecommerce



Web



Virtual Bank Accounts for International payments



Web

March 14, 2017

Documentaries, videos and podcasts

Title
Date
Link





Companies

Company
CEO
Location
Products/Services

Neil Ambikar



Virtual Bank Accounts, International payment solutions

References