E-commerce in business

Bpay
Bpay
May 9, 2018 · 3 min read

Have you ever thought how many people do business?

It looks like almost everyonewho work and earn money. Is there any common formula for doing a prosperous and profitable business?

Actually, that is a difficult question and you can spend a lot of time thinking about it, but here’s the spoiler — NO, there is no a formula at all.

However, there are some well-established ways of doing business. One of them is doing business in the Internet. Nowadays, this way is called e-commerce. So, let’s discuss what is that.

E-commerce means the same selling and buying operations, but in digital space, without using any paper documents. There is one important thing to mention here: any transaction that is completed solely through electronic measures can be considered e-commerce. There are three basic ways of doing such a business in Internet, which you should know.

The first group is B2B, what means business to business, is used between two companies which provide each other with different services. For example, in 2016, Garnier was the best B2B online seller, a variety of shops all over the world have purchased their products for further distribution to customers.

Next one is called B2C, that means business to consumers and indicates the situation when a customer buys goods or services from distributor. Let’s take as an example Lamoda, this company doesn’t have any real shop where customers can come see and try on their clothes, however, people like them and buy their goods online, because it is easy and saves time.

So, the last group is C2C, what means consumer to consumer and supposes distribution of goods and services among consumers. For instance, we can take platform eBay or Avito, where people sell and buy goods one from another. Category C2C is also called electronic commerce.

If you caught this idea we can move further with our interesting theme. Next we meet with popular tool — e-wallet.

As we mentioned before we face now with fast development of technology and demonetization of higher currencies all over the world. Thus, electronic and in-app wallets have emerged as an alternate payment option to cash.

E-wallet is a digital prepaid account, where you can store money and transact online and offline through a computer or a smartphone whenever you want. By the way, e-wallet is more advantageous than a real one. It has a large number of options connected with financial operations and not only. Its utilization is easy, just several clicks for any option. It saves your time, you don’t have to go somewhere to pay your bill or purchase. It is save, a real wallet is much easier to be stollen than a pin code from your e-wallet. It doesn’t require any place in your pocket.

So, now we have come to the cherry on our cake, which is named Bpay.

Bpay.io is a tool that will help you to accept, withdraw and monitor your funds in various trading transactions any time in any place, even if you are offline. Your trading transactions can be conducted as you wish. It can be a trade deal between both classic traders, like buyer-seller or it can be a trade between you and any other virtual platforms, like e-shops, online services, stock exchange, exchange offices, etc.

Of course, there are a lot of different platforms for budget operations, and you will ask- which of them shall we choose?

Here is the answer, keep calm and choose Bpay.io.

Bpay

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Bpay

Payment processing for web 3.0 Era.