E-commerce (electronic commerce) was first introduced in the 1970’s and meant that businesses were able to send money transactions and commercial documents (purchases) electronically. During this time credit cards were becoming more popular and with this e commerce become more common and widely used.
When the internet was invented in 1990 it opened a whole new way to shop. People were able to buy products online from transactional websites. With the internet becoming more popular in the early 1990’s encryptions and protocols had to be used to create better security for all users. At the start of the 21st century people were able to buy the majority of products online. People now commonly assume e-commerce with online retail.
Now people commonly assume buying online with websites such as eBay, Amazon or any clothes stores. Companies now are able to run completely on the internet and have no stores in city centres. More and more online stores are opening each week and security for each transaction has radically improved since the start of e-commerce.
One of the safest ways to buy online currently is by using PayPal. It was founded in 1998 and is now used world wide on a vast number of transactional websites such as Amazon and eBay. It offers a safe and simple way to pay for products and in 2008 it represented nearly 9% of global e-commerce. When buying products online I use PayPal the majority of the times and it makes every transaction very simple to complete. All it requires all users to have a PayPal account but this is only done to save time entering details when you next purchase.
PayPal is used in large number of sites that sell products online. A good example of this is Amazon. Amazon is an online based company which sells products from books to bikes. It mainly offers products from its warehouse but now offers customers to sign up themselves and sell their own products. Amazon stores almost all of its products in warehouses and sends them off once bought. Not only are you able to buy items which will be delivered but you are now able to purchase downloadable products such as music and books.
When using Amazon I found that it was very easy to find what I was looking for and was even able to sort all the options into price and category. I was able to buy more than one thing at a time and with PayPal made it very simple to order and confirm my payment.
Although all these online transactions are good there are a lot of negatives to this as well. Having your details online mean that there is a chance that they could be hacked and your details could be used.