For the trustworthiness of e-marketing
medium, there are three characteristics are technical competence, reliability
and medium understanding.
The typical example of that is PayPal.
As a successful tool of e-marketing, there
are five advantages of PayPal which are the reasons of its success.
Firstly, PayPal account is widely used
worldwide. PayPal has 130,000,000 customers in 150 countries and areas all over
the world. It has supported over16 foreign currencies
transactions. It realized that customers could pay the transactions by AUS
dollar to the buyer who only receive US dollar.
Secondly, it has strong branding. PayPal is
very popular in Europe and the United States. As a global online payment
symbol, the advantage of strong brand can make users’ website attract much more
overseas customers. It can support some small companies to complete
international transactions online easily.
Thirdly, the fast capital turnover should
be an very important advantages of PayPal.
The unique instant payment method allows you to receipts from overseas
customers timely. At same time, the payment can be transferred to your domestic
bank account within 3 days. PayPal can help users extend overseas market
efficiently.
Fourthly, the security of payment system is
reliable. The advanced security system and the experience of preventing fraud
make PayPal much more mutual. The lowest risk lost rate 0.27%, not reaching the
1/6 of traditional transaction mode, can ensure the transactions successful.
Finally, PayPal has the lower cost. Users
needn’t pay the registration fee monthly, only 1/2 of the cost in traditional
mode. This advantage can lower the transaction cost.
In summary, PayPal depends on these competitive
advantages to attract a large market share worldwide that explain the
trustworthiness of e-marketing medium vividly.
Yes, PayPal have been incredibly successful over recent years. I was reading (somewhere) recently that they are about to launch a physical payment card for F2F shopping, challenging the big credit card providers. That will be interesting!
ReplyDeleteif that is ture, once they launched, I would like to have a try. I love paypal soooo much. it brings lots convenience for me when I am doing shopping online.
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