Commerce Is Helpful For Business
You've seen it all on those expertly designed web pages. You have seen dozens of web pages with pictures of mansions, Ferraris, Lamborghinis, yachts, private jets, pictures of the guru sipping a drink lying on a hammock, pictures of many a vacation with the family and friends, playing golf, riding a magnificent horse, and many more pictorial records of events designed to evoke the envy of even the richest of men. Analyzing the consumer preferences regarding purchasing on international e-commerce websites, the WorldPay's Global Online Shopper report found that 43 percent of Brazilians, 38 percent of Argentinians and 50 percent of Mexicans shop on overseas websites, but they all have concerns. Sixty-four percent of consumers in Argentina have cited shipping and delivery as major concerns when shopping online, closely followed by 59 percent of Brazilians. Anxieties about fraud and protection of identity are also high (Argentina 55 percent, Brazil 47 percent, Mexico 56 percent).
Finally the cost of shipping and delivering goods is also a concern, as well as additional taxes. Unexpected or unclear costs can result in shopping cart abandonment.
Who are you marketing your site to? Although some sites may appear to be general interest - i.e yahoo. You want to focus on users who will bring the most value to you. Find the underlying purpose of your site, most of the time, it is to get information out to a specific group of people, and increasingly more popular now to have e-commerce sites. But again, you are offering information on a product or service or multiple products and services, and then providing the online sale. Depending on the underlying purpose of your site, you will be able to quickly identify the value target audience.
It's important to note that, in this context, PayPal is a special type of account from which money can be taken to pay for goods and services. The owner of the PayPal account deposits funds into the account and is then able to pay for goods and services using that account assuming of course that the seller accepts PayPal payments. PayPal began as a payment medium through which purchasers on eBay, who did not have credit cards, could deposit and then spend funds.
Students unable to obtain a credit card are a good example. It is a measure of the success of PayPal that it is now considered a payment method in its own right and is so widely supported.
The critical point here is that the actions or inactions of one person can have significant and far reaching economic and liability consequences for your company. If you don't know who is handling the various sales tax requirements of your company, then find out. As your business grows, so should the resources you devote to the sales tax function. You may not need to hire a full-time person, but you may need to allocate the responsibility between additional staff.
Many companies find that outsourcing the tax preparation to be a very good first step.
Even the banks , payment gateways and online payment merchants, mobile payment vendors , etc supporting these online poker, online rummy, online card games and fantasy sports websites can be held liable for not following cyber law due diligence norms as they have blindly approved online payment option to these illegal and law breaking websites. These banks and payment gateways can also be held liable for money laundering, FEMA violations and assisting in tax evasion. If such banks, payment gateways and online payment merchants have already approved such illegal and law breaking online poker, online rummy, online games and fantasy sports websites in India, it is in their own interest to cancel such approval immediately. The banks etc must ask them to first comply with applicable techno legal compliances and then support their claims with a proper techno legal consultancy from a reputed law firm.