Online payments at EUR 43.5 million in H1 2009

Electronic trade keeps a steady growth pace, with the industry reporting 570,000 transactions and a total amount of 43.5 million euros at mid-2009, up 68 percent against the same period of 2008, shows RomCard data cited in a release of company GECAD online payment.

Of this figure, GECAD ePayment processed 500,000 transactions worth 40.5 million euros.
“The market’s evolution is natural, especially in the current economic context.
The traders are forced to lower costs, and one of the most effective methods to do that is by taking to the Internet as an outlet that requires far lower personnel, maintenance and logistics costs.
Offers in all stores have also multiplied, regardless of the activity field, which is another reason for the good performance registered in the first half of this year compared with same period of 2008,” explains Marin Mitroi, RomCard director general.

Fire takes down Authorize.net, halting e-commerce

A fire in Seattle’s Fisher Plaza appears to have taken down Authorize.net, a service used by online businesses to process credit card and electronic check online payments.

That’s a big problem for any vendor using Authorize.net, since this basically means they can’t accept payments through their website until the service is up again. I’m told this affects both one-time and recurring payments. With its website down, Authorize has set up a new Twitter account to provide updates and address the many customer complaints and questions.

Many of the tweets can be boiled down to, “The team is working hard to get things running again, but I don’t have a timetable”; the company is also trying to reassure customers, “yes we have fully redundant data center” (sic), and also just said, “Transactions are up except for Global processing and Concord. No ETA on those, but we are working on in.”

The service has been down since around midnight Pacific time. I’m also trying to find out how many businesses are affected; TechCrunch says it’s “tens of thousands of e-commerce vendors,” but when Authorize.net was acquired by CyberSource back in 2007, it reportedly had 175,000 customers, and processed 1.1 billion transactions worth $65 billion in 2006.

Meanwhile, TechFlash notes the travel section of Microsoft’s Bing “decision engine” is also down due to the fire. The Bing Travel website says the site should be back up at 5pm Pacific time today.

Ctopay online payments solution in China and worldwide

Companies can increase sales level by enabling their websites to accept online payments.

Moreover when customers find that a website has a secure and fast online payment processing system, they will come back to buy more. By making use of ctopay.hk services, companies will not only provide a safe shopping environment to their customers but they will also save a great deal of money on the long run.

Ctopay.hk is a popular payment solutions provider in China. The company offers top-notch payment solutions within China and worldwide. Their business model is customer oriented and they strive to achieve the highest level of customer satisfaction. Their payment solutions use the latest technology available on the web to ensure reliable and secure solutions for its customers worldwide.

For more information, go to http://www.ctopay.hk/

New E-commerce service in Ctopay

Ctopay, the top online payment provier in Hongkong, announced the official launch of their new e-commerce service site: www.ctoseo.hk.
Besides the online payment service, now they cares to the web buliding, SEO service!
The dedicated SEO service is designed to promote more traffic to your webiste, thus to increase the sales for our customers.
You can view more detailed SEO service in our webiste!

Who will benifit from China's Ecommerce boom?

Chinese ecommerce grew over 120% last year, projected to be in high growth for the next 3-5 years. Now large companies such as Mcdonald, KFC, Haier, Gome, Lancome are all going ecommerce, who will benefit from the ecommerce boom in China?

consumers of course, some businesses as well.

Companies that are already in this industry will no doubt thrive on the growth. Alibaba, who is not only the largest B2B ecommerce platform in the world, but also owns the largest C2C website in China - Taobao.com, though Taobao is not very proftable due to the free listing strategy(beats ebay out of China this way), it does have dominant position and could quickly turn into a cash machine once good model is implemented. Its new ad system had a pretty good feedback.

Other large ecommerce companies such as dangdang.com and 360buy.com will likely to be on a short list of future public companies.

China '09 mobile e-commerce trade has a cheerful prospect

According to the market researcher, iResearch, the market's transaction scale is estimated to skyrocket by 204.8 percent on year in 2009 to hit 640 million yuan.

The market researcher believes that the mobile e-commerce market has a cheerful prospect, as many wireless e-commerce operators and traditional ones set foot in the field.

However, the market is still at the initial stage with the growth stunted by such factors as credit deficiency, imperfect mobile payment system, and a boundary between mobile e-commerce and traditional industries.

E-Commerce spending will rise 11% to $156.1 billion

E-Commerce spending will rise 11% to $156.1 billion this year, study says.
Despite the economic downturn, e-commerce sales, including event and movie tickets, will grow about 11% to $156.1 billion this year from $141.3 billion in 2008, according to the first installment of the three-part State of Retailing Online 2009: Marketing Report from research and consulting firm Forrester Research and Shop.org, the online retail arm of the National Retail Federation, a merchant trade association. Four out of five retailers say the web is better suited than offline retail to withstand the recession.
E-commerce sales grew 13% from 2007 to 2008, the report says. Online sales will account for 6% of total retail sales this year, up from 5% last year.
While Internet sales growth continues to outpace traditional retail sales, 54% of online retailers expect overall retail growth to slow during the next 12 months, and 57% acknowledge the economy is hurting their bottom line, according to the survey.