E-business depend on the development of new business strategies based on networks. The world has become increasingly inter-connected via telecommunication networks and computers. These offer fast, flexible, and cost-effective ways of doing business.
The Internet is driving the new economy by creating unprecedented opportunities for countries, companies and individuals around the world. CEOs worldwide recognize the strategic role that the Internet plays in their company’s ability to survive and compete in the future. To be competitive in the Internet economy, companies need to harness the power of the Internet successfully.
over that the internet banking portion is experiencing significant growth and as E-commerce if one simply examines the general change in activities of internet bankers and services provided by conventional bankers on the internet.
so E banking make it easiest for many customers and save times to make purposes is done, and one of the most important things you should look into when banking at online, is how quick the process would take when depositing money.
There are many payment methods that provide a great service, but e-Wallet services such as PayPal and Skrill tend to be two of the most popular out there.
when did paypal and skrill appea?
PayPal Holdings, Inc. is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like cheques and money orders. The company operates as a payment processor for online vendors, auction sites, and other commercial users, for which it charges a small fee in exchange for benefits such as one-click transactions and password memory.
Established in 1998 as Confinity . PayPal had its initial public offering in 2002, and became a wholly owned subsidiary of eBay later that year. In 2014, eBay announced plans to spin-off PayPal into an independent company by mid-2015 and this was completed on July 18, 2015.
Skrill is a digital wallet on 27 July 2001 founded, it is allowing you to make payments and send money online. Skrill, known as MoneyBookers until 2013, is mainly used as a payment gateway by many e-commerce, gaming with a focus on low-cost international money transfers. Skrill can also be used for international money transfers to mobile wallets or bank accounts through a service called “Skrill It”.
While using Skrill It to send money to your friends and family abroad can be convenient for you (especially if you already have a Skrill account), it is usually a very expensive way to send money. Skrill charges a 1.9% transfer fee (capped at €20, or equivalent) and takes a 3.99% margin on the exchange rates. The total cost of your transfer can therefore be almost 6% of the amount you are sending, and even more if you include the upload and withdrawal fees.
- How does paypal work?
In Skrill after you register and creat your account you becaome ready so you can have by this service Select the country you are sending funds to
Choose the amount, decide how much you want the recipient to receive
Add recipient name and receiving bank account details
Make the payment using your bank account or card
And if don’t have their Bank details? send money with just e-mail address:
Send and receive money instantly
Transfer funds to friends and family globally in 40 currencies
All you need to send or receive money with Skrill is an email address
Simply enter the recipients email address, select your currency and the amount then click send.
And in PayPal you can pay for almost anything in the world on the PayPal system (as long as the recipient has an e-mail address). A few things that you can’t pay for with PayPal include most items , adult content or services.
After you sign into your PayPal account and click the Send Money tab, you can send money from PayPal in the following ways:
Paying for eBay items: When you buy an eBay item on eBay, you need to pay through the eBay Checkout system.
Goods (other): By clicking this radio button, you can send money to anyone in the world for goods purchased anywhere other than eBay.
Services: You can send payment for a service performed for you or your business, such as web design, bookkeeping, psychic readings — your imagination can get carried away here.
Personal: Use this when you need to send money to your kid in college or pay back your roommate for saving you from great embarrassment when you left your wallet at home on a double date.
- Why skrill ?
• FAST AND CONVENIENT: Send money directly to a bank account. Reach up to 45 countries. Transfers are processed in 1 – 2 business days.
• LOW FEES: More money arrives when you send with Skrill. View the exchange rate and any fees before you send.
• SECURE: Benefit from leading risk reduction and anti-fraud technology. Enjoy safe online payments. Skrill is authorised by the Financial Conduct Authority (FCA).
There are other benefits to using Skrill as well such as…
• Instant withdrawals and deposits into bookie accounts
• Keep your betting account separate from your main bank account
• Have one location for all your betting deposits and withdrawals
• Ease of use if keeping records of your betting profit and loss
• Skrill are also fully vetted, authorised under UK and EU law and regulated by the Financial Services Authority (FSA) in the UK.
• Secure: whether you are paying bills, sending money or making a purchase, PayPal works hard to keep your financial information secure.
• Fast: no need to enter all your financial information every time you shop. Speed through checkout with PayPal.
• Easy: not only is signing up for PayPal free, but you can also make purchases and send money to family and friends in the U.S. using your PayPal balance or bank account, at no extra cost.
The E-banking world grew fast and strong and it became easy to deal with money, especially after using skrill for its credit cards, which enabled the user to do business better. So I think that this revolutionary technology allows to work more features than conventional banks in terms of speed of conversion and dealing with encrypted currencies.