1. Relationship between E-payment and E-commerce
Just as simple is gaining access to your download page, or to your product itself. Let
me state right here that these problems are NOT the fault of the payment acceptance
company. They make every known effort to provide a secure environment for your
sales transactions and account information. However, just as viruses can infect
software, cyber thieves can hack into sales links. Because the links are easily
accessible, and because they are even more easily changed, the use of a payment
acceptance company can represent a high risk of stolen sales. Find a way to encrypt or
hide the code that these sales hijackers are seeking. This can be accomplished by
either hiring a programmer (or scripter) to create a special code for you, or by
purchasing software that disguises your code so hijackers can’t recognize it.
E-payment and e-commerce are twin brothers. As the most important driving force for
the third party payment, e-commerce had been developing in a toddling state during
five years at the beginning as the consumption capacity of netizens was less
substantially large, the concept of e-commerce was introduced from outside into
China and there lacked localized innovations. A favorable turn from such a situation
came in 2003. Driven by over 100 million netizens, the wave of e-commerce
localization boost rapidly; and subsequently, the third party electronic payment
platforms experienced a period of rapid development.
In 2003, third party payment services started in China and the trading volume only
amounted to RMB7.4 billion Yuan in 2004. Then, the annual growth rate was
maintained above 100 percent in the subsequent years. At the very beginning, there
were only two or three providers of such services; but such providers rapidly
increased and amounted to about over 40 or 50. The successful pattern of e-payment
was rapidly copied in the industry, and large-scale e-commerce websites began to set
up their respective payment platforms in succession, which later become their
subordinate enterprises and then extended out and developed. Now, almost all
large-scale e-commerce websites have been provided with a contracted third party
payment platform. The third party platforms have helped to get the trading flow
simplified and have also set up a stage of trust between trading parties.