Contribution of flexible payment method in online shopping

In the Philippines, the trend of online shopping is now on the rise. Two years ago, online shopping was in a different place, a place was people don't consider them at all. One factor is that both online and offline scams have a high rate here in the country. It is why transactions done online is not highly regard by most of the local online users. Initially, local online users went to top local online classified websites in the buy and sell industry. They contributed in preparing the local online users for the arrival of online malls in the Philippines. Buy and sell websites eventually help build a marketplace community. Buy and sell was harder online classified wasn't available yet and relied only thru offline. It became a website for canvasing the market price of the item they want to buy offline.

This helped Internet become more diverse for customers. This online ad websites became a platform for people who wants to buy and sell. Unlike Ecommerce, these are third party resellers who deal with the website visitors. It's most likely that transaction is being done offline by third party resellers. The same goes for group buying websites for the impact it did on local users. They help lead the preparation of local online users for the Ecommerce industry in the Philippines. When Ecommerce websites arrived in the country, they were already prepared for online deals already. People consider online shopping probably due to the fact that the reward is higher than risk. The amazing deals offered to customers from group buy websites were very rare.

With lower prices being offered by group buy websites, it made it harder for local online users to refuse them. It was only last year when website like Lazada Online Mall was launched in the Philippines. It is only one of the online store ventures that are available across South East Asia. It is powered by Rocket Internet, which is owned by the Samwer brothers. They made significant impact in the local Ecommerce industry with their offering of unconventional offline payment methods. Customers are given numerous kind of payment methods which they finding fitting for themselves.

Online stores conventionally accept only credit card or PayPal payment. These conventional online payments are usually the reason customers don't push through with their orders since they don't any of it. It is their Cash on Delivery or more known as C.O.D. was offered to local online users. This payment method helps them to tap the untapped marketing in the country. This is actually the majority market in the Philippines. By tapping this market, it eventually helped the rise of Ecommerce in the Philippines. Nowadays, more people are now open to idea of doing their shopping online. It truly helped that being able to pay in cash made it easier for the local online customers. Besides, paying thru conventional online payments such as credit cards requires more details when using.