Grade 9- Computer - Summary Sheet Prepared by Mrs. Iman Sahouli Module 3 E-Commerce and Cybersecurity - Summary Task 1: E-commerce E-commerce is a term used to described any kind of business transaction made on the internet. A common example of e-commerce is online shopping. In this task we will cover the advantages and disadvantages of e-commerce and we will study the different kinds of e-commerce models. Advantages and disadvantages There are many pros and cons in the e-commerce world, however for the purpose of our class the following ones are the important ones: Advantage It provides a detailed description of the product. Disadvantage Customers must wait to receive what they ordered. E-commerce models Business-to-Business (B2B) Business to Consumer (B2C) Consumer to Consumer (C2C) Electronic business exchange from a business to another business. Example: Alibaba wholesales. Companies sell their goods directly to the customer. Example: H&M Online store. Consumers trade goods. Example: Noon, Amazon Grade 9- Computer - Summary Sheet Prepared by Mrs. Iman Sahouli Task 2: Online Transactions Online transactions involve an electronic payment. An electronic transaction is paying for goods/services on the Internet. Credit Cards and Debit Cards One of the most important and used payment method online is the use of credit cards and debit cards. Since these cards were introduced to the e-payment system it has made things a lot easier for many consumers and businesses. One of the greatest advantages of credit cards and debit cards online is that they payment is processed instantly. Mobile Payment: A mobile payment is defined as paying for goods or services through a mobile device. E-commerce technologies: E-commerce technologies are crucial in the development of the e-commerce methods. These technologies help make sure that e-commerce is up to date with the fast-changing technology around the world. Examples of e-commerce technologies include: o Electronic funds transfer o E-Marketing o Inventory Management Apple Pay: Apple Pay is Apple’s mobile payment service. It allows consumers to pay at stores online or in person using their mobile devices or electronic watches. Scam and warning signs Although online transaction is very convenient and allow for instant transactions, it also implies that some scammers will take advantage of consumers. Unfortunately, online transactions are not secure and internet fraud exist. There are some warning signs to look for when making an online transaction, some signs include: big unusual discounts and poorly designed website/grammar errors.