BHARATCRAFT ..pptx

7/27/2019 BHARATCRAFT ..pptx

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PRESENTED BY:

TANU TANEJAANU MITTAL

ABHINAV GUPTA

ROHIT JAIN

ARPIT AGARWAL



ONLINE PORTAL FOR HANDICRAFTS B2B AND BRC PORTALS







1. Ordering: The customer enters the credit carddetails. He/She is presented with a summary of theitems, price and billing information.

2. Initiating the transaction: Encrypted payment

information; secured with industrial strengthencryption, is then forwarded to the merchantCyber Cash cash register

3. Merchant picks up information: The merchant's

Internet storefront receives the encrypted paymentmessage. The merchant's identification informationis automatically added. 'The customer's credit cardnumber remains invisible to the merchant.



Through the CyberCash firewall: Still encrypted,the payment request is forwarded over the Internet andis received through a secure firewall by the CyberCashservers.

From the cyber register to the bank: CyberCashinstantaneously passes the payment request to themerchant's financial institution or a third-partyprocessor acting on behalf of the financial institution.

From the cash register to the bank: The request

for authorization is approved or declined by theconsumer's credit card bank or issuing financialinstitution.



The bank sends approval: The response of thecustomer's credit card bank or financial institutionis returned to the merchant's financial institution orthe third-party processor. The response is returned

to the merchant via the CyberCash cash register.

Transaction complete and captured: The

handicrafts product is delivered to the customer:



Consumers find a product by shopping searchengine.

Once a particular product has been found on thewebsite of the seller, most online retailersuse shopping cart software

A "checkout" process



Online shoppers commonly use a credit card PayPal

Cash on delivery (C.O.D.)



• Online Consumers demand next-day or even same

day delivery

• Existing transport and logistics services do notfully satisfy the requirements of e-commerce

• Logistic requirements for e-commerce are quitedifferent from those of traditional trade.

• Pure online retailers tend to lack the necessaryLogistic infrastructure and experience for handlinge-commerce.

• Traditional warehouses and other logistics are not

suited for e-commerce retail goods.



The service provider's set-up costs for a medium transactionsite will be around Rs 20,0011 per year

Charges per transaction will depend on the type of credit cardand vary from 2 to 3.5 percent per transaction

A digital certificate costs around Rs. 10,000 to a few lacs,depending on the type of authenticity.

To obtain it, one has to approach some valid parties such asCyber Cash and VeriSign

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BHARATCRAFT ..pptx