Electronic Commerce can be defined as all kind of trade transaction of goods and services by using a electronic media. In e-commerce, the people who doing a activity of trading just connected via public network, and in the latest development uses an internet media. E-commerce is a dynamic set of technologies, aplications, and business process that link enterprises, consumers, and comunities through electronic transaction and the electronic exchange of goods, services, and information. The transaction between demand and supply can be done easily although they stay in a different geographical side. So, the conclusion is E-commerce is a part of business. And the example of electronic business from E-commerce is Auction Online . Auction means buyer offer price to various sellers to buy goods or service with desirable price by purchase. And then electronic auction (e-auction) means “auctions conducted online“.
IZkey.com is a website that prepare auction facilities. Izkey.com is a portal for online selling and buying process. In iZkey.com, we do not have to worry anymore when we do an online selling and buying process, because iZkey.com observe all auctions in that sites with do verification system and monitor all auction sales transaction. IZkey.com also enforce users to verify their identity before creating or bidding on an auction.
Procedure of iZkey.com
In iZkey.com, seller can turn on an auction or classification advertisement to sell the goods. IZkey.com just be mediator for the payments of the auction items. The security of the site can well guaranted and safe, because only users who have verified their banks accounts or send a copy of their KTP/SIM with iZkey.com can create or bid on an auction at this site. iZkey.com also prepare classification advertisement for seller so that seller can sell goods and do the payment without going through iZkey.com. iZkey.com is always trying to keep the sites working properly and the community safe. IZkey.com give a profit to buyer that is a seller will not get payment before goods is accepted by buyer, and buyer’s money safe at iZkey.com’s accounts bank. IZkey.com also give a profit to seller that is iZkey.com have a register of buy or sell progress in IZkey.com’s site, and IZkey.com will give signal to seller to sending a goods if purchasing fund has been accepted by IZkey.com. So between seller and buyer have a point meets.
Pricing
For cost detail of iZkey.com, iZkey.com give a free price for verified member to turn on listing in to the site. But for succesfull auction, seller must pay the administration fee. From Rp. 1,00 to Rp.1000.000,00 the administration fee is 1,25% from the price. From Rp. 1.000.001,00 to Rp.10.000.000,00 the administration fee is 1% from the price. From Rp. 10.000.001,00 to Rp.50.000.000,00 the administration fee is 0,65% from the price. From Rp. 50.000.001,00 to Rp.100.000.000,00 the administration fee is 0,50% from the price. From Rp. 100.000.001,00 up the administration fee is 0,25% from the price.
Payment System
All payments shall be effected through iZkey.com. Buyer who wins the auction is required to transfer his fund to iZkey account, when the won item has been obtained, iZkey.com will immediately transfer the fund to seller. This payment system is implemented to ensure safety shopping at iZkey.com and to eliminate any fraud at iZkey.com site.
Delivery
When Buyer has won an auction, he/she is required to transfer the purchase fund to iZkey.com's bank account within 2 business days. After getting confirmation from us that fund is received, Seller is required to deliver the item to Buyer within 3 business days. Buyer is then required to notify us within 2 business days that he/she has received the item in good will. Finally, iZkey.com will deduct listing fees and administration fees from the fund, and transfer the remaining fund to the seller's bank account within 1 business day. In the event of dispute, the fund will remain safe at iZkey.com’s bank account until an agreement has been reached by both parties.
By: Cassandra