Responding To Strong Consumer Demand For Cross-Border eCommerce Services

HUNTINGTON BEACH, Calif. - Dec. 3, 2013 - PRLog -- Studies show many eCommerce vendors cannot find payment services or delivery systems that support economic cross-border expansion. Dr. Gearhart, CEO of World Market Vendor Services Inc., has carefully reviewed and analyzed the results of many studies on this issue. One EU study used an extensive independent mystery shopping exercise.  Cross-border online shoppers tried to purchase a list of 100 popular products from cross-border providers, like: cameras; CDs; books; and clothes.

Over 11,000 online orders were attempted. The results found that participating consumers could not complete 60% of cross-border transactions. The selling vendor did not ship the product to the buyer’s country, or did not offer adequate means for cross-border payment. In one study the research team found that in all but two countries the odds of succeeding in a cross-border purchase was less than 50%.

In a report on his analysis, Dr. Gearhart stated: “I find the clear conclusion to all of these studies is that we will not have an effective fully internationalized Digital Online Economy until the obstructions to cross-border online product listing and payment transactions are resolved.”

He also addressed the solution to this issue.  He believes we will not have a robust eCommerce based digital society until all of the barriers and obstructions are eliminated.  That will occur with delivery of the following:

1) A simple and universal set of cross-border selling and transaction rules for both vendors and consumers.

2) A simple and effective cross-border payment system, without fraud.

3) An effective enforcement of the selling and transaction rules.

4) An easy to use, reliable and comprehensive shopping and buying experience for the cross-border consumer.

5) A comprehensive means for worldwide vendors to offer products to all 2.4 billion Internet users and the over one million smartphone users, in all countries.

The interesting fact is these studies and their conclusions were made prior to the establishment of World Market.  World Market is a new and exciting global eCommerce service.

It very effectively and successfully fulfills all five requirements.  It gives each vendor and each shopper in 235 countries and territories a superior cross-border shopping experience. Operating in 66 languages, World Market provides a unique, secure and simple worldwide online shopping center and outlet mall.  World Market addresses all of the cross-border payment needs utilizing a fraud-free online cash payment service.

The technology, operational system and the services are now available for vendors to sell and deliver products to, and receive immediate cash payment from cross-border consumers.  Vendors can learn more by visiting: http://www.pinpayonline.com/.