The discovery of Internet commerce businesses has develop diverse means of payment technology to aid facilitate the completion of business transactions over the Internet.
Most of these traditional technology use by the banking and financial sector and other merchant has fail countless times.
Online merchants and consumers alike expect online buying and selling to be easy, efficient, and safe. In addition, technological advances in smartphones and e-wallets, shifting purchase patterns to modernize way of transacting in real time.
Below is a list of the major challenges in online payment platform
- Scam and charge backs
As e-commerce grows rapidly, opportunities for fraudulent misuse of payment networks and data theft grow right alongside.
Chargebacks, in addition to being costly, can damage business reputations; an excessive number of chargebacks can lead to closed merchant accounts, effectively killing the business. Of course, when making an online payment, the buyer manually enters card information, so the chip appears to have no benefit.
While a password or PIN code can be stolen or guessed, fingerprint data requires the buyer’s physical presence - Cross-border transactions
Cross-border payments can be slow, inefficient, and expensive, but they play an important role in global trade. Typically, national banking infrastructures can’t handle cross-border payments, resulting in independent and non-uniform development in technologies and software platforms that complicate or stall cross-border transactions.
- Lack of Security
Online payment systems for the internet are an easy target for stealing money and personal information. Customers have to provide credit card and payment account details and other personal information online. This data is sometimes transmitted in an un-secured way.
- Lack of Trust
Electronic payments have a long history of fraud, misuse and low reliability as well as it is new system without established positive reputation. Potential customers often mention this risk as the key reason why they do not trust a payment services and therefore do not make internet purchase
Introduction of Araw Platform for Ecommerce Businesses
The Araw Platform is an online crypto currency payment and unified Reward system that is intended to be use across the nations of the world to provide a tangible solution to the current challenges mention above by using the Araw token as a means of crypto currency exchange for the purchase of goods and services within the platform built under the ethereum smart contract
The Araw token is a utility based token that is built E-Commerce & Payment industry for the global village
How Araw platform Create a Permanent Solution to Current Challenges in ecommerce
Araw platform has develop an online payment widget that can be plug and play in ay websites.
The Araw platform employs the decentralized payment system between merchant and consumer by using the Araw token which enable fast liquidity on the ethereum smart contract.
Adoption of the Araw token makes it more transparent to her users globally with audit report of transactions made on the platform.
What Is Araw Platform Featuring For The Ecommerce Industry?
ARAW CARD - TOUCH & PAY
This card allow users of the platform to make small payment like micropayment at shops, supermarkets and online every day shopping at their own convenience time.
UNIFIED REWARD SYSTEM
This is the first ecommerce platform that reward every users of the Araw platform for every transaction they make due to their frequent usage. This is the heart base of the Araw platform to make every customer satisfaction a top priority.
Araw platform has put in place a robust technology by understanding, developing and implement ideas to give customer unforgettable reward for their patronage irrespective of their social status in the society
MOBILE APP PAYMENT SYSTEM
Araw platform has make life more easily, you can shop while working on the road, cultural centers, worships center etc. with the help of the Araw mobile system with flexibility
BANKING SYSTEM INTEGRATION:
With the help of Araw platform, you can link your local bank to the platform to shop online with secure and robust technology put in place for your safety
What Makes ARAW platform Unique
ARAW token is a part of everyone’s day-to-day online & in-store shopping without users of the platform changing their shopping pattern or understanding the underlying complexity of Technology
ARAW PLATFORM ICO DETAILS
Token type: ERC20
ICO token price: 1 ARAW = $0.01
Total tokens: 5,000,000,000
Available for token sale: 3,500,000,000 (70%)
Whitelist: YES (15 May – 30 June)
Know Your Customer (KYC): YES
Pre-sale start date: 1 JULY
Public sale start date: TBD
Soft cap: 2,000,000 USD
Hard cap: 25,000,000 USD
Accepts: ETH
HOW IS THE TOKEN DISTRIBUTED
STATISTICS REPRESENTATION OF FUND ALLOCATION
ARAW TEAM
ARAW PLATFORM ADVISOR
STRATEGIC PARTNERS
CONCLUSION
Araw platform has come to stay to revolution the traditional ecommerce system to make it a friendly and awesome environment to shop online and retail outlet. The diagram below thump it up why we all need the Araw Platform
For more information about this great platform check the below link
https://arawtoken.io
https://www.facebook.com/arawtoken
https://www.linkedin.com/company/arawtoken/
https://www.reddit.com/user/arawtoken
https://bitcointalk.org/index.php?topic=3497194
https://twitter.com/arawtoken
https://medium.com/@TheARAWToken
https://t.me/ArawTokenOfficial
https://github.com/arawtoken
https://www.youtube.com/channel/UC3QKDkSt7UbhqWlAm2T5Abg
Author Detail's
bitcointalk username: wizardcrypto
Bitcointalk Url Profile: https://bitcointalk.org/index.php?action=profile;u=2312222