E-commerce sometimes called electronic commerce or online trading is the commercial exchange of goods, services and information via computer networks, including the Internet.
According to our research, South African Online Tradings discovered that in the context of inter-company trade, computerized data interchange (EDI) networks have been used for many years. Online transactions are also carried out on mobile telephone networks or smartphones. Thanks to technology for allowing people to trade anywhere and anytime. This trade by mobile devices is called mobile commerce or m-commerce.
In a context of strong environmental constraints, the development of distance selling tends to transform the logistics problems.
In South Africa, the professionals of the online trading sector are gathered within the federation of electronic commerce and distance selling (FEVAD).
Online payment solutions go from known payment systems, such as credit cards and bank transfers, to the dematerialized web players such as Neteller, Paypal, Skrill or Neosurf. These are less known payments but can useful.
Did you know that on some of the trading platforms we put forward, it is possible to credit your forex account and deposit cash in cash thanks to the ‘forex’ prepaid cards like the one offered by the trading system deferred payment Neosurf. Formerly, it was also possible to transfer money via money transfer offices like Western Union or Moneygram, but these possibilities no longer seem to enjoy the favours of online brokers anymore. However, since nothing is ever definitive on the web, some may change their policy and reintroduce this possibility (this is why we continue to mention it rather than just pass it over).
On our partners’ online trading websites you will be able to see the list of payment methods offered on the online Forex sites. Practical information on each deposit method is detailed and tables briefly outlining the advantages of different forex brokers accepting this solution.
Our website is updated regularly to give you the best information at all times and to take into account the evolution not only of the best brokers and online trading platforms of the sector but also of payment solutions and their strengths respectively.