Integrating payment solutions to online marketplaces
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Perustieteiden korkeakoulu |
Master's thesis
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Authors
Date
2016-06-13
Department
Major/Subject
Mobile Computing-Services and Security
Mcode
SCI3045
Degree programme
Master's Programme in Mobile Computing - Services and Security
Language
en
Pages
67
Series
Abstract
E-commerce and online purchases represent the future of commerce. With this trend, businesses are opening or extending their presence online to gain more visibility, to sell their products and services through diverse electronic marketplaces or online shops, and to engage with their current and future customers to improve the customer experience. This has resulted in an evident need for easy to deploy, reliable and safe solutions to enable an existing web site with selling and payment capabilities. Moreover, people who advertise products or services on their personal web sites but are unable to create their own online stores have realized that they can benefit from the opportunities provided by the Internet by selling their products and services through third-party electronic marketplaces. This thesis focuses on the payment solutions provided by the third-party services, which enable web sites and applications with payment capabilities. These solutions provide a simpler and faster method of integrating a payment system into a web service compared to traditional solutions. Specifically, the research aims at outlining the general principles that must be followed when choosing a payment solution. Integration of payment solutions, implementation challenges and their possible solutions are discussed in a separate section as well. This work is centered, especially, on the marketplace solutions versus the common subscription based services solutions, and one time payments. In addition, this thesis provides an overall review on the latest technologies and business aspects related to the topic. To facilitate this research and to emphasize its practicality, a case study is presented about the integration of a third-party payment method to an online marketplace.Description
Supervisor
Aura, TuomasThesis advisor
Ratamäki, KatjaKeywords
payment, online service, credit cards, electronic commerce