In: Operations Management
The world post Covid 19 has created the concept of social distancing which will impact on the way we do business. Online purchasing is expected to increase because it will reduce human interaction and contribute to the reduction of Covid 19 related illnesses. However, online purchases have created contemporary legal issues which may be a novel for most legal systems in several Caribbean Countries.
You are required to critically discuss the concept of online purchases and the various methods used in online transactions with supporting case laws.
Coronavirus situation has boosted E-Commerce throughout the world. Now, referring to purchase things online to avoid any interaction via the offline purchase of available items online.
Online purchases are going popular nowadays, and all the businesses are now trying to shift from brick and mortar to at least block and click, keep up with the going trend, and attract customers.
Online purchases are very convenient for the consumer as an online platform provides many options and choices in front of the consumer.
It provides ease to the consumer as they can purchase things online at any time, from any place, even overseas. Thus, it is very convenient for the consumer to buy items online, as it helps them save time and money in travel while making the transaction easy.
Various methods used in online payment are Cash on delivery, online banking, through debit cards and credit cards, through online wallets.
Recognizing the need for this in the Greater Caribbean, the Association of Caribbean States (ACS) has partnered with the United Nations Conference as on Trade and Development(UNCTAD) for taking legal actions against any fraud.
Furthermore, HIPCAR (Harmonization of ICT Policies, Legislation
Moreover, Regulatory Procedures in the Caribbean) is also in execution for keeping an eye on online purchase.