[caption id="" align="alignnone" width="600"] Source Mediabistro[/caption]

Avoiding the Pitfalls of Ecommerce via Chargeback.com

Source Chinateca[/caption]

According to this, small businesses are owed more than GBP 55 billion in unpaid or outstanding invoices.

"The average business is owed GBP 11,358, with one in five owed more than GBP 30,000."

"With 67 % of SME business owners saying they still use paper invoices, (...) such businesses spend the equivalent of two weeks each year chasing unpaid invoices. For one in ten companies, a third (33 %) of invoices is paid late."

"When it comes to new invoicing methods, mid-sized companies are leading the way, with 85 % saying they have adopted e-invoicing."

According to this, Indian e-commerce has grown at a compounded annual growth rate of 30% since 2009 and is expected to reach USD 18 billion by the end of the 2015.

"Compared to the Western Europe, India’s e-commerce industry is still in its infancy. E-commerce contributes only 0.6% of the country’s GDP vs 1-3% for other countries, with only 12% of India’s online population transacting online vs 64% for the US and over 50% for China."

"This growth will further be accentuated by companies going in for public listing. (...) Results show that the nature of Indian e-commerce is also different. Travel accounts for 71% of Indian e-commerce, but e-tailing has grown the fastest, at a 59% CAGR between 2009-2013, to reach 16% market share."