Q1bii. What electronic payment systems are used? Are they globally acceptable?

Answer:

The electronic payment system used in the websites http://ebay.com, http://ebay.co.uk and http://ebay.com.au is called "PayPal". Through PayPal, the users of the communities can pay for the sold items in ebay by VISA or Master Card.

PayPal is the safer, easier way to pay and get paid online. The service allows anyone to pay in any way they prefer, including through credit cards, bank accounts, buyer credit or account balances, without sharing financial information. PayPal has quickly become a global leader in online payment solutions with more than 153 million accounts worldwide. Available in 190 markets and 18 currencies around the world, PayPal enables global e-commerce by making payments possible across different locations, currencies, and languages. (PayPal, 2009)

Thus, in Internet, PayPal is globally acceptable.

Reference:

1. PayPal (2009). "About us". PayPal, Retrieved Mar-14th-2009 from URL - https://www.paypal.com/hk/cgi-bin/webscr?cmd=p/gen/about-outside