At present, there is a demand to purchase online and pay later. The platforms like Klarna Quadpay and AfterPay becoming increasingly popular. They allow the consumers to purchase items from a large number of the online stores using interest free payments split in 4. The payments are billed every 2 weeks.
Fraudulent activity by online sellers continues to increase. Even though AliExpress claims there is a buyer protection, it is rarely in the buyer’s favor. There are multiple ways the buyer can be scammed on the platform. The Russian populous claims the increase in fraudulent activity on AliExpress has risen since the beginning of 2021.
AliExpress, which is popular in Russia, is known to sell fake products. In the case of AliExpress, the counterfeit products sold on the platform are not removed. Amazon also has a lot of fake items listed. However, Amazon at least puts up an effort to remove such listings and has a task force dedicated to identifying fraudulent sellers.
The e-commerce market continues to grow around the the globe. This year, it is expected that e-commerce retail sales worldwide will reach $4.9 trillion. It should be noted that in 2019, American consumers spent $601.75 billion shopping online. However, there are certain items that should never be bought, particularly on Alibaba’s AliExpress.
The e-commerce wholesale platforms continue to grow. In 2020, online retailers saw a sharp increase in sales. The Coronavirus pandemic that spread around the world contributed to a change in shopping preferences for consumers. However, China has been one of the largest contributors of counterfeit products’ sales and manufacturing.