ELECTRONIC COMMERCE IN COLOMBIA

ELECTRONIC COMMERCE IN COLOMBIA

1. LAW 527 OF 1999

   • ADVENTAGE
     • Overcoming geographical limitations. Obtaining a larger number of customers both online as offline thanks to the increase in visibility that the Internet allows. Starting cost and much less maintenance than a traditional business. Easier to show the products for the businessman. Easier and quicker to find the products for the buyer.
   • DISADVANTAGES
     • Competition is much greater, since anyone can start an e-commerce business (at least in theory). There are still many consumers who are reluctant to buy without seeing the product and who do not trust online payments. Shipping costs are expensive when the volume of business is small, and this is a big disadvantage for small businesses.
   • Law 527 of August 18, 1999 regulates the access and use of data messages, electronic commerce and digital signatures, and certification bodies are established and other provisions are issued.