Entrepreneurship Semester 8

Online Business

Paulo Santos

Email paulo@sopaulo.com

WhatsApp 00251915740161

Week 3

Lesson Plan: Exploring Payment Systems for E-commerce

Equip students with the knowledge of various online payment systems suitable for e-commerce, emphasizing their features, limitations, and the importance of setting up secure payment methods.

3 hours

Materials Required:

  • Computer with internet access
  • Projector for presentations
  • Access to listed payment system websites
  • A video (to be prepared by the instructor) on payment systems with subtitles

Part 1: Introduction to Payment Systems (15 minutes)

1.1. Overview of Online Payment Systems
– Importance of having a reliable and secure payment system for e-commerce
– Brief mention of the two potential options for future exploration: Skrill and Stripe

Part 2: Deep Dive into Payment Systems (90 minutes)

2.1. PayPal (20 minutes)
– Brief overview and history
– Update as of March 2021: Limitations for users in certain regions like Somaliland
– Recommendations for security: Using PayPal with a MasterCard from Hargeisa
– Reading material: PayPal Options

2.2. 2Checkout (20 minutes)
– Introduction and comparison with PayPal
– How 2Checkout can be beneficial for Somaliland residents
– Importance of having a Dahabshiil account for smooth transactions

2.3. Payoneer (20 minutes)
– Payoneer’s role in the freelance world and its benefits
– Demonstration: Withdrawing money to a Dahabshiil bank account
– Introduction to the Payoneer debit card and its uses

2.4. Ikajo (15 minutes)
– Brief overview of Ikajo and its services
– Update on its incompatibility with Somalia

2.5. Dahabshiil (15 minutes)
– Importance of having a Dahabshiil account
– Introduction to the swift code and the international banking system

Part 3: Setting Up and Verifying Payment Systems (30 minutes)

3.1. Practical Session (20 minutes)
– Guided session: Students set up accounts on the mentioned platforms
– Emphasize the importance of accurate information (ID card, name, date of birth) for account verification

3.2. Discussion and Q&A (10 minutes)
– Addressing common issues faced during setup
– Open floor for questions and clarifications

Part 4: Homework and Future Plans (15 minutes)

4.1. Assignment Overview (5 minutes)
– Encourage students to finalize their payment system setups and test them
– Assignment: Write a brief review of their experience with each platform

4.2. Preview of Next Week (5 minutes)
– Brief on the continuation of the topic next week and the expectation for students to have a working e-commerce payment system

4.3. Contact and Support (5 minutes)
– Encourage students to reach out via WhatsApp for any assistance during the week

Conclusion (10 minutes)

  • Recap the significance of secure and reliable payment systems for e-commerce
  • Emphasize the importance of setting up and testing these systems for a real-world business scenario
  • Open the floor for any final questions or discussions

Note: This lesson plan offers a comprehensive guide to online payment systems, tailored for regions with specific payment challenges.

Continue with the domains and hosting

in Dahabshi Bank go to Mr. Hassan Ibrahim, tell him to open an account and that you are from Abaarso Tech Univ. with Teacher Paulo, the fee is $5 to open the account. 

Mr. Hassan Ibrahim

Hassan Ibrahim