E-business applications turn into e-commerce precisely, when an exchange of value occurs. Ecommerce is the buying and selling of goods and services online in exchange for money and data to complete the transaction. Everything you need to know about the E- Commerce. E-commerce means using the Internet and the web for business transactions and/or commercial transactions, which typically involve the exchange of value (e.g., money) across organizational or individual boundaries in return for products and services. E-commerce is primarily conducted on computers and smartphones, but can also be facilitated by other smart devices, such as TVs and even watches. The term electronic commerce or e-commerce refers to any sort of business transaction that involves the transfer of information through the internet.
By definition it covers a variety of business activities which use internet as a platform for either information exchange or monetary transaction or both at times. When the customer has browsed through your e-commerce website and decided that they would like to buy, there has to be a process that accepts their order. The software that runs this process is called a shopping cart. This goes to the heart of commerce. There has to be an exchange of value. If one of the parties to the transaction is paying money, the other one should provide a product or service in return. We have reached a point where almost all goods that sell in physical stores also sell on e-commerce websites—gadgets, books, automobiles, grocery, toys, and apparel among others. In addition, e-commerce enables easy transactions in a wide variety of goods such as air tickets and magazine subscriptions.
The e-commerce era has also enabled the easy sale of new categories of products. One example would be digital goods such as music, ebooks, software and the like.
When the customer has browsed through your e-commerce website and decided that they would like to buy, there has to be a process that accepts their order. The software that runs this process is called a shopping cart.
In addition to making a note of what is being purchased and updating the order database, the shopping cart performs several other tasks:
forwarding customers to the payment gateway
(in the case of downloadable digital goods) redirecting paid customers to the download page.
computation of taxes and other levies
capturing the billing and delivery address of the customer
upselling to the customer
processing of coupons and other discounts
ensuring user acceptance of terms of service and other conditions of sale
creation of codes, such as invoice numbers, order number, tracking number and the like
presenting customers with delivery options and adding the corresponding fee
There are some e-commerce websites, especially in the business-to-business space that might provide credit for purchases. In most cases, an e-commerce transaction involves transacting money. E-commerce means using the Internet and the web for business transactions and/or commercial transactions, which typically involve the exchange of value (e.g., money) across organizational or individual boundaries in return for products and service This process is conducted by a piece of software called the payment gateway.
The payment gateway presents customers with payment options, accepts identification details, such as credit card numbers, and authenticates customers using a password, CVV code, or multiple factors of authentication.
E-commerce means using the Internet and the web for business transactions and/or commercial transactions, which typically involve the exchange of value (e.g., money) across organizational or individual boundaries in return for products and services.
We agree with people who say that effective logistics is the key to a successful e-commerce business. lectronic commerce, known as E-Commerce, occurs daily when sellers and buyers use the internet to conduct business transactions. One of the most disappointing features of online purchase is the indeterminate and inordinate delay in receiving goods.
As a result, e-commerce businesses need to ensure that the right product is delivered to the customer, in good condition, and within the period that the customer expected. Electronic commerce, known as E-Commerce, occurs daily when sellers and buyers use the internet to conduct business transactions. Technology makes it possible for anyone to buy or sell practically anything online. Since logistics is a specialized function, several e-commerce businesses outsource it to third party logistics providers.
Customers need to be serviced pre-sales as well as post-sales. Before the sale, customers might have queries about product features that are not mentioned on the website. They might have questions about customization and accessories. After the sale, customers might have queries related to the usage, repair or enhancement of the products or services that they have already purchased.
Here we focus on digitally enabled commercial transactions among organizations and individuals.
Digitally enabled transactions include all transactions mediated by digital technology and platform; that is, transactions that occur over the Internet and the web.