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Commonly, eCommerce refers to some aspect of retailing online. A company may use various business tools to sell products, ship and consult with clients. In short, eCommerce combines the Internet and money in the best combination possible to maximize sales.
eCommerce businesses are built in several different ways. Some companies opt for bare-bones platforms such as Zen Cart or OS Commerce, while others pay a monthly fee for Yahoo! or Ebay Stores.
A prime concern is payment processing. These days, many banks offer online credit card and check processing. The biggest and most well-known payment service, PayPal, handles all of these for clients through a number of available merchant programs. Amazon and Google, however, have entered the playing field with competing services. This has enabled merchants to offer choices to clients, which means more sales.
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Electronic commerce, commonly known as (e-shopping) e-commerce or eCommerce, consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. The use of commerce is conducted in this way, spurring and drawing on innovations in electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at some point in the transaction's lifecycle, although it can encompass a wider range of technologies such as e-mail as well. |
A large percentage of electronic commerce is conducted entirely electronically for virtual items such as access to premium content on a website, but most electronic commerce involves the transportation of physical items in some way. Online retailers are sometimes known as e-tailers and online retail is sometimes known as e-tail. Almost all big retailers have electronic commerce presence on the World Wide Web.
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