E-commerce is defined as commerce that is transacted electronically, as over the internet. Most people think of E-commerce as buying things on the web. In reality, it is much more than that. It does include purchases from such places as Amazon or Borders for you books, to an array of sporting goods stores for your outdoor activities. It also includes services, such as banking. There is business to consumer (B2C) transactions that most of us use today. Another form is consumer to consumer (C2C), which included the popular auction sites. There is also business to business (B2B) commerce done on the internet. They are all forms of E-commerce
E-commerce means that the company runs their business online, not like the traditional business way. We have to go the shopping mall or store to get goods that we need, E-Business is the enabling of electronic communication between any two or more participants in a business relationship. It helps companies capture abroad business field, cost saving, and market opportunity. E-commerce is an important factor that is making people’s lives more efficient.
It is nearly impossible to purchase bitcoins with a credit card or PayPal because these transactions are easily reversible and more susceptible to “chargebacks” which is one of the problems that Bitcoin is trying to solve. One can acquire bitcoins by purchasing them at a bitcoin exchange, as a payment for goods and services, or through competitive mining.
Abstract: It is puzzling why so few small businesses have attempted to make it in the Internet ‘gold’ rush. Apart from an unprecedented access to information, the Internet has also provided unprecedented economic opportunities that have accelerated the pace of business innovation. Business-to-business and business-to-consumer transactions can occur, without regard to geographical location, over the virtual business transaction table that the Internet affords. In 1998, the Internet economy alone generated an estimated $301 billion in revenue. In spite of such economic evidences, however, only 22% of the 24 million US small businesses that exist conduct business transactions online or take advantage of the economic opportunities of the Internet. A Merrill Lynch study states that to survive in the evolving economy, small businesses must attain market share online. The fact that small businesses are thus failing not only to take advantage of the economic opportunities, but also to negotiate their survival must stem deeper than the simple explanation of ignorance or a lack of appreciation of Internet opportunities that are easy to employ to explain this situation. This paper attempts to determine the major issues at play in determining who participates and who does not on the e-commerce/Internet play field. It also offers a few suggestions of how some of these issues may be resolved to even the unbalanced scales that now exists between small and large businesses participation in e-commerce.
Did you know you can buy items such as a vintage World War Two plane, to a yacht, to a mobile home? It is true. EBay is an online auction and shopping website that is used by millions of people worldwide and offers customers a variety of various types of products to buy. It is one of the biggest e-commerce companies in the world. EBay allows people to sell and buy products from many different countries around the world. There are some people who make an income out of selling goods on eBay. In electronic commerce such as eBay, Information Technology (IT) is used anywhere from the collection and storage of data, to security factors, and to helping customers with their online auction experience. Without the help of Information Technology; eBay
Electronic Commerce as popularly as E-commerce has become a big deal in our growing economy due to the increase use of online systems. E-commerce now of the fastest growing business in the world. The technology has change the way of business. Business that have physical location have now made it an effort to focus their online business. It is the new sort of business platform where you can make use of different technologies like electronic data interchange or transfer document electronically. Online business is an effective of sales.
From PayPal to Debit cards, from EFT to Credit cards, this modern world has been inundated with new ways of making business transactions. Instead of the conventional use of dollars and nickels, now there are electronic payment systems. These types of systems allow for better trust and acceptance between consumer and businesses. In the traditional way of buying a product, one would see a product in person, and pay for it with cash or credit. In e-commerce, the business uploads images of its products online and it enables its customers to shop it using any type of electronic payment system.
E-commerce or electronic commerce is carrying out business communications and transactions through computers and over networks. It involves buying and selling of goods and services through digital communication. E-commerce also includes transactions on the World Wide Web and the Internet and means such as electronic funds transfer, smart cards and digital cash. E-commerce covers outward facing processes that interact with customers, suppliers and external partners such as sales, marketing, delivery, customer service, purchasing of raw materials and supplies for production.
E-Commerce is a type of industry where the buying and selling of products or services is conducted over electronic systems such as the Internet and other computer networks. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. It also includes ‘M-commerce’ which makes use of various mobile devices or smart phones. It means "the delivery of e-commerce capabilities directly into the consumer’s hand, anywhere, via wireless technology.” The various services available on M-Commerce are Mobile Money Transfer, Mobile ATM, Mobile ticketing, Mobile vouchers, coupons and loyalty cards, News, Stock Quotes, shopping apps, Mobile brokerage etc. Launching of Google Wallet Mobile App is one of the recent developments.