FUNDAMENTALS OF COMPUTER

Detailed explanation-1: -E-commerce (electronic commerce) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet. These business transactions occur either as business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer or consumer-to-business.

Detailed explanation-2: -E-business (electronic business) is the conduct of online business processes on the web, internet, extranet or a combination thereof.

Detailed explanation-3: -Ecommerce or electronic commerce is the trading of goods and services on the internet. It is your bustling city center or brick-and-mortar shop translated into zeroes and ones on the internet superhighway.

Detailed explanation-4: -Ecommerce is just one part of running an ebusiness. While the latter involves the entire process of running a business online, ecommerce simply refers to the sale of goods and services via the internet.

Detailed explanation-5: -Ecommerce payment processing is the process that happens when a business accepts payments from customers through an ecommerce portal. It’s done through a secure terminal, or gateway, that shields customers’ sensitive financial information and creates a pathway for transmitting funds from them to the merchant.