E-commerce is an extension of traditional commerce. In traditional commerce, exchange of goods and services, information and money etc. are the activities of business. But E-commerce is a process of buying and selling of goods and services over the web or internet.
E-commerce ( electronic commerce) is buying and selling of goods and services throughout the world with the help of internet. E-commerce has a wider range, because it is also deal with transferring funds and data, stock investment, online banking etc.
Many applications and software are used in E-commerce, which helps in dealing online. There are many steps taken for the security of transactions from stealing information etc.
In the E-commerce, consumers goes through the internet to the website for purchase something, after purchasing he moved to the online transaction server ( all the information is encrypted here). Then he placed an order, the information moves through a private gateway to a processing network. Where all the transactions ( related banking ) are done.
1) Online consumers- online consumers are those who are purchasing something online from any website or app. These are the important part of an e-commerce activity, because without consumers no business can exists.
2) Merchant website- it is an online platform for online business. Because this is a place where buyers are coming online for purchasing something.
3) Internet- internet is an important part of e-commerce. Without internet, no online purchasing or selling or any other transactions take place.
4) Online transaction server- this is a place where purchasing process is done and important information regarding customer and product is encrypted
5) Processing network- after information is encrypted. It is send to Processing network though a private gateway. Where acquiring and issuing banks complete or deny the transaction request. This is also a secure process.
This process is done on the website, apps etc. Some companies like Mantra, Amazon, Flickr, eBay etc. are working as e-business.
E-commerce is the process of buying and selling of goods and services on the internet. This is a wide range market. It makes easy for se...
