Electronic Commerce or E-Commerce Website refers to the transaction of buying or selling of product or services online. E-Commerce websites allows commercial parameters for a business to grow their network via offering a tab of ‘BUY’ option. This offers safe security and convenient payment gateway for a company to induce their audience for secure and hassle-free transactions.
E-Commerce covers a range of different types of businesses, from consumer based retail sites, through auction or music sites, to business exchanges trading goods and services between corporations. It allows consumers to exchange goods and services via online mode with no barriers of time or distance. E-Commerce is currently one of the most important aspects of the Internet to emerge and has expanded rapidly over the past five years.
The ratio of businesses commercializing their product or services on digital or online platform has been accelerated and increased and people are moving their operations onto the Internet.
Business to Business or B2B often deals with hundreds or even thousands of other businesses, either as customers or suppliers. Carrying out these transactions electronically provides vast competitive advantages over traditional methods. When implemented properly, E-Commerce is often faster, cheaper and more convenient than the traditional methods of bartering goods and services.