Electronic Payments
When you're shopping for items online, there wants to be a mechanism to pay online too. That is the place fee processors, and fee gateways come into the picture. Electronic bills cut back the inefficiency related to writing and mailing checks. It also does away with lots of the security points that come up as a consequence of fee made in foreign money notes.
Online Auctions
When you think online auction, you think eBay. Physical sales predate online sales, but the Internet made transactions accessible to a large number of buyers and sellers. Online sales are an efficient mechanism for price discovery. Many buyers find the auction shopping mechanism much gripping than standard storefront shopping.
Internet Banking
Today it's doubtless for you to carry out the whole gamut of banking operations without visiting a real financial institution branch. Interfacing of sites with financial institution accounts, and through extension credits scorecards, was essentially probably the foremost vast driver of e-commerce.
Online Ticketing
Air tickets, movie tickets, train tickets, play tickets, tickets to sporting events, and just about any tickets can book online.
Online ticketing does away with the ought to queue up at ticket counters.
Types of E-commerce
E-commerce will be classified founded mostly at the variety of participants within the transaction:
· Business to Business (B2B): are these the place equally the transacting events are businesses, e.g., manufacturers, traders, outlets and the like.
(B2C): When enterprises sell electronically to end-consumers, it is called B2C e-commerce.
· Consumer to Consumer (C2C): Some of the earliest transactions in the global economic system involved barter -- a type of C2C deal. But C2C sales were virtually non-existent in recent times until the advent of e-commerce. Auction sites are an excellent example of C2C e-commerce.
Benefits of E-commerce
The primary benefits of e-commerce revolve around the fact that it eliminates limitations of time and geographical distance. In the process, e-commerce usually streamlines operations and lowers costs.
Specialized Forms of Ecommerce
On some platforms, e-commerce has shown the promise of explosive growth. Two such examples are:
· M-commerce: M-commerce is quick for "mobile commerce." The rapid penetration of cellular gadgets with Internet entry has opened new avenues of commerce for retailers.
· F-commerce: F-commerce is short for "Facebook commerce." The immense popularity of Facebook provides a captive audience to transact business.
Despite this discussion, at the consumer level, online retail has become synonymous with e-commerce.
