Ecommerce, also known as electronic commerce or internet commerce, refers to the buying and selling of goods or services using the internet, and the transfer of some data to execute these transactions. It also involves electronically transferring data and funds between two or more parties. Simply put, it is online shopping as we commonly know it.
Different forms of e-commerce include business-to-business and business-to-consumer.B2B transactions mainly include suppliers and retailers dealing with payments for manufactured items.
Purpose of E-Commerce Websites:
E-commerce Website transactions occur either as business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business and trading, products or service Which is conducted via the internet.