What is Ecommerce?
E-commerce, short for electronic commerce, refers to the buying and selling of goods or services over the internet. It involves the exchange of products or services between businesses, consumers, or both, conducted electronically through websites, mobile apps, or other digital platforms.
E-commerce enables businesses to reach a global audience, operate 24/7, and conduct transactions securely online. It encompasses various types of transactions, including online retail (B2C), business-to-business (B2B) transactions, online auctions, digital products or services, and more.
E-commerce platforms facilitate the entire transaction process, from product browsing and selection to payment processing and order fulfillment. They often include features such as online storefronts, shopping carts, payment gateways, inventory management, customer accounts, and analytics tools to support businesses in managing their online operations.
Overall, e-commerce has transformed the way businesses operate and consumers shop, providing convenience, accessibility, and efficiency in buying and selling goods and services in the digital age.