We hear so many “e” words today; e-mail, e-book, e-trade and more. “E” stands for electronic. E-commerce is conducted over the Internet, electronically. This might refer to business to business transaction, or purchases consumers make online. If you purchase goods from a website, you are participating in e-commerce. If you sell goods online, this is also e-commerce. E-commerce can also apply to services that are sold or exchanged online. NewZensolution have the best dedicated team for E-commerce development. We provide all type of E-commerce solutions to our client. We believe only quality and error free E- commerce solution those deployed to any language and any type of platform websites.
You may pay for goods and services online with a credit card, an electronic check or a previously established online account such as Paypal. These are sometimes called “cybercash” accounts. When using these cyber-accounts, the money is transferred from your account to the other without releasing or revealing any of your personal information such as credit card numbers and bank accounts.
This added security led a lot of people to feel more secure with e-commerce and “secured transactions”. The Federal Electronic Signatures Act in 2000 set standards for contracts and forms that are signed electronically. The internet had created a whole new world in which new laws would have to be formed.
Legal standards had to be set regarding electronic signatures and the legal binding of an electronic signature. These new laws began to ease people’s worries of online purchases and e-commerce great greatly in the 90s. By the end of the 1990s, online retail sales were over $7 million. People loved being able to browse and purchase things online and have it mailed to them, no going to the store and fighting the crowds, you don’t even have to get dressed to shop. People loved it!
Other online commerce includes trading of stocks, purchases of airline tickets and groceries, and participation in auctions. Everyone has heard of Ebay.com. Millions of people every day participate in eBay auctions. People can do research of the online markets and easily find the best deal on their product without any legwork. In addition to purchasing, people can set up their own e-commerce stores easily. If you have a product, want to sell a hobby such as needlework, or if you have a service to offer, you can reach a much greater crowd by opening an online store.
E-mail, faxes, teleconferencing and telephone or online banking are all forms of e-commerce also. These forms have mostly been around longer but they are all still part of the e-commerce industry. More and more people are taking advantage and choosing to pay bills online, receive statements and more.