Electronic commerce or ecommerce is a term for any type of business, or commercial transaction, that involves the transfer of information across the Internet. It 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 is currently one of the most important aspects of the Internet to emerge.
Merchants
Merchant services is a category of financial services in the United States that is used by businesses. Merchant services are authorized financial services that allow a business to accept credit card or bank debit card transactions using online ordering or point of sales systems. To use merchant services, a US-business must obtain a merchant account to accept customer credit card and electronic payments through an electronic commerce Web site.
E-commerce is a transaction of buying or selling online. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web for at least one part of the transaction's life cycle although it may also use other technologies such as e-mail. Typical e-commerce transactions include the purchase of online books (such as Amazon) and music purchases (music download in the form of digital distribution such as iTunes Store), and to a less extent, customized/personalized online liquor store inventory services. There are three areas of e-commerce: online retailing, electric markets, and online auctions. E-commerce is supported by electronic business.
Types of e-commerce business models
The internet can open up new e-commerce opportunities for your business to buy, sell or exchange goods or services online. It is important to understand the different types of e-commerce models that exist, and find the one that best suits your business.
Seven types of e-business retail structures
The primary e-commerce models broadly cover two main categories:
business to consumer (B2C) - selling products/services directly to individual consumers
business to business (B2B) - selling goods/services to other businesses
Other models cover different types of business relationships, including:
consumer to consumer (C2C) - where consumers pay commission to buy and sell items
consumer to business (C2B) - where a sole proprietor may be serving a larger business
business to government (B2G) - for businesses whose sole clients are government
government to business (G2B) - for government sales to private businesses
government to citizen (G2C) - for government sales to the general public
Who is Merchants?
A merchant is a person who trades in commodities produced by other people. A merchant historically was anyone who was involved in business as long as industry, commerce, and trade have existed. The status of the merchant has varied during different periods of history and among different societies. In modern times, the term occasionally has been used to refer to a businessperson or someone undertaking activities (commercial or industrial) for the purpose of generating profit, cash flow, sales, and revenue utilizing a combination of human, financial, intellectual and physical capital with a view to fueling economic development and growth.
What are Merchant Services?
Merchant Services, or better known as credit card processing is the handling of electronic payment transactions for merchants. Merchant processing activities involve obtaining sales information from the merchant, receiving authorization for the transaction, collecting funds from the bank which issued the credit card, and sending payment to the merchant.
E-Commerce Business
Electronic commerce or ecommerce is a term for any type of business, or commercial transaction, that involves the transfer of information across the Internet. It 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 is currently one of the most important aspects of the Internet to emerge.
Merchants
Merchant services is a category of financial services in the United States that is used by businesses. Merchant services are authorized financial services that allow a business to accept credit card or bank debit card transactions using online ordering or point of sales systems. To use merchant services, a US-business must obtain a merchant account to accept customer credit card and electronic payments through an electronic commerce Web site.
What is E-Commerce?
E-commerce is a transaction of buying or selling online. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web for at least one part of the transaction's life cycle although it may also use other technologies such as e-mail. Typical e-commerce transactions include the purchase of online books (such as Amazon) and music purchases (music download in the form of digital distribution such as iTunes Store), and to a less extent, customized/personalized online liquor store inventory services. There are three areas of e-commerce: online retailing, electric markets, and online auctions. E-commerce is supported by electronic business.
Types of e-commerce business models
The internet can open up new e-commerce opportunities for your business to buy, sell or exchange goods or services online. It is important to understand the different types of e-commerce models that exist, and find the one that best suits your business.
Seven types of e-business retail structures
The primary e-commerce models broadly cover two main categories:
business to consumer (B2C) - selling products/services directly to individual consumers
business to business (B2B) - selling goods/services to other businesses
Other models cover different types of business relationships, including:
consumer to consumer (C2C) - where consumers pay commission to buy and sell items
consumer to business (C2B) - where a sole proprietor may be serving a larger business
business to government (B2G) - for businesses whose sole clients are government
government to business (G2B) - for government sales to private businesses
government to citizen (G2C) - for government sales to the general public
Who is Merchants?
A merchant is a person who trades in commodities produced by other people. A merchant historically was anyone who was involved in business as long as industry, commerce, and trade have existed. The status of the merchant has varied during different periods of history and among different societies. In modern times, the term occasionally has been used to refer to a businessperson or someone undertaking activities (commercial or industrial) for the purpose of generating profit, cash flow, sales, and revenue utilizing a combination of human, financial, intellectual and physical capital with a view to fueling economic development and growth.
What are Merchant Services?
Merchant Services, or better known as credit card processing is the handling of electronic payment transactions for merchants. Merchant processing activities involve obtaining sales information from the merchant, receiving authorization for the transaction, collecting funds from the bank which issued the credit card, and sending payment to the merchant.