What is e-commerce?

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What is e-commerce?

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Electronic commerce, popularly known as e-commerce, refers to the method of conducting business communication and transactions over networks and through computers. Electronic commerce includes the buying and selling of goods and services, and the transfer of funds, through digital communications. EC also includes all inter-company and intra-company functions that enable commerce and use electronic mail, EDI, file transfer, fax, video conferencing, workflow, or interaction with a remote computer. Typically, e-commerce sites are used to complete the e-commerce processes. An e-commerce site is any site that is involved in the buying and selling of goods and services. An e-commerce transaction typically requires a shopping cart system and a payment processing system.

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