E-commerce: E-commerce is the buying and selling of goods and services over the internet. It includes online shopping, electronic payments, online auctions, and other transactions conducted through websites, mobile apps, and online marketplaces. This process enables businesses to reach a global customer base and allows consumers to shop conveniently from anywhere, anytime.

Key aspects of e-commerce
What it is: The electronic exchange of products or services between businesses and consumers (B2C), businesses and other businesses (B2B), or consumers and consumers (C2C).

How it works: Customers can browse and purchase items online, adding them to a digital cart and completing the transaction through secure online payment systems.

Where it happens: Transactions occur on various digital platforms, such as dedicated e-commerce websites, online marketplaces like Amazon or eBay, and social media platforms.

Examples: Popular examples include online shopping for physical or digital goods, electronic banking, online ticket purchasing, and online auctions.

Benefits: For businesses, e-commerce offers a 24/7 operation and a wider reach. For consumers, it provides convenience, accessibility, and a greater variety of products.

Shopify

Square

WooCommerce