Information Technology (IT) revolution has been widely touted as having equal if not greater impact on us than the industrial revolution. The application of electronic commerce or e-commerce has led to many changes in the way business is conducted. The understanding of e-commerce solutions, the different options available today, issues regarding web hosting, difficulties in creating a merchant account and the like will be discuused in order to make effective business decisions through e-commerce solutions
By definition electronic commerce or e-commerce is the purchasing or selling of goods or services and the transfer of funds in any way using electronic communications in inter-company and intra-company business activities. An e-commerce solution is a solution to conduct business using technology, through an intra-, extra- or Internet solution. There are two types of e-commerce: Business-to-consumer (B2C) e-commerce involving companies selling products or services to individuals; and business-to-business e-commerce (B2B), in which companies sell to other businesses. |