E-commerce Introduction

By: Prof. Dr. Fazal Rehman | Last updated: February 3, 2024

What is E-commerce?

E-commerce is a term used for electronically buying or selling products by using the Internet.

Some other activities also considered as E-commerce;

• Internet banking

  (internet banking, mobile banking, telebanking, ATMs, debit cards, and credit cards. )

• Payment gateways

  (PayPal, Stripe, Square, SecurePay, Worldpay, Authorize.net, 2Checkout.com, Braintree.)

• Online ticketing

  (Railway booking, Airline reservations system, Airline ticket.)

• online auctions

  (GoDaddy domain name auctions, ebay acutions, ebid acutions)

• Conversational commerce: e-commerce via chat

  (live support of hostgator)

• Digital Wallet

  (PayPal, Apple’s Passbook, Square Wallet, Chirpify, Zipmark.)

What is the scope of e-commerce?
Types of E-Commerce

1. Business-to-business (B2B)
2. Business-to-consumer (B2C)
3. Consumer-to-business (C2B)
4. Consumer to consumer (C2C)
5. Business to administration (B2A)
6. Consumer-to-administration (C2A)

What are some examples of e-commerce?
What are the advantages of e-commerce?
What are the types of e-commerce applications?