Electronic Commerce
Electronic commerce is known as e-commerce or ecommerce which is the method of buying or selling products or services electronically such as the Internet. The form most commonly known is the Internet with websites like Amazon.com, eBay.com and Ticketmaster.com. Internet retailers like these may also be called e-tailers and Internet retail may also be called e-tail. One of the best sources for news and information about Internet retail is InternetRetailer.com.
Today’s electronic commerce normally uses the World Wide Web in transactions. These transactions are normally done with credit cards such as Visa, MasterCard, American Express and Discover. The acceptances of credit cards and ATM in the 1980s were some of the first forms of electronic commerce that are still widely used and known today. Now when you hear the word ecommerce it is most likely being referred to as the buying or selling products or services on the Internet.