E-Commerce
Online shopping is the process whereby consumers directly buy goods or services
from a seller in real-time, without an intermediary service, over the Internet.
If an intermediary service is present the process is called electronic commerce.
An online shop, e-shop, e-store, internet shop, web shop, web store, online
store, or virtual store evokes the physical analogy of buying products or
services at a bricks-and-mortar retailer or in a shopping mall. The process is
called Business-to-Consumer (B2C) online shopping. When a business buys from
another business it is called Business-to-Business (B2B) online shopping. Both
B2C and B2B online shopping are forms of e-commerce.
Shopping Carts
Is software used in e-commerce to assist people making purchases online,
analogous to the American English term 'shopping cart'. In British English it is
generally known as a shopping basket, almost exclusively shortened on websites
to 'basket'.
Payment Gateway
Is an e-commerce application service provider service that authorizes payments
for e-businesses, online retailers, bricks and clicks, or traditional brick and
mortar? It is the equivalent of a physical point of sale terminal located in
most retail outlets.
Payment gateways protect credit card details by
encrypting sensitive information, such as credit card numbers, to ensure that
information is passed securely between the customer and the merchant and also
between merchant and the payment processor.
Online sales processing using credit card based transactions may not be quite as
straightforward as you may think. Many web site owners new to ecommerce are
under the impression that they just plug a shopping cart into their site; but a
cart is only a part of the whole ecommerce process. When was the last time you
called customer support because you were having problems checking out online?
Probably never! Cart abandonment rate is at around 60%, and most of it happens
before the user even begins the checkout process. Sometimes, convincing your
customers to trust you is your biggest challenge. Ecommerce-Guide provides
ecommerce business owners with e-commerce news, software reviews and tutorials,
technology solutions and information-commerce allows people to create completely
new business models, Drupal e-Commerce is a package of modules to let you create
your own online store. It is totally free, open source, rich featured and
flexible.