Ecommerce is defined as transactions made via the Internet were you can either sell to consumers or sell to business. The terms are also known as Business to consumer (B2C) and Business to Business (B2B).
These transactions are typically made by software that is integrated to your existing website or in the case you don’t have a website the software will become your ecommerce website. Ecommerce transactions are very secure, we use Payment Gateways and SSL seals.
In the case of B2C, typically the consumers pay via credit card, the ecommerce shopping cart process the payment by using a secure transaction gateway. Proceeds are deposited in you regular credit card merchant account issued by your bank. For B2B, you as a distributor or supplier of goods, your customers “buys” your products via your ecommerce transaction engine and the payment is made with a PO or Purchase Order if your customer have previously established credit. The order is then received at your warehouse and it’s dispatched the usual way after being cleared by your internal processes and or departments. This transaction can also be imported to you existing accounting software, making this a truly automated process.
The ecommerce transaction engine will manage statistics and reports for you. Reputable ecommerce engines can handle mechanizing returns, vendor statistics, monitor frequent buyers, calculate shipping costs and even promote newly arrived products.