e-Commerce is the process of buying products and services online. The most typical form of e-commerce is an online catalog (shopping cart) that allows users to select products and pay for them by credit card. e-Commerce is a very popular mechanism for companies large and small to sell their wares on a world-wide market.
e-Commerce requirements
- Shopping Cart
Online catalog that allows users to select products to purchase at 'check out'. - Merchant Account
Service that handles the financial processing of credit cards. - Processing Gateway
Service that enables transactions from your Shopping Cart to your Merchant Account - Digital Certificate / Secured Server
Encrypts information to provide secure transaction processing
e-Commerce Tips
- e-Commerce is available in many packages. Thoroughly research a solution provider before committing, particularly those that have low up-front costs. There are often hidden costs or special terms that will prove detrimental in the long run.
- Be careful when selecting a Merchant Account, read the fine print in the agreement. (See Merchant Accounts for more tips).
Further Reading
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