The buying and selling of products or services over electronic systems such as internet and other computer networks are known as Electronic commerce or e-commerce, ecommerce or e-comm. The entire online process of developing, marketing, selling, servicing and paying for products and services is also included in this ecommerce.

In electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems-the use of commerce is spurring and draw on innovations. For virtual items such as for the access to premium content on a website a large amount of electronic commerce is conducted entirely electronically..Transportation of physical items is involved in most electronic commerce

Sometimes these transactions include the real-time transfer of funds from buyer to seller and sometimes this is handled manually through an EFT – POS terminal once a secure order is received by the merchant.

Consumers are taking advantage of lower prices offered by the wholesalers who sell their products through retailers which increases the internet sales rapidly. And this will strengthen as web sites address consumer security and privacy concerns. Contemporary electronic commerce involves everything from ordering “digital” content for immediate online consumption, to ordering conventional goods and services, to “meta” services to facilitate other types of electronic commerce.

Ecommerce benefits are as below.

Reduced costs by reducing labor, reduced paper work, reduced errors in keying in data, reduce post costs

Only less leads times for payment and return on investment in advertising and also faster delivery of products

It has the ability to handle complex situations, different products and customer profiles without putting the situation into a tough one.

It has also the ability to handle complex situations

There is improved communication between trading partners which leads to improved or long term relations among them.

It has the ability to find new markets which really helps in establishing with more business

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