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- Posted at 8:30 pm
E-commerce stands for Electronic commerce . Credit cards, wire transfers, and Debit cards are all forms of electronic commerce. Banks haven’t needed to move paper money for many years. Large companies, secuirities firms, and governments rarely write checks in their day-to-day activities.
What is Unique in that, today, electronic E-commerce, is not limited to large organizations with deep pockets anymore. We must thanks to development in the Internet which is widely available to everyone, private individuals and companies can exchange money for goods and services. The rapid growth of the Internet and the extense use of it for online businesses is changing the meaning of ecommerce. Today when someone says “ecommerce”, they usually mean “online business”.
Put it simply, ecommerce is a new way of buying and selling. People have been buying and selling for thousands of years. During 1998, online business grew by 384%+. Just as mail order has become second nature to anyone with a telephone, e-commerce will be second nature to anyone with access to a computer.