Notes on E-Commerce

            
             E-Commerce refers to businesses and consumers buying and selling products online. The majority of e-commerce websites on the internet are retail stores selling products directly to the public. However there are also a proportion of online stores dedicated to business-to-business sales or wholesale activity. E-commerce does not only refer to the selling of physical products, it can also refer to the selling of services where payments for the services are made online. As a general rule an e-commerce website is a website where a transfer of funds is completed electronically. .
             E-Commerce website examples:.
             http://www.ebay.com.au/.
             https://www.jbhifi.com.au/.
             http://store.apple.com/au/.
             http://www.kmart.com.au/.
             http://www.myshopping.com.au/.
             http://www.graysonline.com/.
             https://www.ozsale.com.au/.
             https://www.etsy.com/.
             http://www.amazon.com.au/.
             http://www.harveynorman.com.au/.
             http://www.officeworks.com.au/.
             http://www.myer.com.au/.
             http://www.gumtree.com.au/.
             http://www.kogan.com/au/.
             https://www.flybuys.com.au/.
             http://www.oo.com.au/.
             https://www.dicksmith.com.au/.
             http://www.thegoodguys.com.au/.
             http://www.groupon.com.au/.
             http://www.theiconic.com.au/.
             http://www.bigw.com.au/.
             http://www.catchoftheday.com.au/.
             http://www.dealsdirect.com.au/.
             http://www.bunnings.com.au/.
             How does E-Commerce work?.
             This diagram shows that first the user buying items sends an order to the "merchants web server" then that sends a request to the payment gateway which sends another request for confirmation of payment from the bank which then sends the money to the merchant the merchant who is selling the item that needs to be bought and then the bank responds the buyer by taking the money out of their account, which sends out a payment gateway response and then the buyer receives their item.
             What are the benefits of being E-Commerce to the consumer?.
             Over the past decade E- Commerce has become the preferred method of shopping for a large number of consumers. Online shopping provides a vast array of benefits to the consumer that is otherwise unavailable in standard stores.