E-commerce

E-commerce

E-commerce

E-commerce , also known as electronic commerce or internet commerce, refers to the buying and selling of goods or services using the internet

__ any kind of commercial transaction that is facilitated through the internet.

e.g. Amazon, alibaba, ebay, daraz, sastodeal

note: almost anything can be purchasedThrough e-commerce today.

Types of e-commerce models

Business to consumer(B2C)

Business to Business(B2B)

Consumer to Business(C2B)

Consumer to Consumer (C2C)

Limitations of E-commerce

1. Internet service required

2. Knowledge of digital devices required

3. Less secure

4. Low privacy of customer's details

5. De-personalize shopping experience

Advantages of E-commerce

• It makes buying/selling possible 24/7

• It makes buying, selling procedure faster, as well as easy to find products.

• Larger number of options

• Home delivery service

• Global market

• Physical office not required

• paperless commerce

Disadvantage of E-commercete

• No guarantee of product quality

• Technical failure may affect the business system

• Internet service required

• Security problem

M-commerce/Mobile-commerce

M-commerce(mobile commerce) is the buying and selling of goods and services through wireless handheld devices such as smartphones and tablets.

people can perform several functions such as pay bills, buy and sell goods and services, access emails, book movie tickets, make railway reservation, order books, read and watch the news etc.

Advantage of E-commerce

• Easy to use

• More access to user data

• Time-saving

• Global customer base

• Easy inventory management

Disadvantages of M-commerce

• Smartphones Limitation

• Connectivity

• Need faithful shipment company

• Security

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Online Payment

Making transactions or paying for goods and services through an electronic medium, without the use of checks or cash.

e.g. eSewa Nepal, iPay, Khalti, e-banking, connect IPS, fonepay etc.

Advantage of Online Payments

• Low labour costs

• Convenience for online sales

• Automatic

• Fast transaction speed

• Low risk of theft

Disadvantage of Online Payments

• Service fees

• Inconvenient for online sales

• Vulnerability to cyber criminals

• Reliance on telecommunication infrastructure

• Technical problems