Electronic Commerce - the buying, selling and exchange of information, products and services via computer networks. HM Customs & Revenue Glossary
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electronic commerce; the practice of buying and selling goods and services over the Internet; = e-business:
• a website design agency specializing in e-commerce
• e-commerce applications such as online ticketing and reservations
word focus - e-commerce
E-commerce and e-business are both used to talk about the practice of buying and selling goods and services over the Internet. E-business can also describe the use of computer systems to control activities related to operating a business.
Buying and selling goods and services using the Internet
Online shopping is the activity of buying a product or service using a computer connected to the Internet. Customers can look at items for sale on a website called an online store (alsoonline shop ). They put the things they want to buy in a virtual shopping cart and then check out by typing in their personal details, such as their name and address, and how they are paying. People can pay with a credit card or debit card, or with e-money/e-cash, which involves moving money electronically from their bank account to the seller's account using a system such as EFT ( Electronic Funds Transfer). Another way of buying something on the Internet is in an online auction, in which people bid for goods that are displayed on a website such as eBay trademark . The main two types of e-commerce are B2B (business-to-business), which is selling between companies, and B2C (business-to-consumer), which is companies selling to customers. Online banking is a form of e-commerce offered by many traditional banks, and it is possible to carry out normal banking activities, such as checking your bank balance or paying bills, on their website as well as going to a branch. The banking services offered by online banks, that only exist on the Internet, are known as Internet banking.
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Electronic commerce.
A term used to describe all forms of buying and selling of goods electronically.
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e-commerce UK US (also ecommerce) /ˈiːˌkɒmɜːs/ noun [U] E-COMMERCE
► the buying and selling of goods and services over the internet: »
Recognizing the value of e-commerce, traditional companies also jumped online.
adopt/get into/embrace e-commerce »Today it's almost impossible to do business without embracing ecommerce.
»business to business e-commerce
»e-commerce business/company
»e-commerce solution/package/facility
»e-commerce software/application/platform
Financial and business terms. 2012.