Understanding e-CommerceA-Level Ict

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E-Commerce is impossible to avoid now days .Almost everyone in the western world is at one point a consumer of the growing industry of e-Commerce

Electronic commerce or e-commerce is where business transactions take place via electronic communication networks, especially the Internet.

Examples of e-CommerceHere are some different businesses, see if you can work out which are involved in e-Commerce and why:EBayTescoiTunesMicrosoftMcDonalds

Examples of e-Commerce cont.As you will have noticed by now everything we do is part of e-commerce. This is because everything now can be done online as well as in the shops.EBay An online based auction roomTesco Also does internet shoppingiTunes Buy music online.Microsoft Downloads, sales and technical advice online.McDonalds Only advertises online.

Why e-Commerce??????E-Commerce is growing so fast because of its quickness- whereas in years gone by people would send a cheque to the company and then the company would cash the cheque before dispatching the goods.We can now use instant transactions to transfer money from account to account in a number of seconds.

Why e-Commerce?????? cont.Another popular factor of e-Commerce is its wide availability. people from everywhere can buy not just those the company can afford to send a leaflet to, also it means that the internet can be used as an extra income for your spare time.E-Commerce is very low maintenance- you just have to wait for people to buy and then send the goods; simple as!!!

The Dangers of e-CommerceAs with every industry there are downfalls- in the case of e-commerce these downfalls are a way for criminals to make vast amounts of cash with minimal effort- this can happen because:Sellers never send the goods.Sellers steal credit card details.Buyers use a fraudulent account which they cease once they have received the goods , therefore cancelling a payment.Buyers payments or details are lost due to an error on the servers.

How It All WorksUSERWEBSITEBUYS ITEMCREDIT CARD DETAILS GIVENDETAILS SENT TO A PAYMENT COMPANY e.g. PAYPALORDER RECEIVED + PAYMENTCLEAREDGOODS SENT!!!