E-Commerce is the process of buying and selling goods and services on the Internet. As the net became more popular it became easy for various companies to showcase their products on their web site and sell them through their web site. This type of business is quite beneficial to both customers and sellers alike.
Customers can shop anytime during the day and also compare prices between various web sites and find a good bargain. Sellers can have a wider reach for marketing their products and also they can reduce their costs and directly sell to the customers thereby eliminating middlemen.
E-Commerce is of two types, B2B (Business to Business) and B2C (Business to customer). In the former, business is between various vendors and between a wholesaler and a retailer. The latter, B2C, transactions take place between the vendor and the customer.