E-Commerce, also known as Electronic Commerce, is a type of business, or commercial transaction processed over the Internet. E-Commerce is spreading like wild fire and it continues to make most people’s life easier and more convenient.
E-Commerce consists of online banking, online stores, such as retail and car shopping, as well as many online businesses that offer information and business exchanges. Today, most people do all of their transactions over the Internet. Paying bills, trading stock, purchasing homes, cars and clothes are the most popular. Businesses today seemed to be expanding via the Internet. E-Commerce has also boosted Internet Service Provider’s memberships. Almost everyone is connected to the Internet in some sort of way, either at home, work or school. As well as E-commerce is doing, there are also Cons that go with the Pros of this Internet business.
First of all, there are probably a lot more Pro’s in E-Commerce, starting with convenience. You can do almost anything today without ever having to leave your house. Buy clothes, groceries, cars and most any item in your home on line. Paying bills is a big advantage for E-Commerce. It also saves money on stamps and envelope as well as checks and money orders. Not to mention it’s time-efficient. You just click on a button and pay almost any bill or purchase an outfit and even trade stocks. Along with convenience, E-Commerce also allows some privacy. You don’t have to go into any store or business, you can do any transaction in the privacy of your own home.
As for the con’s of E-Commerce, some might worry about credit card fraud when using their credit card over the Internet. With the help of advanced technology, most websites that offer usage of a credit card has a privacy protection and a secure website. However, it may be possible for hackers to get a hold of the information. Then again, credit card fraud is just as easy to happen if you were to leave a receipt at a gas station with your information on it. There is also the possibility that most physical stores that you would shop at might go out of business due to the high demands of Internet shopping.
E-Commerce has come along way since the Internet was introduced years ago. From what it looks like today, the outcome looks inspiring. It is very likely, that in the future, almost any type of business will be offered on the Internet and E-Commerce will continue to accelerate into the future.
Hakman, Kevin. E-Commerce Tutorial Overview. 10 Apr. 2003. Webmonkey. 13 Apr. 2003 http://hotwired.lycos.com/webmonkey/e-business/building/tutorials/tutorial3.html
Hakman, Kevin. E-Commerce Tutorial Overview. 10 Apr. 2003. Webmonkey. 13 Apr. 2003. http://hotwired.lycos.com/webmonkey/99/04/index0a.html
Whyte, Gordon. E-Commerce Essentials. 10 Apr. 2003. What You Need To Know
About. 13 Apr. 2003.