WHAT IS E-COMMERCE BUSINESS
E-commerce is the short term for electronic commerce. In other words, buying or selling through a network of computers. This refers to buying and selling of products or services on the internet. All these forms of activities fall in line with buying things on the internet, electronic payment, and auctioning goods and services on the internet. Now it has been in trend for a long time because it helps the consumers and businesses in some or other way. The online markets provide business with global accessibility while consumers can shop anywhere anytime without personally going to the store. E-commerce is one of the great boons for economic growth and may provide sustained support to growth in later years from technological advancements.
PAYMENT GATEWAY
Hence, proper payment gateways include providers of online services for making online payments. Such organizations would assist companies in securing electronic payment from its clients. It is through these gateways of payments who will ensure the safe delivery of the details of payments and would also ensure that this transaction would happen between the bank of the client and the bank of the merchant. They highly support a high number of payment modes. This, most often consists of credit cards, debit cards, e-wallets, and bank transfers.
This encrypts the information from falling into other people's hands and then forwards it to the customer's bank for verification. After verification, sends the confirmation to the authorizing merchant, who allows him or her to advance to filling up the order
MERCHANT ACCOUNTS AND LOGISTICS
It is just like a bank account that allows any trade to receive the amount with a credit and debit card. Once any customer starts purchasing the thing with the help of his card then a merchant account provider takes all those amounts which have deducted from the customer, money that is going to withdraw from him, and provides the entire surplus amount as the difference amount back to his bank account account to him.
A merchant account is often related to a payment gateway, and technically, a payment gateway works as a transaction which covers encryption of data as well as transaction verification.
Under the heading of logistics, people typically refer to the management of the flow of goods from one point to another. Under this e-commerce category, items such as inventory management, fulfillment of an order, shipping and returns would fall under the heading of logistics.
