E-Commerce Solutions
An e-market is a facilitated online environment that connects multiple buyers and suppliers in a single, Web-based hub to more effectively match supply and demand while reducing transaction cycles and costs. The e-marketplace works for companies engaging in collaborative business. This is an Internet site where goods and services suppliers publish catalogues of their wares and service offerings, which can be accessed by a large number of buyers. Value-added services an e-market can offer include the provision of automated documents to speed up the negotiation process, decision-support information, and other e-commerce services — such as company profiles and financial services for credit checks, online transaction processing, and access to efficient means of fulfillment.

The e-commerce resource center defines that “E-Commerce is a broad term describing business activities associated with technical data that conducted electrically-Commerce is a dynamic set of technologies, applications and business process that link enterprise, consumers and communities through electronics exchange of goods, services and information.

The Internet has opened up a new horizon for trade and commerce, namely electronic commerce (e-commerce). E-commerce entails the use of the Internet in the marketing, identification, payment and delivery of goods and services. The Internet, through advanced mechanisms of data transfer networks, establishes global linkages between customers and suppliers regardless of geographic location. E-commerce entails the use of the Internet in the marketing, identification, payment and delivery of goods and services. It involves order processing at company Websites and securing Electronic Fund Transfer (EFT) payment systems.

Payments on Internet

Electronic Payments are Financial transactions made without the use of documents such as Cheques. Having Paychecks directly deposited to your Saving Account, having your Electricity /Telephone Bill paid Electronically etc. are examples of e-Payments.
Thus e-Business has led to creating the e-Payments.
Let us see what are methods through which such payments can be made.

Some of the most common modes of Payments are:
- Payment through Credit / Debit/ Smart cards
- Digi cash/ E-cash
- E- Wallet
- EFT ( Electronic Fund Transfer)
- ACH ( Automatic Clearing House)
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