what is e-commerce?
E-commerce,(online business) often known as electronic commerce, is the exchange of goods and services as well as the sending of money and data through an electronic network, most commonly the internet. These business dealings can be either B2B (business-to-business), B2C (business-to-consumer), C2C (consumer-to-consumer), or C2B.
How does e-commerace work?
The internet is what drives e-commerce. Customers use their own devices to access an online store to browse the selection and place orders for goods or services.
The customer's web browser will communicate back and forth with the server hosting the e-commerce website as the order is placed. The order manager, a central computer, will receive information about the order. It will then be sent to databases that control inventory levels, a merchant system that controls payment data using tools like PayPal, a bank computer, and a merchant system.Finally, it will circle back to the order manager. This is done to ensure that there is enough stock in the store and money in the customer's account to fulfil the order.
The order manager will alert the store's web server once the order has been confirmed. The customer will see a notice stating that their order has been successfully handled. The order manager will then notify the warehouse or fulfilment department that the goods or service can be delivered to the customer by sending order data to those departments. A customer may receive actual or digital goods at this moment, or access to a service may be granted.
Online marketplaces where vendors register, like Amazon, are examples of platforms that host e-commerce transactions.
E-Commerce Growth in Pakistan