Internet Application

E-Commerce

The term e-commerce is used to describe the encrypted transactions on the Internet. E-commerce is the activity of sale and purchase of products/services by consumers/businessman by using the Internet. These transactions are real-time transfer of funds in between the seller and purchaser sometimes, sometimes these are manually.

Electronic Commerce (E-Commerce) is defined as the conduct of a financial transaction by electronic means. With the growth of commerce on the Internet and the Web, e-commerce often refers to purchases from online stores via the Web, otherwise knows as e-commerce Web sites. They may also be referred to as "virtual-stores". Shopping may be referred to as "Cyber Shopping".

Nowadays, sales on Internet are increasing very rapidly as people getting more knowledge about the retail prices of the products introduced by wholesalers in the market. This trend is set to strengthen as web sites address consumer security and privacy concerns. Using e-commerce you can also pay the bills. This is much faster to pay your bill electronically then the traditional method “standing in long queues”.

This is also cheaper and faster to pay bills online than the paying bill according to the procedure discussed previously.

BENEFITS OF ONLINE PAYMENT OF BILLS

Money and time saving: - You can pay you bills from anywhere and from any computer after once enter your account information. You can pay you bills from home and from work place or even while you would be traveling. Batter Money management: - If you pay your bills online there is no need to enter the transaction in your cheques book every time because your balance will be calculated simultaneously at the time of payment of bill and save into your data.

If you forgot your balance you can easily check your balance by accessing your website any time anywhere.

The advantages of an E-Commerce Web site:

• Your store is open for business 24 hours a day, 365 days a year. • You have access to one of the most rapidly growing markets. • You can increase your sales with little or no extra time from you. • You can give yourself a competitive edge over your competitors. • You can gain new customers locally and worldwide and make it easy for existing customers to return to you. • Your customers have access to your store from the comfort of their own home any time they are ready to shop. • Allows you equal opportunity to compete globally with the retail giants.