e-Commerce refers to the process of buying or selling products or services over the Internet. Online shopping is becoming increasingly popular because of speed and ease of use for customers. ... Business to Consumer ( B2C ) involves the online sales of goods, services and provision of information directly to consumers.
Similarly e-Commerce supports Business to Business ( B2B ) by often deal with hundreds or even thousands of other businesses, either as customers or suppliers. Carrying out these transactions electronically provides vast competitive advantages over traditional methods. When implemented properly, e-Commerce is often faster, cheaper and more convenient than the traditional methods of bartering goods and services.
A Payment Gateway is an e-Commerce service that processes credit card, debit card, net banking to receive payments in online, Payment Gateways fulfill a vital role in the e-Commerce transaction process, authorizing the payment between merchant and customer.
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