Electronic commerce more famously known as e-commerce is swinging the globe we would say. Though we see it developing at an extreme rate lately, let us tell you that if you are in it, you will soon be your own guru.
E-commerce is traditionally known as the buying and selling process conducted via internet. In simple terms “it is an online market place”. It has all possible functions that could be carried out at our conventional grocery stores or supermarkets.
At the very basic levels e-commerce enables the following
• Buying and selling products/services online • Manage your supply chain • Manage your inventory online • Transfer funds online • Managing and networking data • Internet marketing
And this list gets longer by the day..!
So what about money?
To look into all monetary transactions that take place within your online business there are special payment gateways that are solely dedicated for this purpose. Zillions of people sell and buy through these gateways and therefore you don’t have to worry about loosing your money or being deceived. They are safe, secure and trustworthy. Once again just like the banks that operate in your cities their routines are of very similar nature and at times a little more stringent.
are only few of the Famous online payment gateways. Each gateway has varied transactions rates and prices; ultimately it is your decision to integrate the suitable online payment gate to your website.
You can start an account at one of the payment gateway and watch them do all the transactions for you. All cash flows will be recorded and saved in your account and you will be able to retrieve them as and when you wish.