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What is E-commerce anyway?

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These days, whether they’re aware of it or not, just about everyone is affected by E-commerce.  Whether you own a small business or just enjoy the convenience of shopping online, you’re sure to recognize the vast importance of this industry.

The term E-commerce is simply defined as the exchange of products or services over some type of electronic system (such as the internet).  We all know what it is, but simply might not refer to it by its proper name.  Also, it does not only refer to retail shopping.  Online banking, stock trading, travel booking, and real estate are all housed under the umbrella of E-commerce.

This industry continues to boom, despite today’s difficult economic climate.  It is even estimated that sales will reach an incredible $300 Billion in the United States alone by the year 2015.  When these type of online transactions were first introduced, there were serious concerns about the security of users’ confidential information.  Various measures have been taken over the years to ensure that this is rarely ever a problem anymore.

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