E-commerce - the future of commerce

E-commerce, or Electric Commerce, is one of the most important aspects of the Internet. It allows people to exchange goods and services immediately and without limit of time or distance, 24 x 7 from anywhere in the world.

Imagine living in a small town in India and are shopping in America sitting at home on your favorite chair ---- it is possible through e-commerce.

Steps E-commerce

There are several steps you must take it as a successful merchant to create an e-commerce business.

Obtaining an Internet Merchant Bank Account

Web Hosting

Obtaining a digital certificate

Find a provider of online transactions

Creation or acquisition of a Shopping Cart Software

Internet Merchant Bank Account

Internet Merchant Accounts are bank accounts specifically designed for merchants are approved and can receive payment via credit cards. Credit card companies have strict rules and requirements that must be met before a trader can open an account. Company's merchant account to act as a middle man between the merchant and credit card providers that are certain requirements are met on both sides.

Internet merchant accounts do not hold funds for an extended period of time. Transfer of payments by another bank account chosen by Internet merchants are doing so on a daily or weekly. The main reason is the application of merchant accounts and audit processes, which provide reliability. The cards are processed through an Internet Merchant Account either manually through the terminal, credit card store, online, page through a web based terminal, or automatically through web merchant shopping cart.

Web Hosting

A web hosting service is an Internet hosting service that allows individuals and organizations to provide their own websites accessible via the Internet. Web host companies provide space on a server they own for use of their customers, as well as providing Internet connectivity. There are many providers that offer free and paid web hosting services. A customer needs to evaluate the requirements of the application to choose which type of hosting to use. The web site is placed on the Internet is your ambassador to the virtual world, so be very careful and professional in doing so.

Digital Certificate

A digital certificate is an electronic file that contains personal information of its owner, as the name and email address, as well as the public key of the owner. It acts as an identity card for each user, is proof of ownership of a public key. There are several companies, known as certification authorities (CAs) that issue digital certificates. The CA signs the certificates it creates, this allows users to know what CA created each certificate. The signature ensures that the certificate has not been altered by a third party.

Provider of online transactions

To process orders online, you must submit payment options online. There are many online payment options, but the credit card is the most popular. Other methods of payment are the collection of elements of charge on your phone bill, using electronic fund transfers (EFT), and pay by electronic check. These methods require the processing of payments is in the form of software added to your Web site or through connection with a payment processing service. To accept credit cards, you must set up a merchant account, your merchant account provider (MAP) can be a bank or other institution that processes online credit card transactions. Most maps are local, if you want to provide the product globally, you may need to search specifically for an international supplier.

Shopping Cart Software

Choose the best solutions for your shopping cart e-commerce venture is vital to the success of your online business. Cart is basically a series of scripts that keep track of items a visitor chooses to buy from your site until they proceed to the final cash. The payment gateway service then pushes the parameters and their networks of financial transfers, including the Internet merchant account with your bank. Then check back to see shopping cart software. If the customer is then tested the sale is completed.

For traders successful E-commerce company can triple their profits and give them global recognition. It would definitely provide the edge needed in today's cut throat world of competition .......