What is an Electronic Business?

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Electronic Business or E-Business is the manner of business on the Internet, which not only focused on the selling and buying process but also providing services to clients and working partnership with other businesses . Its terms originated from “e-mail” and “e-commerce. IBM is one of the pioneer users of electronic business way back October 1997, which gave way to major companies in the world to use electronic business in promoting and launching their products and services. With the latest securities installed in current Internet browsers and digital certificates, the concern of secured business transactions via Internet has decreased, which causes electronic business manner to speed up.

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Internet Merchant Account opened through banks that are members of Visa, MasterCard, or other credit card network which allows merchants to accept credit cards from purchasers. The funds are transferred electronically to the account.

Payment Gateway/Credit Card Processor companies help other Processors conduct secure business on internet using Secure Socket Layer (SSL) technology by providing a system that passes data (credit card, authorization requests and responses) encrypted over Internet.

E-Commerce website (mostly with shopping cart software) A shopping cart/basket is an ecommerce application where users select items while browsing catalogues. When finished, they check-out where payment and purchases details are done.

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Shopping Cart Software - A visitor to your website uses the shopping cart software to add items to his/her cart and then goes to the 'checkout'. They submit their credit card details on a secure page.

Payment Gateway - Your payment gateway / credit card processing company then works in the background, performs all the necessary checks and if successful, withdraws funds from the customer's credit card account and gives them to you.

Internet Merchant Account - The funds are deposited into your Internet Merchant Account (IMA). The funds are usually then transferred out into your regular business account.

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Electronic business has got to do everything that is related with the online business , the business that you do online . just like the offline business it has numerous levels and modules that you need to take care of . there is same hard work required here also as in any other offline business , basically there is no real training as such in any institution tha will provide you profileration in online business , so need to take up the whole courage yourself .