E-commerce glossary definitions (1 to 10)

E-commerce:

Business conducted through the use of computers, telephones, fax machines, barcode readers, credit cards, automated teller machines (ATM) or other electronic appliances (whether or not using the internet) without the exchange of paper-based documents. When a buyer pays with a bank card swiped through a magnetic-stripe-reader, he or she is participating in e-commerce

E-tailing (Electronic Retailing):

Electronic commerce used specifically for retail purchases, including grocery and supermarket items.

E-Marketplace:

It’s a virtual online environment (a website) that allows individuals or firms to conduct business electronically.

Brick & Mortar:

Physical stores present in market are known as Brick & Mortar just opposite of E-store.

Click & Mortar:

Combination of traditional (brick and mortar) and online establishments, such as a store or a bank and a website. Transactions can be initiated and finalized either at the website (‘clicks’) or at the physical site (‘mortar’).

M-commerce (Mobile Commerce):

E-Commerce transactions over mobile communication devices such as cell phones or personal digital assistants (PDA).

Shopping Cart:

Graphic representation of a supermarket shopping cart on a vendor’s website which serves to keep the list of items a user (buyer) has ‘picked up’ from the online store. When the buyer is ready to ‘check out,’ he or she may go through the list to make a final purchase decision before clicking the ‘buy’ button.

Social Commerce:

A form of electronic commerce which uses social networks to assist in the selling of products. This type of commerce utilizes user ratings, referrals, online communities and social advertising and Social media platforms like Facebook, Twitter to facilitate online shopping.

Checkout:

A point at which goods are paid for in an E-store means you have done with your shopping so logging off. Shopping cart represents your final product list you are going to buy out and once you click on Checkout is takes you directly to payment procedures.

Digital Wallet (E-Wallet):

Software that resides on a buyer’s computer and holds digital cash, and a digital certificate with a digital signature, as well as billing, shipping, and payment information for online transactions.