E-Commerce refers to the act of buying and selling of products and services by businesses and consumers on the Internet. The improvement of its security issues has attracted more and more consumers online.

This process starts when a consumer moves through the Internet to the merchant's web site. He will decide what he wants to purchase. Once he has chosen a product or service, he will move to the online transaction server, where all the information he gives is encrypted. When he has placed his order, the information he entered will move through a private gateway to a processing network in which the issuing and acquiring banks complete or deny the transaction. This process generally takes place in as fast as 5-7 seconds. Many different payment systems are available to accommodate the varied processing needs of merchants. With the addition of Secure Socket Layer technology, e-commerce is also a very secured way in processing and completing transactions.

There are many different payment systems available to accommodate the varied processing needs of merchants from those who have a few orders a day to those who process thousands of transactions daily. With the addition of Secure Socket Layer technology, e-commerce is also a very safe way to complete transactions.

Online Store

A product catalog in which online customers select their orders, a shopping cart in which  product selections are collected (transaction security or the credit authorization and other payment schemes), and order processing make up an online store. All of these elements offer a real shopping experience.

Catalog

To online customers, an online catalog is the most important element of e-commerce. It is similar to the printed mail-order catalog that has product information, pictures, and their respective prices. The only difference is that an online catalog can offer a fully interactive shopping experience with a video and/or sound.

Order Processing

In an online shopping, catalog selections are usually placed in a "shopping cart." These selections are, then, stored in a database, so that customers can review their selection easily.

Customer Information

Managing customer information is an important part of e-commerce operation. There are some e-commerce businesses that can really maintain a great deal of customer data like the areas of a web site visited by customers. These are usually made available in the form of analytical reports. An effective e-commerce package uses the customer's information to customize the page contents to their needs.

Security and Payment

All information bits on the Internet face security issues. It is, therefore, important to establish a sense of security. Customers need to choose a mode of payment from either using credit cards or electronic cash (e-cash), or through purchase orders and they should make sure that the software can verify their ability to pay. In an effort to protect security, majority of e-payment solution providers require your company to establish a special bank account to handle the online transactions.

For more information on how we can implement e-commerce solutions for your business, please contact us at quote@sleeklogos.com.