What
is E-commerce? E-commerce is selling or buying goods and services
through mediums such as the Internet or computer networks. Of late,
however, the meaning of the term has broadened. It now includes concepts
such as transfer of electronic funds and processing of online
transactions. It now involves processes such as development of and
marketing of products or services.
The
interesting point about this kind of commerce is that it is conducted
only through electronic mediums. However, it also includes the
transportation of goods physically from one location to another
depending on the kinds of goods purchased online. This is the reason why
online retailers are called e-tailers and online retail is called
e-tail.
Let
me explain how the process works. The buyer goes online. He or she
chooses a product from a list of products on display on an e-commerce
website such as Amazon.com. After making the selection the buyer is
asked to make the payment. This could be either through a credit card,
debit card or online transfer of funds from the buyer’s bank account to
the seller’s bank account. Once the payment is set up the website asks
for details such as the buyer’s credit card/debit card number, date of
validity and CVV number on the credit or debit card. The buyer inserts
these details in the spaces provided on the website and the payment is
made. Once the payment is made, the buyer receives a message that the
payment has been made and the buyer will receive the good or goods he
has purchased within a time period mentioned on the website.
We
have read that there is physical transportation of goods from one place
to another. Goods move from a warehouse or fulfilment house to the
buyer. This is where Flostream, a fulfilment services company based in
Slough, Berkshire, England comes in. The company provides e-commerce and
e-fulfillment services at low rates to e-commerce companies throughout
the UK.
Some
of the services provided include Warehousing, Storage, Processing, Pick
and Pack and despatch. The company has a 25,000 square foot storage
center in Heathrow, where the goods to be sent from the e-commerce
company to the buyer is kept. The warehouse is equipped with the latest
security systems to make sure the goods of the e-commerce company are
safe.
Article Source: http://www.compensationsecrets.co.uk/