electronic commerce (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. It includes activities such as procurement, order entry, transaction processing, payment, authentication and non-repudiation, inventory control, order fulfillment, and customer support. When a buyer pays with a bank card swiped through a magnetic-stripe-reader, he or she is participating in e-commerce.

Use this term in a sentence

  • The time traveler from 1970 was astounded to see that in 2015, society had moved almost entirely to electronic commerce, leaving the paper trail of his era as extinct as the dinosaurs.

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  • You should strive to be great at electronic commerce so that you are selling to many people through the internet.

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  • I was a fan of electronic commerce and decided to buy all of my items via the internet, instead of the store.

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Notable Quotes

  • One Retrospective Look on E-Business
    "I think a lot of people initially thought that the 'e' in e-business was more important than the business."
    - Michael Dell
  • Investing in Internet Businesses
    "One filter we like to use is, 'Is this a business that could have existed before the Internet existed?' If so, it's probably not worth it. (Stated by Steve Jurvetson of VC firm Draper Fisher Jurvetson)"
    - Steve Jurvetson

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