eCommerce is the buying and selling of goods and services, and transfer of funds, over the internet.
eCommerce, short for electronic commerce, is the process of conducting commercial transactions electronically, primarily via the internet. The essence of eCommerce matches traditional commerce with the only difference being the platform: instead of physical brick-and-mortar stores, business happens online.
Transactions in eCommerce include everything from ordering a book on Amazon to booking a hotel room on sites like Booking.com. eCommerce activities include online shopping, electronic payments, online auctions, internet banking, and online ticketing.
Amazon, one of the most popular examples, has revolutionized the eCommerce industry. It offers millions of products at competitive prices, quick and often free delivery options, user reviews of products and sellers, and a sophisticated recommendation system.