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How e-Commerce
Works
The four components of Internet
e-Commerce are:
- Shopping Cart: Online program consisting
of a products database that displays information
based upon the user's requests. Automatically keeps
track of what is selected and itemizes all costs
at the end of a purchase
- Secure Hosting: The physical location where
the Website files and database reside on a computer
connected to the Internet
- Merchant Bank Account: A service offered by a
bank institution to allow merchants the ability
to accept payments from a credit card
- Payment-Processing Software: This is the
link to the bank. There are three methods to accept
credit cards:
a. Manual entry/card swipe on a small machine
b. Software that dials into the bank after
credit card information is entered into a computer
c. Automated real-time transactions using
a software protocol on the Internet to check the
credit availability of a potential customer, and
approve or decline the customer
All three payment-processing methods debit the
funds from the user's credit card account and
transfer them to the merchant's bank account when
approved.
My Webteam offers
all four of these Internet e-Commerce components custom-tailored
to your unique business needs.
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Articles
The
ABC's of e-Commerce
by R. Wilson
Complete
e-Commerce Guide
by Nelson King
e-Commerce
101: What it is, where it's going
by L. Rush
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