Ecommerce stands for electronic commerce. It is simply any type of business or commercial transaction, which involves the transfer of information through the Internet. It mainly revolves around buying and selling products online, both physical and digital.
Ecommerce varies in the types of participants between consumers and businesses:
Business to business, business to consumer and consumer to consumer. It allows businesses and consumers to access an online economy and market without having to deal with the traditional barriers of time and distance. This eliminates a main marketing problem for businesses and consumers. Examples include online shopping, electronic payments, online auctions, Internet banking and online ticketing.