eCommerce, or electronic business, is the purchase and sale of goods and services over the internet, or any electronic medium. It equates to the transferring data and funds electronically between multiple parties. Basically, it refers to online shopping. It’s easy and convenient–shopping can happen in just a few clicks. 

Are you looking for ecommerce website design services in Malaysia? Make sure to hire dedicated professionals who can effectively help you in improving your brand presence. 

  1. B2B (Business-to-Business) – Online transactions of services and goods between businesses.
  2. B2C (Business-to-Consumer) – Online transactions of services and goods between consumers and companies.
  3. C2B (Consumer-to-Business) – Online transactions of services and goods where people offer services and products to businesses.
  4. C2C (Consumer-to-Consumer) – Online transactions of services and goods between customers, mostly through third party platforms. 
  5. B2A (Business-to-Administration) – Online transactions of services and goods between public administrations and companies. 
  6. C2A (Consumer-to-Administration) – Online transactions of services and goods between public administrations and individuals. 

The Importance of eCommerce

Advantages

  • Short service/product distribution chain
  • Lesser pricing and costs
  • Global market reach
  • A global choice for customers

Disadvantages 

  • Data privacy issues
  • Failure to test and check goods and services testing 
  • Dependence on electronic technologies
  • Online and Fraud insecurity