The ABC's of e-Commerce
by R. Wilson

Complete e-Commerce Guide
by N. King

Our company went to MyWebTeam on a recommendation from a friend. They were great. One of the things that’s worrisome when you get a website made is how much input you should give as a client. I’m a person that likes things my way. I thought I might say too much and possibly irritate the team.

Francois Dubau
American Memoirs

If you are confused about electronic commerce, you're not alone - even the experts struggle with its exact meaning. In its simplest terms electronic commerce is the process of two or more parties making business transactions via computer and some type of network - e.g. a direct connection or the Internet.

Let’s break it down to it’s simplest elopements. The four components of Internet e-Commerce are:

1. 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

2. Secure Hosting: The physical location where the Website files and database reside on a computer connected to the Internet

3. Merchant Bank Account: A service offered by a bank institution to allow merchants the ability to accept payments from a credit card

4. 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.

Our turn-key e-Commerce solutions are cost-effective and easy to use. Simple Web browser-based administration tools provide businesses with an interface for controlling their entire online business. Our shopping cart solution comes complete with technical support and a standard suite of tools necessary to rapidly implement and maintain a commercial presence on the Internet.

For more information about eCommerce, read the following articles:

The ABC's of e-Commerce
by R. Wilson

Complete e-Commerce Guide
by N. King