E-commerce introduction

EC is short for Electronic Commerce (EC). Both buyers and sellers could do transactions on the World Wide Web.

E-commerce is mainly operated on internet websites, but it could also involve some other tools, such as email, fax etc.

E-commerce made the transaction simply; you can easily click goods or service providers’ websites to search your products and view product details including price and pictures and statement.

Virtual products or services can be arrived immediately when the transaction is settled. For example, some catering industry offers services online through password, which the customers to present to the restaurant operators when enjoying the service.

Payments can be made through swiping credit cards, electronic currency on secure gateways and encrypted channels. E-commerce prefers the third party payment tools to ensure buyers and sellers’ interest and rights.

Now more and more foreign trade businesses have been done through B2B platforms.

B2B platforms do not sell products in retail, but sell products in wholesale or in batches.

B2B platforms could post buyers and sellers’ company information and product information including statement, pictures, description, etc.

Both sides could communicate with each other on the B2B portal or through emails to seal a deal in the end.

Now B2B platforms have offered more value added services to foreign trade participants, such as customs clearance, logistics, and payment etc.

IBUonline is an innovative B2B portal which could help you to do foreign trade business conveniently.