ECOMMERCETAX.COM

Ecommerce has changed the way the world does business. Short for electronic commerce, eCommerce is defined as "the buying and selling of products or services over the Internet or other electronic systems." This type of trade has grown by leaps and bounds in the past ten years. In 2008, eCommerce accounted for over 140 billion dollars in retail sales. Modern eCommerce typically uses the World Wide Web and also encompasses email, electronic funds transfers, Internet marketing, online merchant accounts, eCommerce accounting software and techniques and electronic data interchange. Most eCommerce involved the sale of physical items through online retailers. However, it can also be used to describe commerce for exclusive virtual items such as access to premium content on a website.