C2C Commerce
C2C Commerce consists of the transactions taking place between two or more customers. For example, you could sell used books or clothes for cash or in exchange for goods. People can search for potential buyers all over the world because of e-commerce. Quikr, OLX, are such platforms where customers sell their goods and services to other customers.
Furthermore, e-commerce technology provides market system security to such transactions, which would otherwise be missing if buyers and sellers interact in the anonymity of one-to-one transactions. An excellent example of this can be found on eBay, where consumers sell their goods and services to other consumers. Several technologies have emerged to improve the security and robustness of this activity. For beginners, eBay allows all sellers and buyers to rate one another.
The payment intermediary is another technology that has emerged to support C2C activities. PayPal is an excellent example of this type, rather than purchasing items directly from an unknown, untrustworthy seller; instead, the buyer can send the money to PayPal. The seller is then notified by PayPal that the funds will be held for them until the goods have been shipped and accepted by the buyer.
Types of E-commerce
E-commerce, also known as Electronic Commerce, refers to the purchase and sale of goods and services through the Internet. The first online transaction occurred in 1994 when a guy sold a Sting CD to a friend via his website Net Market, an American retail platform. This is the first case of a consumer purchasing a product from a business over the World Wide Web, sometimes known as e-commerce. After that, e-commerce evolved to make it easier to locate and purchase products through online merchants and marketplaces.
Table of Content
- Types of E-commerce
- 1. B2B Commerce
- 2. B2C Commerce
- 3. C2C Commerce
- 4. Intra B-Commerce