Week 7 checkpoint-Analysis of Electronic payment Systems

Week 7 checkpoint-Analysis of Electronic payment Systems -...

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There are basically four categories of e-commerce. Business to Business (B2B) is companies doing business with each other. Good examples of B2B are distributors and wholesalers selling to retailers; the price is based on quantity and is negotiable. Business to consumer (B2C) is Businesses selling to the public through catalogs and shopping cart programs. B2C doesn’t have quite as high of a dollar value as B2B, but B2C is what an average company has in mind when they are thinking about e-commerce. Consumer to Business (C2B) is when a consumer has a project and budget in mind and they post their project and get bids from numerous businesses. This is nice for the consumer as they get to review the bids and pick who they want to do project. The final category of e-commerce is Consumer to Consumer (C2C) which are site that are like classifieds, auctions, and forums where consumers can buy and sell due to online payment systems like PayPal, this makes it easy for consumers to receive money on transactions.
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