Terminology of E-Commerce

Important terminologies:

Payment Gateway: A service that processes online transactions securely.

Shopping Cart: A feature on e-commerce sites where customers save items they intend to buy.

Digital Wallet: An electronic method of storing payment details.

E-Commerce: Method of buying, selling and exchanging goods through electronic media.

M-Commerce: Mobile Commerce is a method of buying, selling and exchanging goods through handheld device like smartphone and tablets.