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The online auction business model is one in which participants bid for products and services over the Internet. The functionality of buying and selling in an auction format is made possible through auction software which regulates the various processes involved.

advantages

sometimes draw criminals wishing to sell stolen products

example

of a Consumer-to-Consumer application is Ebay

The most famous and successful

No one wins when there is a return. Efficient return processing can help minimize the impact

Considerations in return processing include:

Returned products, after inspection can be:

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“To sell goods or services on the web.”

transfer of data between two companies through dedicated or dial up connections

E Commerce is one of the most important facets of the Internet to have emerged in the recent times. Ecommerce or electronic commerce involves carrying out business over the Internet with the assistance of computers, which are linked to each other forming a network. To be specific ecommerce would be buying and selling of goods and services and transfer of funds through digital communications. The benefits of Ecommerce:

eBusiness is much more than eCommerce – buying and selling on-line. Companies are increasingly using Information and Communication Technologies (ICTs) to link together their business processes and systems:

eBusiness therefore allows new forms of partnership, and improves both the way companies work and the products and services they offer.

National legal systems across Europe therefore have to take these opportunities into account, with a European approach required on issues as diverse as taxation, copyright, consumer protection and privacy - see Policies, below.