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About Ecommerce: Ecommerce is used to explain how an online business engages in the selling of goods and/or services over the Internet. Over the years, ecommerce web has blossomed into a multi-billion dollar industry yearly, and only more growth is projected over the next 5 years. A defining characteristic is that all ecommerce web sites accept a type of online payment, whether through a third party or directly with a merchant account. This new wave of online business services has opened a world of other services such as ecommerce software developers and ecommerce hosting services. These businesses cater to online retail sites and internet businesses.