The three major types of electronic commerce are business-to-consumer, business-to-business, and consumer-to-consumer. Business-to-consumer (B2C) is selling products and services to individual shoppers. Barnes&Noble.com is an example of business-to-consumer electronic commerce. Business-to-business (B2B) involves the sale of goods and services among businesses. Millpro.com provides business-to-business electronic commerce. Consumer-to-consumer (C2C) involves consumers selling directly to consumers. An example of consumer-to-consumer electronic commerce is eBay.com. Electronic commerce transactions can also be classified based on the participants’ physical connections to the Web. Participants can use wired networks or mobile commerce. ( HYPERLINK "http://www.angelfire.com/rebellion2/jsmith/case_4.html" http://www.angelfire.com/rebellion2/jsmith/case_4.html) Some types of electronic payment systems are Digital Wallets, Micropayment Systems, Accumulated Balance Digital Payment Systems, Stored Value Payment Systems, Digital Checking Systems, and Electronic Billing Presentment and Payment Systems. Digital Wallets make payment by credit card easier and faster by storing the card holder's information securely. When each transaction is made, the card holder does not have to enter their information over and over again. An example is google checkout. Micropayment Systems have been made for purchases under 10 dollars, and Accumulated Balance Digital Payment Systems are used to pay for the purchase. It adds up the entire balance of these purchases made that must be paid off by using a debit card, or other form of credit card periodically. An example of such is Clickshare.
Stored Value Payment Systems are basically like a stored credit that shoppers use to pay for purchases. It is often connected with their checking account, or other bank account.