Definition Print-on-Demand (POD) is a business model where products like T-shirts, mugs, books, and posters are printed only after a customer places an order. Instead of printing in bulk, items are made individually by a third-party supplier and shipped directly to...
Definition Dropshipping is an e-commerce business model where a store sells products without keeping them in stock. Instead, the seller sends customer orders and shipment details to a third-party supplier, who delivers the products directly to the customer. The store...
Definition A merchant account is a special type of bank account that allows businesses to accept and process electronic payments, especially credit and debit card transactions. When a customer makes a purchase, the funds first go to the merchant account before being...
Definition A payment gateway is a secure service that authorizes and processes online payments between a customer, their bank, and the merchant’s website. It works as the digital equivalent of a point-of-sale (POS) terminal, encrypting sensitive information like...
Definition A shopping cart is a feature found on e-commerce websites that allows users to collect and review items they intend to purchase. It works similarly to a physical shopping cart in a store, letting customers add, remove, or modify items before proceeding to...