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Glossary

Amazon Marketplace

A well known and famous marketplace in the world of e-commerce where one can sell his products on a fixed price. Amazon charge fess on each sale that takes place through Marketplace. Also, they can handle the fulfillment process for your business and they charge extra fees for it.

The Complete Ecommerce Dictionary

Here's the complete alphabetical list of ecommerce terms and definitions that will help you familiarize with Ecommerce terms.

Amazon Marketplace

A well known and famous marketplace in the world of e-commerce where one can sell his products on a fixed price. Amazon charge fess on each sale that takes place through Marketplace. Also, they can handle the fulfillment process for your business and they charge extra fees for it.

Abandonment

When a visitor has visited your online store or webpage but left without completing the purchase journey.

Admin Panel

A dashboard provided by every online store and webpage where the admin can manage and customize the store entries.

Address Verification Service (AVS)

A process that facilitates every credit cards system in the implementation of verification that the provided billing address of credit card matches with the address on the credit card.

Average Time on Site

This is the average time on a visitor spends on the webpage. It is mostly seen in web analytics report which acts as a metric of content quality and user experience.

Application Programming Interface (API)

A set of instructions that allows two different softwares to exchange data with each other. It also enables developers to access other websites to perform specific operations on thieir own website.

Attribute Set

A list of certain individual product details that describe all of the product’s characteristics. Every product in has its own set of unique attributes. A large sized brown color with silver buckle is an attribute set of a bag on the ecommerce store.

Authorization

This is a transaction that confirms that the mode of payment is valid by determining that the cardholder has sufficient funds to perform the transaction. The payment authorization that completes successfully is a goal achieved by the business.

Affiliate

A type of program to encourage other website owners to refer traffic and sales to their stores, in return to earn a commission. A commission is set for each sale they provided which would be tracked through a designated link.

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