Elaborate upon the benefits and limitations of e-commerce. Also, describe the concept of electronic payments.

E-commerce, or electronic commerce, refers to the buying and selling of goods and services over the internet, often involving transactions between businesses and consumers (B2C), businesses and businesses (B2B), or consumers and consumers (C2C). It has transformed the way businesses operate, making it possible for companies to reach a global market. Despite its many benefits, e-commerce also has limitations that need to be considered.

Benefits of E-commerce:

One of the primary advantages of e-commerce is the convenience it offers. Customers can shop at any time of the day or night, without the constraints of store hours. This flexibility has contributed to the growth of e-commerce, as consumers can easily browse and purchase items from the comfort of _____ __________ _____ ________ ___ _____ __________.
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