Which term refers to a merchant that sells goods or services electronically?

The term that refers to a merchant that sells goods or services electronically is accurately identified as Electronic Commerce Merchant. This designation emphasizes the nature of the business activities, as it specifically points to merchants who engage in e-commerce, which encompasses online transactions for selling products or services.

E-commerce merchants utilize various digital platforms to facilitate sales, such as websites, mobile apps, and online marketplaces. This term captures the essence of businesses operating in the modern digital marketplace, making it essential in the context of the growing trend of online shopping and the evolution of retail.

Other terms provided focus on different aspects of electronic transactions. For instance, the Electronic Commerce Indicator typically relates to a designation or status that may be used in payment processing, but it does not directly define a merchant. Electronic Draft Capture refers to a method used to capture payment information electronically, relevant in payment processing but not indicative of the type of merchant itself. Lastly, Electronic Data Interchange involves the automated exchange of business documents in a standardized format and is more aligned with supply chain and business-to-business communications, rather than directly selling goods or services. Thus, the clarity and specificity of Electronic Commerce Merchant make it the correct choice in this context.