WordPress as e-commerce platform?

Being new to WordPress, I would like to gather some feedback as to how well suited is to e-commerce applications. I am primarily interested in small business websites that require payment gateway integration and shipping providers (UPS, USPS, FedEx).

At a very minimum, Paypal and Authorize.net must be supported. Quickbooks POS integration and synchronization would be an added plus.

Still doing preliminary research on WooCommerce, which is a plugin for enabling e-commerce functionality within WordPress. I will post my findings.

In the meantime, if you have suggestions, please feel free to comment.

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