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IP transit is what Internet providers sell. In the most simple terms, it is a connection to the Internet. It is different from transport or from peering. IP transit is a service which provides connectivity to the Internet. A network which sells IP transit is called an "upstream" network.What is Internet transit?
Internet transit is the service of allowing network traffic to cross or "transit" a computer network, usually used to connect a smaller Internet service provider (ISP) to the larger Internet. Technically, it consists of two bundled services:What is a transit provider?
Definition: An Internet Service Provider (ISP), also called a “Transit Provider,” is an entity that provides (usually sells) access to the Internet. The primary business of an Internet Service Provider is to market, sell, and operate the Internet Transit service described next.