Online transactions are the payment method ,the transfer of money through online.It is secure and password protected. Online transactions include three steps. They are registration, placing an order,and payment. It facilitates and manages data entry, retrieval and transaction processing. We can do it with the help of the internet.It is the process of buying and selling through the internet. We can make the payment online.After that the products are delivered to the customer. We should register the website online to buy a product. Enter the personal details with the website.
When a customer likes a product, put the product in the shopping cart.It gives a record of all items selected by the buyer to be purchased.Then proceeds the payment option after selecting products. We can select the payment option.It is secured with very high level encryption, so that personal financial information enters stays completely secure.we can pay cash on delivery option .we can pay in cash,debit, credit cards. We can select the cheque option.we can send a cheque to the seller .we can transfer the payment from buyers account to sellers account electronically.we can select digit cash option.
Online transactions are a method of payment in which transfer of funds online over ele fund transfer, It allows to save many items ,time spent on transactions. It is a very simple method. In online transactions, registration is required. You should register with an online vendor.we can transfer bank to bank ,pay bills,transfer money between your accounts, etc.It is easier to manage. It is a secure and reliable method.It has low risk.
Online transactions have many disadvantages. Your money is not safe in the online world . Innocent peoples fall victim to online fraud.Never agree to carry out transactions on someone’s say so.never give details about your bank.Do not reveal username and password. You should have separate accounts for public dealings.Check the veracity of applications that you download..
If you are the victim of cyber fraud, and have lost money from your account, you should complain to the bank about the incident within three days. When hackers get access to the private details, they easily withdraw money from bank accounts. People who immediately share information regarding these types of fraud transactions can help avoid losing money. You should inform the bank immediately to get the benefit of insurance. After informing the bank, they will immediately inform the insurance company about the fraud. Within 10 working days,the loss is Compensated by the bank.
Otherwise you can contact the National consumer helpline under the central government. You will get an immediate solution. If you have any loss from online transactions, you can contact this number. We can contact them through their websites,toll free number, SMS, mobile number. They contact the digital service of the bank and we will get back money. If you have any refund issues, you can contact them.