Online Transactions: Benefits, Process, and Applications
Discover the process of online transactions, including registration, ordering, and payment. Explore the benefits such as low labor costs and fast transaction speed. Learn about popular applications like PhonePe, Paytm, and Google Pay.
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Presentation Transcript
Report On Online Transactions Name: Het Rohit Darji Standard: 9th
How an Online Transaction is made? Online transaction is a payment method in which the transfer of fund or money happens online over electronic fund transfer. Online transaction process (OLTP) is secure and password protected. Three steps involved in the online transaction are Registration, Placing an order, and, Payment.
Benefits of online payments 1) Low labourcosts. Since online payments are usually automatic, they have lower labourcoststhan manual payment methods, such as cheque,moneyorder, cash and EFTPOS. 2) Convenience for online sales. 3) The Transaction is made Automatically 4) Fast transactionspeed. 5) Low risk of theft.
Here are some Applications used for Here are some Applications used for O Online Transactions nline Transactions PhonePe Paytm Google pay Jio Money Airtel Money Amazon Pay
