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A lot of people use the word”online shopping” to refer to any type of online transaction involving a sale online, however it is more commonly utilized to refer to earnings on auction websites like eBay or internet shopping portals. “Internet store”, on the other hand, redirects here. An online store evokes the actual physical illustration of purchasing products or services at a retail”store” or shopping centre; the action of shopping here is known as consumer-to-customer (C2C). In online shopping sites, online purchases are made between consumers and businesses or between users and service providers (like hotels, taxi services, etc..)
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Most online shopping arrangements demand consumers interacting with businesses through their computers. At this phase, both the customers and the companies have entered into a contractual relationship called a transactional arrangement or agreement. In simple terms, when a consumer chooses to obtain a service or product from the seller, the business owner must provide the purchased item to the consumer by a particular date or within a predetermined time period. If the company can’t deliver the item on the agreed date, or when the customer insists on getting the product, the online shopping website provides a mechanism for the exchange or refund.
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Real-time online shopping technology uses sophisticated electronic systems that allow the secure transmission of data along with the transfer of payments in real-time. This technology makes e-commerce more convenient for consumers, thereby increasing customer satisfaction and driving sales. Consumers enjoy greater control over their online shopping experience, since they can make changes or cancel transactions anytime they wish to do so.