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Many people use the term”online shopping” to refer to any type of internet transaction involving a sale online, but it is more commonly used to refer to sales on auction websites such as eBay or internet shopping portals. “Web store”, on the other hand, redirects here. An online store evokes the genuine physical illustration of purchasing items or services in a retail”shop” or shopping center; the action of purchasing here is called consumer-to-customer (C2C). In online shopping websites, online purchases are made between consumers and businesses between users and support suppliers (like hotels, taxi services, etc..)
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Most online shopping transactions involve consumers interacting with businesses through their computers. At this phase, both the customers and the businesses have entered into a contractual relationship known as a transactional arrangement or deal. In simple terms, when a consumer chooses to purchase a service or product from the vendor, the company owner has to provide the purchased item to the consumer by a particular date or within a specified time period. If the business can’t deliver the product on the agreed date, or if the customer insists on getting the product, the online shopping site provides a mechanism for the refund or exchange.
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Real-time online shopping technology makes use of sophisticated electronic systems that allow the secure transmission of information along with the transfer of payments in real-time. This technology makes e-commerce more convenient for customers, thereby increasing customer satisfaction and driving sales. Consumers enjoy greater control over their internet shopping experience, since they can make changes or cancel transactions anytime they wish to do so.