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Many men and women use the term”online shopping” to refer to any type of online transaction involving a sale on the internet, however it is more commonly utilized to refer to sales 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”shop” or shopping centre; the act of shopping here is called consumer-to-customer (C2C). In online shopping sites, online purchases are made between consumers and businesses or between users and service providers (like hotels, cab 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 called a transactional arrangement or agreement. In simple terms, when a consumer chooses to purchase a product or service from the vendor, the company owner must provide the purchased item to the customer by a particular date or within a predetermined period of time. If the business cannot deliver the product on the agreed date, or when the consumer insists on obtaining the item, the online shopping website provides a mechanism for the exchange or refund.
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Real-time internet shopping technology makes use of 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 up sales. Consumers enjoy greater control over their online shopping experience, as they can make changes or cancel transactions whenever they wish to do so.