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Many people use the word”online shopping” to reference any sort of internet transaction between a sale on the internet, however it is more commonly used to refer to earnings on auction sites like eBay or online shopping portals. “Internet store”, on the flip side, redirects here. An online store evokes the actual physical example of purchasing items or services in a retail”store” or shopping centre; the action of purchasing here is known as consumer-to-customer (C2C). In online shopping websites, online purchases are made between consumers and businesses or between users and support providers (such as resorts, cab services, etc..)
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Most online shopping transactions involve consumers interacting with companies through their computers. At this phase, both the consumers and the businesses have entered into a contractual relationship called a transactional arrangement or agreement. Basically, when a consumer chooses to purchase a product or service from the vendor, the company owner has to provide the purchased item to the customer by a particular date or within a predetermined period of time. If the company can’t deliver the product on the agreed date, or when the customer insists on obtaining the product, the online shopping website provides a mechanism for your refund or exchange.
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Real-time online shopping technology uses sophisticated electronic systems that enable the secure transmission of information and the transfer of obligations in real-time. This technology makes e-commerce more suitable for customers, thereby increasing customer satisfaction and driving sales. Consumers love greater control over their online shopping experience, as they can make changes or cancel transactions anytime they want to do so.