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Many people use the term”online shopping” to refer to any type of internet transaction between a sale online, however it is more commonly utilized to refer to earnings on auction sites such as eBay or internet shopping portals. “Web store”, on the flip side, redirects here. An online store evokes the actual physical example of shopping products or services in a retail”store” or shopping centre; the act of purchasing here is known as consumer-to-customer (C2C). In online shopping websites, online purchases are made between customers and companies between users and service providers (like 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 companies have entered into a contractual relationship known as a transactional arrangement or deal. In simple terms, when a consumer chooses to obtain a service or product from the vendor, the business owner must deliver the purchased item to the consumer by a particular date or within a predetermined period of time. If the business cannot deliver the product on the agreed date, or if the customer insists on getting the item, the online shopping site provides a mechanism for the refund or exchange.
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Real-time online shopping technology uses sophisticated electronic systems that enable the secure transmission of data along with the transfer of payments in real time. This technology makes e-commerce more suitable for customers, thereby increasing customer satisfaction and driving up sales. Consumers love greater control over their internet shopping experience, as they can make changes or cancel transactions whenever they want to do so.