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A lot of people use the term”online shopping” to refer to any type of internet transaction involving a sale on the internet, but it is more commonly utilized to refer to earnings on auction sites such as eBay or online shopping portals. “Internet store”, on the flip side, redirects here. An internet store evokes the actual physical illustration of shopping items or services in a retail”shop” or shopping center; the act of shopping here is called consumer-to-customer (C2C). In internet shopping sites, online purchases are made between consumers and companies or between users and service providers (such as hotels, 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 agreement. In simple terms, when a consumer chooses to purchase a service or product from the seller, the company owner has to provide the purchased item to the customer by a certain date or within a predetermined period of time. If the business can’t deliver the item on the agreed date, or if the customer insists on obtaining the product, the online shopping website provides a mechanism for the exchange or refund.
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Real-time online shopping technology makes use of sophisticated electronic systems which allow the secure transmission of data along with the transfer of payments in real-time. This technology makes e-commerce more suitable for consumers, thereby increasing customer satisfaction and driving up sales. Consumers enjoy better control over their online shopping experience, since they can make changes or cancel transactions whenever they want to do so.