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A lot of people use the word”online shopping” to reference any sort of internet transaction involving a sale online, however it is more commonly used to refer to sales on auction sites such as eBay or internet shopping portals. “Web store”, on the other hand, redirects here. An internet store evokes the actual physical example of purchasing products or services at a retail”store” or shopping centre; the action of shopping here is called consumer-to-customer (C2C). In online shopping sites, online purchases are made between consumers and companies or between users and service suppliers (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 consumers and the companies have entered into a contractual relationship called a transactional arrangement or agreement. Basically, when a consumer chooses to obtain a service or product from the seller, the business owner must provide the purchased item to the customer by a certain date or within a predetermined time period. If the business can’t deliver the product on the agreed date, or when the consumer insists on obtaining the item, the online shopping site provides a mechanism for your refund or exchange.
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Real-time internet shopping technology makes use of sophisticated electronic systems which enable the secure transmission of information 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 better control over their internet shopping experience, as they can make changes or cancel transactions whenever they wish to do so.