-
What are some advantages of making online transactions?
What are some advantages of making online transactions?
-
3 Replies
-
ONLINE TRANSACTION
An online transaction is a payment technique in which funds or money are sent online via electronic fund transfer. The online transaction procedure (OLTP) is safe and secure. Registration, placing an order, and payment are the three phases of an online transaction.
ADVANTAGES
1)For online consumers, this is the best and easiest solution.<div>
2)These systems are extremely efficient and have quick response times.
3)Very simple to use; simply fill out a form and the web and database servers will do the rest.
4)Online banking relies entirely on online transaction processing technologies.
5)These systems also handle credit cards well.
<div>
</div></div>
-
The Technology has become the greatest bliss for everyone. It has comforted everyone to the maximum. It made things to work in a simpler way. Machine made things replaced the man made things and now the machine made things are being replaced by the technology.
For example, money transferring has become so easy and it has demolished the panic in the people to lose the money. Money transferring has comforted the mankind in several ways. It has reduced the carrying the huge amounts of money and the money is transferred from the person to person within seconds even if it is a bigger amount. This is the one example to show that the technology is a bliss.
There are many advantages of online transactions like,
•Making the work easier.
•Avoid carrying great amounts with us.
•Saving time by the easy online transactions.
•Getting good rewards sometimes.
•online transactions are the simpler ways while going to something important. And also can improve the business.
-
Online transactions are the most easiest and the safest way through which we can debit or credit our money without any hesitation. Henceforth, the net banking systems of specific banks, phone pay, google pay, paytm and other upi transactions are the very easiest way anyone can prefer.
Henceforth, we gain many advantages with online transactions:
1) Online transactions can be done by sitting at home or any corner of the world.
2) You need not to find your banks and it’s branches at any place.
3) The transactions ensures safety with 100% guarantee.
4) The transactions shows the name at first, to clarify the transaction to be done.
5) You need not to wait for the time to go and deposit the money in others account.
6) The work of hours has been converted into few minutes.
These benefits should be taken advantage by everyone. So that one can be advanced with technology and save ones time.
