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Synapse Financial Technologies - Three stages in online transactions

The advantages of online payment processing are numerous u2013 letu2019s go over the benefits enjoyed by businesses that accept online payments.

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Synapse Financial Technologies - Three stages in online transactions

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  1. Three stages in online transactions Pre- Purchase/ sale- Based on advertising Purchase / sale- Actual purchase / sale Delivery stage

  2. STEPS REGISTRATIONS 1. Fill registration form  “Account shopping cart” are password protected 

  3. 2. Placing & Order  Pick and Drops things in shopping cart  After making sure –choose payment option

  4. 3. PAYMENT  Cash on Delivery – Payment made after physical delivery.

  5.  Cheque – It is collected & after reliazation of cheque, goods are delivered.

  6.  Net Banking Transfer – Electronic facility of transfering fund.  Goods delivered after receipt of amount

  7.  Credit or Debit card- Plastic Money

  8.  Digital Cash Electronic currency thatexist only in cyberspace Real currency used in electronic formats

  9. TEST YOURSELF What are the various steps of online transaction? How do you placed an order? What is net banking transfer? What is COD? 1. 2. 3. 4.

  10. ACTIVITY -  Identify the mode of payment

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