Online exchange handling (OLTP) is data frameworks that encourage and oversee exchange situated applications, regularly for information passage and recovery exchange preparing. So online transaction is finished with the assistance of the web. It can't happen without a legitimate web connection.
Steps Involved in Online Transaction
- The customer needs to enroll online on a specific site to purchase a specific decent or administration.
- The client's email id, name, address, and different subtleties are spared and are sheltered with the site.
- For security reasons, the purchaser's 'Record' and his 'Shopping basket' is secret key ensured.
2] Placing an Order :
- At the point when a client enjoys an item or a help, he/she places the item in the 'shopping basket'.
- The shopping basket gves a record of the considerable number of things chose by the purchaser to be bought, the number of units or amount wanted to be purchased per thing chose and the cost for each thing.
- The purchaser at that point continues to the installment choice subsequent to choosing all the items.
3] Payment :
The purchaser at that point needs to choose the installment choice, he/she has different installment alternatives. These installment pages are made sure about with extremely elevated level encryptions so the individual budgetary data that you enter (bank/card subtleties) remain totally secure. A few manners by which you can make this installment are:
- Cash on Delivery : The Cash on Delivery choice lets the purchaser pay when he/she gets the item. Here, the installment is made at the doorstep. The client can pay in real money, or by charge or Visa.
- Cheque: In this kind of installment, the purchaser sends a check to the merchant and the dealer sends the item after the acknowledgment of the check.
- Net Banking Transfer: Here, the installment is moved from the purchaser's record to the vender's record electronically for example through the web. After the installment is gotten by the merchant, the dealer dispatches the products to the purchaser.
- Credit or Debit Card: The purchaser needs to send his platinum card or Visa subtleties to the merchant, and a specific sum will be deducted from his/her record.