E Banking
Online
banking is an electronic payment system that enables customers of a financial
institution to conduct financial transactions on a website operated by the
institution, such as a retail bank, virtual bank, credit union or building
society. Online banking is also referred as Internet banking, e-banking,
virtual banking and by other terms.
What
is meant by online transaction?
Online
transaction processing, or OLTP, is a class of information systems that
facilitate and manage transaction-oriented applications, typically for data
entry and retrieval transaction processing.
What
is meant by E-shopping?
Online
shopping or e-shopping is a form of electronic commerce which allows consumers
to directly buy goods or services from a seller over the Internet using a web
browser.
What are online auctions?
Online
auctions are places that people can go in order to buy or sell goods or
services online for a small fee. Anyone can sell an item and anyone can bid on
an item.
Advantages:
1)
Merchandise has exposure to the traffic of the online auction site.
2) If an
item is popular, bidders can push the price up beyond its starting price.
3) You can
add multiple photos with different views.
4) You can add
detailed decriptions and shipping information.
5) Some
sites offer promotions with no listing fees or other specials for a
limited
time.
Disadvantages:
1) The item
may not sell, you'll have to re-list it, and pay an additional fee.
2) A buyer
may bid and not pay, resulting in a lost sale and a re-listing fee.
3) It is
time-consuming to add a category, descriptions, price, shipping
method, and
photos to a listing.
4) It is
time-consuming to promote listings to drive traffic to auctions.
5) People
may try to convince you to close a listing and sell to them off the site.
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