~Explain the Transaction risks involved in online buying.
Dear Student,
The following are some of the transaction risks involved in online buying.
Risks related to transactions : These risks can be further bifurcated in three types as follows.
Customer denies making the order and denies payment
The goods are not delivered or delivered at the wrong address
Seller does not receives the payment while the customer claims to have made the payment
Such risks can be avoided by providing complete and true information by both the parties (customer and seller) before making the transaction.
The following are some of the transaction risks involved in online buying.
Risks related to transactions : These risks can be further bifurcated in three types as follows.
Customer denies making the order and denies payment
The goods are not delivered or delivered at the wrong address
Seller does not receives the payment while the customer claims to have made the payment
Such risks can be avoided by providing complete and true information by both the parties (customer and seller) before making the transaction.