Quick Answer: What Is Another Name For Online Transaction?

What is the other name of online transaction?

Online transaction is a payment method in which the transfer of fund or money happens online over electronic fund transfer.

It is also known as a PIN-debit transaction..

What is a online transaction?

Online transaction is a payment method in which the transfer of fund or money happens online over electronic fund transfer. Online transaction process (OLTP) is secure and password protected. Three steps involved in the online transaction are Registration, Placing an order, and, Payment.

How do you create an online transaction?

Internet banking allows you to transfer funds, check your account statement or open new accounts online. Internet banking is usually used to make online fund transfers via NEFT, RTGS or IMPS. An alternate to internet banking, mobile banking allows you to complete all those tasks with an app on your smartphone.

How can I use online payment?

How to Use a Debit Card Online?Once you are at the payment checkout, you need to choose “Pay Using Debit/ Credit Card. … Then, type the 16-digit Debit Card number which is on the front side of your Debit Card. … Once you’ve entered the Debit Card details, you may be asked for a CCD, CVV, or similar security code.More items…

How does an online transaction work?

Basically, when the customer places an order on the merchant’s website, the payment gateway securely gathers and stores the transaction data, which is processed and forwarded to the financial institution and to the credit card networks, which, in turn, transfer the encrypted information to the customer’s card issuing …

What is another word for process?

Synonyms forcase.course.development.means.practice.proceeding.system.technique.

What are 3 synonyms for the Internet?

Synonyms of ‘the internet’the net (informal)the web (informal)cyberspace.blogosphere.the interweb (facetious)extranet.podosphere.

What is the synonym of transaction?

Synonyms foraffair.business.deal.enterprise.negotiation.purchase.sale.selling.

What is definition of transaction?

A transaction is a completed agreement between a buyer and a seller to exchange goods, services, or financial assets. … The cash accounting method records a transaction only when the money is received or the expenses are paid.

Why is it called online?

A straightforward compound of the prefix ”on-” and the noun ”line”, ”online” meant exactly what it suggests: on the route of a railway line as opposed to off it.

What is another word for shopping?

What is another word for shopping?acquisitionsbrowsingshopspendingbargain huntingclothes shoppingelectronic commercegrocery shoppingsupermarket runweekly shop3 more rows

What is a synonym for online?

Synonyms. machine-accessible connected on-line.

What is online transaction give example?

Online transactions are familiar to most people. Examples include: ATM machine transactions such as deposits, withdrawals, inquiries, and transfers. Supermarket payments with debit or credit cards.

What is purpose of online transaction?

Online transactions helps us to save many things like paper which is used for making notes, time which is spend in transaction and counting. Online transaction is very easy and it can be done from any where using devices like smartphones, laptops etc which is easily available to all of us.

What does it mean to make a transaction?

A transaction is any kind of action involved in conducting business, or an interaction between people. When you go to the bank, fill out a form, and deposit your paycheck, you make a transaction. There are transactions involving money, ideas, and even e-mail. …