Transaction

A transaction is an agreement between a buyer and a seller where the buyer purchases a product from either a brick and mortar business or online. Transactions involve a seller exchanging a product or service for money from a consumer. Today, eCommerce sellers manage and complete billions of sales in online marketplaces such as Amazon and eBay.

eCommerce transactions are completed via online marketplaces and money is exchanged through credit card or services like PayPal or Stripe. To increase the chance of a successful transaction taking place, sellers may offer promotions, improve ratings, or look for marketplace specific options like the Amazon Buy Box.

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