Elaborate the steps involved in online trading.

Explanation

The following steps are involved in on-line trading:


(i) Registration:Before online shopping one has to register with the online vendor by filling up a registration form. In this form one has to give a password to protect the account otherwise anyone can log in your account.


(ii) Placing an Order: In online transactions the order can be placed by picking and dropping the items in the shopping cart. Shopping cart is an online record of what you have picked up while browsing. After being sure of what you want to buy then check out from shopping cart and choose your payment option.


(iii) Payment through Mechanism :In an online purchase payment is made through


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