ONLINE TRANSACTIONS

 Online transactions have made transactions very convenient and simplified the workflow in many forms in a business. Online transactions deals with transfer of money over the internet. Revolution in the electronic media has made transaction handling easy .

Many protocols and security measures have been adopted to ensure the safe and secure OLTP ( Online Transaction process ). We are already using online transactions when we deposit or withdraw money from an ATM machine, when we make our bill payments using our debit/ credit cards. NEFT/ RTGS are some other examples of online funds transfer. Numerous benefits of online transactions like, fast transaction speed, convenience, low risk of theft etc. has exponentially increased its use among people. Online shopping is a form of electronic commerce where customers can buy or sell goods over the Internet. Customers need to have an active internet connection for viewing goods or services offered by a seller; customers can pay online using a credit, debit card or by internet banking.

Online shopping could be useful in situations when:

• A customer does not have sufficient time to visit stores.

• Visiting a store is more expensive than purchasing a product online.

• A product or service that is not available in the local market is available online. Some of the popular online transaction websites are:

• IRCTC, an online portal for booking flight and train tickets.

• Flipkart, an online shopping portal for buying consumer products.

• eBay, an online portal for buying and selling goods.

• Redbus, an online portal for booking bus tickets.

To perform an online transaction, all you need is a web browser and an active internet connection. In some cases where purchasing is involved, you will need a valid credit card, debit card or online banking support referred to as Net Banking Subscription. Some websites even allow COD (Cash on delivery) where the users can pay once they receive the product or service.

Online Transaction Using Flipkart

In this section, you will learn to perform an online transaction using Flipkart. Flipkart is an online store where you can purchase a variety of electronic goods, books, accessories, digital cameras, mobile phones and peripherals such as printers, etc. Flipkart offers multiple payment methods like credit card, debit card, net banking, e-gift voucher, and Cash on Delivery.

To work with Flipkart, you need to use a web browser and an active internet connection.

• Open any Browser such as Firefox, Chrome or Internet Explorer

• Type www.flipkart.com in the address bar and Press Enter. A web page similar to the one below will be displayed.

To perform transactions using Flipkart, you need to sign up for a Flipkart account.

• Locate and click on the Sign Up link at the top of the web page, a window similar to the one below will be displayed for signing up with Flipkart.

• Email Address: You must provide your Email Address. The Email Address is also used for sending offer mails, promotional mails to you. The Email Address will be used as the login name for your Flipkart Account.

• Password: You must secure your Flipkart Account by giving a strong password. You need to enter the password twice.

• Click Sign Up Now!

Flipkart has a variety of products organized as categories.

You can either look for respective product in appropriate category or you can use the search feature to locate a particular item. For example, if you would like to buy a digital camera, you can Digital Camera in the search box and choose a model from the search results window. You can select a model of your choice by clicking on the product image. You can browse the catalog of products available in Flipkart; once you have decided to purchase a product, you can use purchase the product by using the option Buy this now. You can select one or more products before you proceed to payment. Products added to your shopping cart will be available for review prior to payments.

Flipkart allows a variety of methods for online payment. You can use credit card, debit card, Net Banking, Cash on Delivery or e-gift voucher to complete the payment; you need to enter appropriate details as required in the mentioned fields and Click Pay to initiate the payment. Depending on the method select, additional windows may be displayed and procedures will vary to complete the online transaction.

Online Transaction for Booking Rail Tickets

In this section you will learn how to perform online transactions for booking train tickets using 

IRCTC Indian Railway Catering and Tourism Corporation is an online portal that can be used for booking travel tickets. To work with IRCTC, you need to use a web browser and an active internet connection.

• Open any Browser such as Firefox, Chrome or Internet Explorer

• Type www.ir
ctc.co.in in the address bar and Press Enter. A web page similar to the one below will be displayed.

• To perform transactions using IRCTC, you need to sign up for an IRCTC account.

• Locate and Click Signup link at the top of the web page, a window similar to the one below will be displayed for signing up with IRCTC.

• You will be redirected to a web page for signing up with IRCTC similar to the one below.

Follow the onscreen procedures for filling up the details to complete the registration. Once you logon to IRCTC, you can use the website for booking tickets. By now, you are quite familiar with what each field represents. Go ahead and fill in the details. The ones marked with an asterisk (*) are mandatory fields.