A transaction is an arrangement between a seller and a customer to exchange products, services or financial instruments. In simple words, when a person A gives person B some money for a product K, it is called a transaction.
The term “transaction” is used in e-commerce relatively recently and came here from the banking sector, where it actually means the transfer of funds from one account to another one.
Transactions are made in two ways:
Online transactions are protected (secured) and require prior authorization. In the process of performing an operation, an authorization code and a transaction number are assigned for every transaction. The transaction itself has only two states: completed or not completed.
If you have any trouble with your transactions, you can always call the support service of the transfer system you use (usually it works 24/7) to ask a specialist how to “freeze” the transfer, or correct it.
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