Online+transactions

Post your group work on Online Transactions on this page.
Include:
 * Types (e-retail, financial)
 * Examples of sites
 * Benefits of online
 * Disadvantages/problems

There are many benefits of online transactions. Online stores are always open. They cost nothing in travel costs to access the stores. And the selection is incomparable. When you shop online, you can get almost anything you want from almost anywhere in the world. Online banking offers benefits as well. You can check balances, transfer funds, and pay bills all from home. And with a lot of companies providing online services, you can use the Internet to manage your investments, health care benefits, and other important business

Examples of sites Ebay -Is a very popular online purchasing site where you can exchange goods. The site allows people to buy and sell many types of products (e.g. Electronics, toys, Wooden materials, Household items, replacement products etc) but does not sell food you can also sell second hand items and even auction products. The main purpose of Ebay is to allow people to sell old products they do not need and to buy products online for a cheaper price. Auctioning is the main way a seller advertises its product. Usually auctioning has the benefit of being cheaper than a Buy-It-Now option but too many auctions may lift the price [|www.ebay.com.au/]

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Catch of the Day - Is a popular online purchasing site where you can exchange goods. This website is like ebay but you can buy food. [|www.catchoftheday.com.au]

Amazon <span style="font-family: Arial,Helvetica,sans-serif; font-size: 120%;">-Amazon is a very popular online purchasing site where you can exchange goods. This website is like catch of the day but with a slightly larger product range (books, electronics, Home and garden, Toys and kids, clothing etc.). <span style="font-family: Arial,Helvetica,sans-serif; font-size: 120%;">Jeff Bezos found Amazon.com, Inc in 1994 and the site went online in 1995. The company began as an online bookstore and offered more books than brick and mortar and mail delivered books together. Amazon has over 615 million visits annually and approximately 65 million users every month to their US website. Amazon.com was criticised when it was first created due to their unusual business plan. They knew that they wouldn’t get a substantial profit for 4-5 years. When the “dot-com bubble” burst and many e-commerce business went out of business, Amazon persevered and, and finally gained their first profit since the website started. <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">[|www.amazon.com/]

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<span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">iTunes <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">-Is a very popular program where you can purchase entertainment. This includes music, TV shows, movies, radio shows, podcasts, apps and more. These products can then be synced to iPhones, iPods and iPads as viewed on them. <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">Download iTunes of this link: //<span style="background-color: transparent; color: #000000; font-size: 16px; text-align: left; text-decoration: none;">www.apple.com/au/itunes/ //and click on “Download iTunes”

<span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">NAB <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">- Is a popular banking site where you can do your banking. On this site you can do your personal banking as well as business banking all in the one site. <span style="background-color: transparent; color: black; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">[|www.nab.com.au]

<span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">Westpac <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">-Is a popular banking site where you can do your banking. On this banking site you can do your personal, business and corporate banking. <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">[|www.westpac.com.au/]

<span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">Commonwealth Bank <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">- Is a popular banking site where you can do your banking. On this banking site you can do your personal, business and corporate banking. <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">[|www.commbank.com.au/]

<span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">Trading Post <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">- Is a popular online purchasing site where you can exchange goods. On this site you can sell a variety of products such as vehicles, pets, and spare/replacement parts and accessories. <span style="background-color: transparent; color: black; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">www.tradingpost.com.au

<span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">**<span style="background-color: transparent; color: #17365d; font-size: 16px; text-decoration: none; vertical-align: baseline;">· Types (e-retail, financial) ** <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">Online transaction is the process which goods or services are bought or sold electronically. Therefore it is financially and retail related.

<span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">**<span style="background-color: transparent; color: #17365d; font-size: 16px; text-decoration: none; vertical-align: baseline;">· Examples of sites ** <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">E-Trade- E-trade is an online share-trading company that was set up by traders. Investors can buy and sell securities such as stocks, bonds, options, mutual funds and exchange-traded funds through the computer or the phone. <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">Amazon- Amazon is a very popular website where you can trade goods. <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">Westpac- Westpac is a famous website where people can do their banking. It is very secure and is protected from hackers and/or leakage of personal information. <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">Itunes= Itunes is a very popular and used website/program. It is used to buy music or listen to the songs you have.

<span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">**<span style="background-color: transparent; color: #17365d; font-size: 16px; text-decoration: none; vertical-align: baseline;">· Benefits of online ** <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">2 key themes shine in online transactions. Simplicity and efficiency. Reduced paper trials makes thing easier and faster and more accurate forecasts for revenues and expenses are both examples of how online transaction makes things easier and simpler for businesses.

<span style="background-color: transparent; color: #17365d; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">**<span style="background-color: transparent; color: #17365d; font-size: 16px; text-decoration: none; vertical-align: baseline;">· Disadvantages/ problems ** <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">Buying goods or services online has many disadvantages. Disadvantages could include <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">- Getting scammed from false websites <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-Not getting the good or service immediately <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">- Getting refunds for your goods can take really long <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">- You must use a credit card in order to buy goods or services. this puts you and your personal information at risk. Hackers can crack into the online’s store account and steal your information. <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-You have to pay shipping AND handling fees for your purchases which can be very costly if you want your goods to come quickly. <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">- The website does not have a time when they are online or offline since they can have offline maintenance at any time of the day or night. =<span style="background-color: #ffffff; color: #ff0000; font-family: Arial,Helvetica,sans-serif; font-size: 27px; line-height: 115%; text-decoration: none;">Online Transactions by David Le and William Fan = <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 27px; line-height: 115%; text-align: left; text-decoration: none;"> <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">**<span style="background-color: transparent; color: #000000; font-size: 21px; line-height: 115%; text-align: left; text-decoration: none;">Types ** <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">**<span style="background-color: transparent; color: #000000; font-size: 16px; text-align: left; text-decoration: none;">E-retail: ** E-retail involves purchasing items through an online store. It can either be Business to Consumer (B2C) where a business is selling to a consumer or Business to Business (B2B) where a business is selling to another business. There are many different online stores: you can buy groceries, electronics and anything in general. <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">**<span style="background-color: transparent; color: #000000; font-size: 16px; text-align: left; text-decoration: none;">Financial: ** Online banking allows customers to make transactions online through a website operated by the bank, credit union etc... You can pay bills, make fund transfers, invest, make loans and view bank statements. <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">**<span style="background-color: transparent; color: #000000; font-size: 21px; line-height: 115%; text-align: left; text-decoration: none;">Examples ** <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">**<span style="background-color: transparent; color: #000000; font-size: 16px; text-align: left; text-decoration: none;">E-retail: ** Amazon, Ebay, Trading Post <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">**<span style="background-color: transparent; color: #000000; font-size: 16px; text-align: left; text-decoration: none;">Financial: ** NAB, Commonwealth, Westpac, ANZ, Sydney Water, Energy Australia

<span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">**<span style="background-color: transparent; color: #000000; font-size: 21px; line-height: 115%; text-align: left; text-decoration: none;">Advantages ** <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">· Fast access to a massive range of products around the world <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">· 24 hours a day, 7 days a week availability <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">· You can compare products more easily <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">· Contacting seller is easier <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">· Faster than traditional methods <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">· Information can be accessed at any time at your convenience <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">· Information can contain a wide range of colour and design <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">· Information can be accessed easily for the future <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">· Businesses aren’t restricted to the local market <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">**<span style="background-color: transparent; color: #000000; font-size: 21px; line-height: 115%; text-align: left; text-decoration: none;">Disadvantages ** <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">· Some businesses can’t make web pages <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">· Too much irrelevant information may be on the site <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">· Users particularly of the older generation may not have adequate skills <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">· Difficult to know whether the information is correct <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">· Websites may be abandoned/ not updated <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">· Advertisements may be distracting <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">· Cost of internet <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">· Unable to see item in real life and you must rely on the dimensions provided (e.g. Clothes) <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;"> <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">Big 4 Banks <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;"> <span style="background-color: transparent; color: #000000; display: block; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-align: left; text-decoration: none;">Credit Cards <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">**<span style="background-color: transparent; color: #000000; font-size: 18px; text-decoration: none; vertical-align: baseline;">Types ** <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">**<span style="background-color: transparent; color: #000000; font-size: 16px; text-decoration: none; vertical-align: baseline;">E-retail ** <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">This is when you buy things like groceries on websites such as Woolworths. <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">**<span style="background-color: transparent; color: #000000; font-size: 16px; text-decoration: none; vertical-align: baseline;">Financial ** <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">Things like banking or the stock exchange. <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">**<span style="background-color: transparent; color: #000000; font-size: 18px; text-decoration: none; vertical-align: baseline;">Examples of Sites ** <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">**<span style="background-color: transparent; color: #000000; font-size: 16px; text-decoration: none; vertical-align: baseline;">E-retail ** <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">**<span style="background-color: transparent; color: #000000; font-size: 16px; text-decoration: none; vertical-align: baseline;">- **Woolworths <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-Coles <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-eBay <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">**<span style="background-color: transparent; color: #000000; font-size: 16px; text-decoration: none; vertical-align: baseline;">Financial ** <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-The stock exchange, ASX <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-Bank websites <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">**<span style="background-color: transparent; color: #000000; font-size: 18px; text-decoration: none; vertical-align: baseline;">Benefits ** <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-Quick and convenient <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-Can use credit cards, Pay Pal <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-Delivered to you <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-More guaranteed to be in stock than at shops <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-Don’t have to go out and find your nearest store <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-Insured <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-You can buy or sell just about anything <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-You can buy and sell at home or on the go on your phone <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">**<span style="background-color: transparent; color: #000000; font-size: 18px; text-decoration: none; vertical-align: baseline;">Disadvantage/problems ** <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-You don’t always get what you see <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-Chance of getting scammed <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-Postage and handling time-Goods can get damaged

<span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">Type: E-retail websites allows you to transact goods online. <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">Example: Itunes <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">Advantages: <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-Download straight onto iPod or sync from iTunes <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-Purchase apps and music fast via Wifi. <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-Create an account and easy to access. <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-Keep up to date with podcasts, music and movies. <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-See the top albums/songs/movies etc. <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-Preview songs (30 seconds) or view trailers. <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-Constantly offers updates to an application. <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-Transferred straight to iPod or others. <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-Will not get scammed. <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">Disadvantages: <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-Does not offer refund once downloaded app or music. <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-Rental for movies are expensive and short termed. <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-Online stores are laggy. <span style="background-color: transparent; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-It isn’t that efficient compared to ebay. <span style="background-color: #000000; color: #000000; font-family: Arial,Helvetica,sans-serif; font-size: 16px; text-decoration: none; vertical-align: baseline;">-Buying items doesn’t come with other compatible necessities.

<span style="background-color: transparent; color: black; font-family: Times New Roman; font-size: 16px; text-align: left; text-decoration: none;">Online transactions has both advantages as well as disadvantages. In a normal transaction, the buyer is guaranteed that the item bought is working and what they want as the item will be virtually in front of them to touch and see. They will also have the item as soon as they purchase it whereas in an online transaction, there is a wating time for the item to be delivered. Also, in an online transaction, you do not totally get to see the item but only in a picture. However, online transactions save time from going to a retail store and are usually cheaper. Online transactions has many risks but may save time and money.