What Does transaction Mean
From the Latin transactio , transaction is a term defined by the dictionary of the Royal Spanish Academy (RAE) as the action and effect of compromising (voluntarily agreeing with another party on some litigious point to share the difference of the dispute, consenting in order to end with one difference).
For the economy , finance or commerce , a transaction is a purchase and sale operation . When someone sells a product to a buyer, they are conducting a transaction. Returning to the original definition of the term, it can be said that the seller agrees to deliver the product to the buyer and the buyer agrees to give the seller money as compensation.
For example: "I have to travel to Brazil to close a transaction with a cosmetics company" , "I was about to sell my car, but the transaction fell at the last minute" , "The transaction of the African striker could not be finalized since the club did not get the money to finance it ” .
In the field of law , a transaction is a bilateral legal act that consists of the extinction of disputed or doubtful obligations through reciprocal concessions made by the parties.
The computer calls for the concept to name the interaction with a complex data structure , where processes must be applied one after the other in a similar way to an atomic interaction.
For psychology , finally, transactions are exchanges of stimuli and responses that people have with each other and their states of the self. According to the social and psychological level in which they are carried out, transactions can be classified as simple or complex.
Online transactions
The scenario of virtual transactions may have seemed like a distant future just two decades ago, but today it is not normal to meet someone who has not made at least one purchase online . Similarly, more and more merchants are taking advantage of online sales to lower costs.
The basis of these transactions are electronic payment systems , among which is the popular PayPal. It is an American company founded in 1999. Like any company that moves millions, it has many followers but also detractors; Stories of alleged fraud, customer mistreatment and unjustified complaints often emerge.
But the truth is that this company has positively changed the lives of countless people in many parts of the world, allowing them to create their own business without having to invest large sums of money , or carry out remote work, from the comfort of their home, and receive your pay directly into your bank account.
Among its weaknesses is the lack of support in certain countries, which is perceived, for example, in the impossibility of linking a PayPal account with a bank; In these cases, withdrawals must be made by requesting a check, which is sent by mail to the user's address, who must take care of the expenses and face the inevitable wait.
One of the most successful alternatives to PayPal is 2checkout.com, which was launched the same year but offers more convenience for customers from countries ignored by its competitor. On the other hand, it is important to note that their rates are higher. Another option recommended by many is Google Checkout, which has the advantage of being associated with other services commonly used by millions of users, such as Gmail and YouTube; their taxes are 2% per transaction made.
Many of the users who, for certain reasons, did not have good experiences with PayPal, migrated to AlertPay.com, a very similar platform with very good technical support. Again, its commission is higher, but it is highly recommended for entrepreneurs around the world.