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Explain the transaction risk involved in …

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Explain the transaction risk involved in online banking

Posted by Anmol Gupta 6 years, 10 months ago

CBSE > Class 11 > Business Studies

1 answers

Aryan Yadav 6 years, 10 months ago

The common transactional risks of online are: (a). Default on order taking/giving:seller may deny that customer ever placed the order. (b). Default on delivery:sometimes goods may be delivered at wrong address or goods other than order may also be delivered. (c).Default on payment:sometimes the seller does not get the payment for the goods supplied whereas tge customer claims that the payment was made.

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