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Process of online trading from a seller’s standpoint

(i) Registration:
Before online shopping, one has to register with the online
vendor by filling-up a registration form. Registration means that

you have an ‘account’ with the online vendor.

Among various details that need to be filled in is a ‘password’ as the
sections relating to your ‘account’, and ‘shopping cart’ are
password protected.

Otherwise, anyone can login using your name and shop in your name.

This can put you in trouble.
(ii) Placing an order:

You can pick and drop the items in the shopping cart. Shopping cart is
an online record of what you have picked up while browsing the

online store.
Just as in a physical store you can put in and take items out of your

cart, likewise, you can do so even while shopping online. After being
sure of what you want to buy, you can ‘checkout’ and choose your

payment options.
(iii) Payment mechanism:

It is clear that payment for the purchases through online shopping
may be done in a number of ways:

• Cash-on Delivery (Cod):
As is clear from the name, payment for the goods ordered

online may be made in cash at the time of physical delivery of
goods.

• Cheque:
Alternatively, the online vendor may arrange for the pickup of the

cheque from the customer’s end. Upon realization, the delivery of

goods may be made.
• Net-banking Transfer:

Modern banks provide to their customers the facility of electronic