Elaborate the steps involved in on-line trading.

The steps involved in online trading are following

1) Registration: before going for online shopping, you need to register yourself on their website, it is also called as account creating and you need to provide some information like email id, phone number etc for creating an account.

2) Placing an order- once you have created an account, you can search for products on their website and place the order online, for that you to add product in your shopping cart.

3) Payment mechanism – In online purchase you can make payment in several ways

a. Cash on delivery - you need to make payment in cash while collecting the order.

b. Cheque- Online vendor can also arrange for pickup of the cheque form the customer place.

c. Net banking: You can make an electronic payment to the bank account of the online vendor through the Internet banking website of your bank.

d. Credit and debit cards- most of the transaction are done by these, payment is debited from your account linked with this card.

e. E-cash – This is a kind of currency which have no physical resistance, it stays in cyberspace in your computer, and it will require special software

4) Delivery – Supplier needs to ship the material to customer address.