Disadvantage of online transaction
Answers
Answer:
Disadvantages of online payments
Online payment methods have several disadvantages. Check out these examples:
Service fees
Payment gateways and third-party payment processors charge service fees.
Inconvenient for offline sales
Online payment methods are inconvenient for offline sales.
Vulnerability to cybercriminals
Cybercriminals can disable online payment methods or exploit them to steal people’s money or information. Visit the Australian Cybercrime Reporting Network’s Learn about cybercrime page to learn more about cybercrime.
Reliance on telecommunication infrastructure
Internet and server problems can disable online payment methods.
Technical problems
Online payment methods can go down due to technical problems.
Answer:
Explanation:
Hindrance of physical examination of product
Hindrance of bargain
Delay in transport
Froud on banking transaction