what problem arises when transaction portal closes?
Answers
Explanation:
Many problems... Transactions portal closes...
I started using online payment options a long time ago when I would assist my dad with his work. The convenience and ease of making payments online are super neat. But one failed transaction and I would go berserk. Payment failure can be a nightmare!
Each time I clicked “pay now” and saw a “your payment is being processed” screen, I would cross my fingers. The anxiety would subside only after seeing a success screen with notifications from the merchant and the bank.
The anxiety would subside only after seeing a success screen with notifications from the merchant and the bank.
Why does payment failure bother us?
So, if online payments are convenient then why do we get anxious each time? There could be several reasons.
Worry! Worry!
Firstly, it is money! Your real money is involved. Anything to do with money is important and cannot be dismissed as a light matter. Hence, your natural response to any activity that shows loss of money is, worry!
No Instant Gratification
Secondly, there is no instant gratification. Buying at shops is an easier experience. You know you can hold the shopkeeper responsible if something goes wrong. Whatever amount you give him you receive an item immediately. We carry this particular behavior while making a transaction online. Hence, if for any reason you do not receive the email notification that you were supposed to receive then you certainly worry.
We tend to have this notion even while making a transaction online and when we do not receive a confirmation, we flip!
Trust Factor
Thirdly, trust factor. Believe me, it plays a major role. In this age of the internet where good and bad content co-exists, trusting a platform for transactions has become increasingly difficult.
Because of above reasons, we panic if there are certain errors or failures in payments. If your payment is successful, you will receive a notification from the payment platform (e.g. Instamojo) and from your bank.