Description: The transaction method refers to the way a transaction is processed on e-commerce platforms. This term encompasses various payment modalities, including credit cards, debit cards, bank transfers, and online payment services like PayPal. The choice of transaction method is crucial as it affects user experience, transaction security, and the efficiency of the purchasing process. Merchants can integrate multiple payment methods through various platforms, allowing them to customize the shopping experience according to their customers’ preferences. Implementing an appropriate transaction method not only optimizes sales conversion but also contributes to customer loyalty by providing options that align with their expectations and needs. In summary, the transaction method is an essential component in the e-commerce ecosystem, influencing customer satisfaction and business success.
