Article Written by : Trade Submit
Business to Consumer (B2C) and Business to Business (B2B) online shopping is the process of making a transaction over the web, and entering into an agreement to buy a product or service, either from another business or to an individual seller. Today, e-commerce is highly preferred by a very considerable number of businesses and individuals because of the advantages. But like any other transaction, there are also some drawbacks when it comes to buying products and services online.
Some of the advantages of buying online include the advantage of convenience. Because a lot of individuals and businesses do not have the luxury of time to travel great distances in order for them to buy something, they just browse over the web to buy all of the things they need. Aside from the extensive selection of products and services available over the web, another advantage of buying online is that you can get all the information you need about a certain product, service from the online store you are planning to buy from.
This information can be accessed through testimonials from the website of the seller, and product reviews. On the other hand, the drawback of transacting online includes fraud. It is a known fact that a lot of people are taking advantage of the Internet, which means you have to be careful with the person you are going to transact with. Transacting online would leave your personal information vulnerable to hacks and unwanted charges. Another disadvantage of online shopping is the inclusion of hidden costs. This is where online retailers make a lot of money because a lot of people do not fully understand the terms of the negotiation like shipping charges, etc.