How are transactions managed in e-commerce platforms?

By vivek kumar in 22 Jul 2024 | 08:09 pm
vivek kumar

vivek kumar

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How are transactions managed in e-commerce platforms?

22 Jul 2024 | 08:09 pm
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Prince

Prince

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Posts: 557
Member since: 20 Jul 2024

Transactions in e-commerce platforms are managed through:


1. **Payment Gateways:** Securely process payment information and facilitate transactions between customers and merchants.

2. **Transaction Processing Systems:** Handle order creation, payment authorization, and confirmation, ensuring data consistency and integrity.

3. **Database Management:** Maintain records of transactions, including order details, payment status, and inventory updates.

4. **Fraud Detection:** Implement tools and algorithms to detect and prevent fraudulent activities.

5. **Reconciliation:** Ensure that transactions are accurately recorded and reconciled with financial systems and accounts.

22 Jul 2024 | 10:24 pm
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