How are transactions managed in e-commerce platforms?
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.