A transaction is called a commercial operation.
From the Latin transactio , transaction is a term defined by the dictionary of the Royal Spanish Academy (RAE) as the action and effect of compromising (voluntarily agreeing with another party on some contentious point to share the difference of the dispute, consenting in order to end a difference).
In economics , finance or commerce , a transaction is a buying and selling operation . When someone sells a product to a buyer, they are carrying out a transaction. Returning to the original definition of the term, it can be said that the seller agrees to deliver the product to the buyer and the buyer agrees to give money to the seller as compensation.
For example: "I have to travel to Brazil to close a transaction with a cosmetics company" , "I was about to sell my car, but the transaction fell through at the last minute" , "The transaction for the African striker could not be completed because the club did not get the money for its financing" .
Transaction in law, computer science and psychology
In the field of law , a transaction is a bilateral legal act consisting of the extinction of litigious or doubtful obligations through reciprocal concessions made by the parties.
Computer science uses the concept to name the interaction with a complex data structure , where processes must be applied one after the other in a way similar to an atomic interaction.
For psychology , meanwhile, transactions are exchanges of stimuli and responses that people have with each other and their ego states. Depending on the social and psychological level at which they are carried out, transactions can be classified as simple or complex.
Virtual transactions are becoming increasingly popular.
Online operations
The virtual transaction scenario may have seemed like something from the distant future just two decades ago, but today it is not normal to meet someone who has not made at least one purchase online . Likewise, more and more merchants are taking advantage of the benefits of online sales to reduce costs.
The basis of these transactions are electronic payment systems , including the popular PayPal . This is a North American company founded in 1999. Like any company that moves millions, it has many followers but also detractors; stories of alleged fraud, mistreatment of customers and unjustified complaints often arise.
But the truth is that this company has positively changed the lives of countless people in many parts of the world, allowing them to create their own company without having to invest large sums of money , or to work remotely, from the comfort of their home, and receive their pay directly into their bank account.
Digital transactions, PayPal and other payment methods
Among its weak points is the lack of support in certain countries, which is perceived, for example, in the impossibility of linking a PayPal account with a bank account; in these cases, withdrawals must be made by requesting a check, which is sent by mail to the user's home, who must pay the costs and face the inevitable wait.
One of the most successful PayPal alternatives is 2checkout.com , which was launched the same year but offers more conveniences for customers in countries ignored by its competitor. On the other hand, it is important to note that its fees are higher. Another option recommended by many some time ago was Google Checkout , which had the advantage of being associated with other services commonly used by millions of users, such as Gmail and YouTube ; its taxes were 2% per transaction made.
Many users who, for certain reasons, did not have good experiences with PayPal migrated to AlertPay.com , a very similar platform with very good technical support. Again, its commission was higher, but it was highly recommended for entrepreneurs around the world.