TransactionFrom Latin transactio, transaction is a term defined by the dictionary of the Royal Spanish Academy (RAE) as the action and effect of compromising (voluntarily agree with another party some litigious point to share the difference of the dispute, consent in order to end a difference).

For the economy, the finance or the Commerce, a transaction is a buy and sell operation. When someone sells a product to a buyer, they are conducting 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 the seller money as compensation.

For instance: “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 at the last minute”, “The transaction of the African striker could not be finalized since the club did not get the money to finance it”.

In the field of right, a transaction is a bilateral legal act which consists of the extinction of disputed or doubtful obligations through reciprocal concessions made by the parties.

The computing appeals to the concept to name the interaction with a complex data structure, where the processes must be applied one after the other in a similar way to an atomic interaction.

For the psychologyFinally, the transactions are stimulus and response exchanges that people have each other and their ego states. According to the social and psychological level in which they are carried out, the transactions can be classified as simple or complex.

Online transactions

TransactionThe virtual transaction scenario may have seemed like a distant future just two decades ago, but nowadays it is not normal to meet someone who has not made at least one purchase for Internet. Similarly, more and more merchants are taking advantage of online sales to lower costs.

The basis of these transactions are the systems electronic payment, among which is the popular PayPal. It is an American company founded in 1999. Like any company that moves millions, it has many followers but also detractors; Stories of alleged fraud, customer mistreatment and unjustified complaints often emerge.

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 business without investing large sums of money. money, or perform remote work, from the comfort of your home, and receive your pay directly into your bank account.

Among its weaknesses is the lack of support in certain countries, which is perceived, for example, in the impossibility of linking a PayPal account with a bank; In these cases, withdrawals must be made by requesting a check, which is sent by mail to the user’s address, who must take care of the expenses and face the inevitable wait.

One of the most successful alternatives to PayPal is, which was launched the same year but offers more amenities for customers from countries. ignored by your competitor. On the other hand, it is important to note that their rates are higher. Other option Recommended by many is Google Checkout, which has the advantage of being associated with other services commonly used by millions of users, such as Gmail and YouTube; their taxes are 2% per transaction made.

Many of the users who, for certain reasons, did not have good experiences with PayPal, migrated to, a very similar platform with very good technical support. Again, its commission is higher, but it is highly recommended for entrepreneurs around the world.