online-transaction

Vocabulary Word

Definition

An 'online-transaction' usually refers to the process of buying or selling something over the internet. It means that you're exchanging money or services online.

Examples in Different Contexts

In the tech industry, 'online transactions' can also refer to data exchanges between systems or services. A software engineer might note, 'We've implemented robust protocols to secure online transactions between our platforms.'

Practice Scenarios

Marketing

Scenario:

The conversion rate of our recent campaign was not as high as expected. We should re-evaluate our marketing strategy to improve results.

Response:

Let's consider offering discounts and promotions. This might incentivize online transactions and improve our conversion rate.

Tech

Scenario:

There has been a recent uptick in cyber attacks on e-commerce sites. We need to be proactive about ensuring our customers' data is secure.

Response:

I agree, implementing a robust cybersecurity plan is crucial to protect online transactions.