How do online marketplaces utilize technology for transactions? 🔊
Online marketplaces utilize technology for transactions by providing platforms that facilitate buyer-seller interactions. Features like payment gateways and secure transaction processing ensure safe and efficient exchanges. These platforms often include user reviews and ratings to build trust, while data analytics helps optimize listings, improving user experience and sales. Technology also enables features like personalized recommendations and streamlined logistics, ensuring that products reach customers efficiently. Overall, these technologies significantly enhance the functionality and accessibility of e-commerce.
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