{"id":10224,"date":"2025-10-17T11:35:48","date_gmt":"2025-10-17T09:35:48","guid":{"rendered":"https:\/\/paynopain.com\/glosario\/transaccion\/"},"modified":"2026-01-26T16:40:44","modified_gmt":"2026-01-26T15:40:44","slug":"transaction","status":"publish","type":"glosario","link":"https:\/\/paynopain.com\/en\/glossary\/transaction\/","title":{"rendered":"Transaction"},"content":{"rendered":"

<\/span>What is a transaction?<\/strong><\/span><\/h2>\n

A transaction<\/strong> involves the exchange, managed between two parties (buyer and seller)<\/strong>, of a good or service for a specific monetary amount. In this sense, the concept of a transaction refers to economic operations in which money is paid in exchange for the product acquired. When referring to financial transactions in a business environment, the term then relates to changes in the value of an entity\u2019s assets, liabilities, or equity.<\/p>\n

<\/span>Online transaction process<\/strong><\/span><\/h2>\n
    \n
  1. \n

    Initiation:<\/strong> The buyer selects products or services and proceeds to payment on the seller\u2019s platform.<\/p>\n<\/li>\n

  2. \n

    Information Entry:<\/strong> The buyer enters payment details, such as a credit card number, digital wallet information, or bank account data.<\/p>\n<\/li>\n

  3. \n

    Authentication:<\/strong> The system verifies the buyer\u2019s identity through authentication methods.<\/p>\n<\/li>\n

  4. \n

    Authorization:<\/strong> The card issuer or the buyer\u2019s bank authorizes the transaction.<\/p>\n<\/li>\n

  5. \n

    Settlement:<\/strong> Funds are transferred from the buyer to the seller.<\/p>\n<\/li>\n

  6. \n

    Confirmation:<\/strong> Both buyer and seller receive confirmation that the transaction has been completed.<\/p>\n<\/li>\n<\/ol>\n

    <\/span>Benefits of online transactions<\/strong><\/span><\/h2>\n