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Electronic Transaction Defined

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What is an Electronic Transaction?

Electronic Transactions, or E-Transactions, are a way of making purchases without using cash. When you use your card at a store, restaurant or other place that offers this type of payment method, the information from your credit card is electronically sent to the company that accepts it. This system allows for faster and more secure transactions than handing over hard currency would permit.

There are several advantages to electronic transactions including increased security due to not having physical cash in hand and being able to make purchases anywhere at any time without worrying about carrying around large amounts of money.

Electronic transactions are goverened by legal documents so that the rights and obligations of the two parties are understood and protected.

Who Helps With Electronic Transactions?

Lawyers with backgrounds working on electronic transactions work with clients to help. Do you need help with an electronic transaction?

Post a project in ContractsCounsel's marketplace to get free bids from lawyers to draft, review, or negotiate electronic transactions. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.


ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.


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Damien B. on ContractsCounsel
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5.0 (9)
Member Since:
October 3, 2023

Damien B.

Managing Attorney
Free Consultation
Long Island City, New York
23 Yrs Experience
Licensed in NY
Brooklyn Law School

My legal coverage includes Business Law, Commercial Litigation, Appeals and Trusts & Estates. I also handle Trademark applications and issues. I am a designated FINRA (Financial Industry Regulatory Authority) arbitrator. I have done pro bono work in the Federal Court mediation program. I have worked for companies as a legal writer, editor and content provider. I have written legal articles for the New York Law Journal and the New York State Bar Association magazine. I was a guest lecturer at New York University on the First Amendment in the M.S. program of Public Relations and Corporate Communication program for the course Communication Ethics, Law and Regulation (Adjunct Professor Douglas Rozman). I graduated from Harvard University with an MPA, from Brooklyn Law School with a JD where I was a Richardson Merit Scholar; and Carnegie Mellon University with a BS, cum laude, concentrating in Administration and Management Science, Mathematics and Economics.

Elizabeth A. on ContractsCounsel
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4.7 (1)
Member Since:
October 2, 2023

Elizabeth A.

Attorney
Free Consultation
Phoenix, Arizona
13 Yrs Experience
Licensed in AZ
Pepperdine University School of Law

I represent business and consumer clients to help them address the range of legal issues that concern them including business contractual disputes, debt litigation, and related matters.

William H. on ContractsCounsel
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Member Since:
September 29, 2023

William H.

Nevada
Free Consultation
Las Vegas
13 Yrs Experience
Licensed in MD
Sandra Day O'Connor College of Law at Arizona State

Diligent attorney and skilled government contracts professional with extensive experience in supply chain management, procurement, business process and procedure, regulatory compliance, intellectual property protection, and complex contract arrangements. With over 20 years of contracts and operations experience, I have handled domestic and international transactions for the sale and purchase of goods and services including construction, engineering, and R&D – in the Defense, IT, Mining, and Aerospace industries. I am accustomed to building and leading global and diverse teams; designing and implementing new processes and systems; and working in close collaboration with broad stakeholder populations, including executive management and other attorneys.

Brittany B. on ContractsCounsel
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Brittany B.

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Free Consultation
Upton, Massachusetts
12 Yrs Experience
Licensed in MA, VT, WI
University of St. Thomas

I am a tax attorney with years of experience as in house counsel at an accounting firm. I have also done tax litigation and audit representation. I work with for profits and non profits.

Lynette P. on ContractsCounsel
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October 1, 2023

Lynette P.

Litigation Attorney
Free Consultation
Little Rock, Arkansas
11 Yrs Experience
Licensed in AR, TX
St. Mary's University School of Law

I am licensed in both Texas and Arkansas but actively working in Arkansas. My primary focus is criminal defense, family law, and estate planning (wills and trusts).

Matthew W. on ContractsCounsel
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Matthew W.

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I represent startups, investment firms, and individuals frequently with equity and debt financing, M&A transactions, and commercial contracts.

Nicole Y. on ContractsCounsel
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Nicole Y.

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Miami, FL
3 Yrs Experience
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St. Thomas University School of Law

Nicole Yñigo is an accomplished attorney with over nine years of experience in the legal field. Raised in Miami, she obtained her education from the School for Advanced Studies, Florida International University, and St. Thomas University School of Law. Nicole is dedicated to helping her clients achieve their legal goals and has built a strong reputation for providing personalized and effective legal representation. She has worked with various law firms and insurance companies on both Plaintiff and Defense matters. Nicole is the founder of The Ynigo Legal Group, where she offers compassionate and competent legal counsel in a direct and practical approach.

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