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

Elizabeth A.

Attorney
Free Consultation
Phoenix, Arizona
15 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.

Recent  ContractsCounsel Client  Review:
4.7

"Elizabeth was very responsive. Even though the review took longer than expected and we faced some scheduling issues, she was quickly to follow-up and adjust her schedule to finish."

Brittany B. on ContractsCounsel
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Member Since:
October 1, 2023

Brittany B.

Attorney
Free Consultation
Upton, Massachusetts
14 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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Member Since:
October 1, 2023

Lynette P.

Litigation Attorney
Free Consultation
Little Rock, Arkansas
13 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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Member Since:
October 2, 2023

Matthew W.

Corporate Lawyer
Free Consultation
Houston
18 Yrs Experience
Licensed in TX
University of Texas Law School

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

Alyssa R. on ContractsCounsel
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Member Since:
November 11, 2025

Alyssa R.

Principal Attorney
Free Consultation
New York, NY
5 Yrs Experience
Licensed in NY
New York Law School

Alyssa M. Reid is a New York–based transactional attorney advising founders, creatives, and companies on commercial agreements, intellectual property, and strategic business matters. Her practice focuses on drafting, reviewing, and negotiating a wide range of contracts, including service agreements, licensing and IP deals, publishing agreements, and talent/influencer contracts. Alyssa is known for combining strong legal analysis with a practical, business-minded approach. She helps clients understand what they’re signing, identify risks, and negotiate terms that protect their long-term interests, particularly around ownership, revenue, and control. She represents clients across media, entertainment, technology, sports, and consumer industries, serving as a trusted advisor from early-stage growth through more complex transactions. Prior to founding AMR Law, PLLC, Alyssa practiced at Sidley Austin LLP and later served as outside general counsel to startups and entrepreneurs. She is licensed to practice in New York and holds a J.D. from New York Law School and a B.A. from New York University.

Nicole Y. on ContractsCounsel
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Member Since:
October 3, 2023

Nicole Y.

Attorney
Free Consultation
Miami, FL
5 Yrs Experience
Licensed in FL
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.

Gunnar C. on ContractsCounsel
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Member Since:
October 3, 2023

Gunnar C.

Lawyer
Free Consultation
Indianapolis
14 Yrs Experience
Licensed in IN
Indiana University McKinney School of Law

I am a multifaceted lawyer, experienced in corporate law, nonprofits, private equity, real estate, financial services, taxation, trust and estate planning, and philanthropy. I am a strategic thinker and cross-functional collaborator who understands the importance of balancing revenue needs with business-minded legal counsel. I am skilled and experienced in preparing and reviewing SaaS agreements, service and vendor agreements, confidentiality, NDAs, data privacy, IP, licensing, real estate transactions, and partnership agreements.

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