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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.