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Ecommerce MCQs

What does the term Settlement mean in the context of Ecommerce?

When a refund is issued to a customer incase of a disputed transaction.

When the goods are shipped to the customer.

When the customers credit card is charged. It usually occurs after the goods have been shipped.

When the customers credit card is charged. It usually occurs as soon as the order is placed.

None of the above

Answer

Correct Answer: When the customers credit card is charged. It usually occurs after the goods have been shipped.

Explanation:

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