Service Transactions
Service transactions refer to the exchange of services between a provider and a customer. Unlike product transactions, which involve physical goods, service transactions focus on intangible offerings such as consulting, repair services, or educational courses. These transactions often require direct interaction between the service provider and the client.
In a service transaction, the customer typically pays for the expertise or assistance provided. This can occur through various payment methods, including cash, credit cards, or digital payments. The completion of the service may also involve a contract or agreement outlining the terms and conditions of the service provided.