Unpaid Orders refer to orders placed by customers in e-commerce stores that have not been paid for yet. These orders can occur for various reasons, such as customers abandoning the checkout process before completing the purchase, failed payment transactions, or customers choosing to pay on delivery or via alternative payment methods. Unpaid orders can impact a business's cash flow and inventory management as they represent potential lost revenue until the customer completes the payment. It is essential for e-commerce businesses to have strategies in place to follow up on unpaid orders, encourage customers to complete their purchases, and minimize the occurrence of unpaid orders in the future.
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