The transactional model of communication positions both communicators as senders and receivers who encode their own messages and decode others' messages in the context of both communicators' individual and shared experiences. It is an interdependent model, and each element exists in relation to the others.
In transactional communication, communication is viewed as an exchange of something of value and a transaction between the communicators. Each person reacts based on his own culture, education, self-esteem, attitudes and background that color the interpretation of communication. The sending and receiving of messages can be simultaneous in transactional communication, and the communicators' fields of experience is fluid, changing as communication takes place.