The Safest Online Payment Methods You Must Know
Online shopping has taken off worldwide. According to recent figures, there were 2.14 billion online buyers worldwide in just the last year. Nowadays, it’s hard to find a business that doesn’t have some kind of ‘digital representation’, be it a blog or website. Nearly every industry has moved online and ecommerce has never been bigger. Besides, above 80% of the world population owns a smartphone, allowing customers to do their shopping from anywhere.
Of course, you can still buy items with cash at your local store, but you’ll have to choose a digital payment method if you’re shopping online. While digital payment methods were considered unsafe in the early days of ecommerce, technology has since gone long distances to ensure secure online payments. So, it’s time to learn about the safest online payment methods and what you can do with them. Check out the most popular options below.
PayPal is among the oldest e-wallets in the market. This American company was established in 1998 and has been there since the dawn of eCommerce. It supports free transactions between parties. Yet, users pay fees for accepting payments and exchanging currencies.
Allowing for an anonymous and instant payment method, PayPal has become the go-to payment method in a wide range of different industries. Not only is it accepted by most eCommerce giants, like Amazon, eBay, and AliExpress, but you can also now find top PayPal casino sites, like BetMGM and 888Casino, that offer easy deposits and fast withdrawals for those interested in trying their luck on an online slot or two.
Neteller is also an e-wallet and rivals PayPal in many aspects. This Canadian company opened its doors in 1999 and has become one of the best online payment solutions since. It supports 22 different currencies, pleasing online shoppers and players alike around the world. This e-wallet also operates with cryptocurrencies. It’s perfect for making payments with different currencies and shopping abroad.
Skrill is another leader in the e-wallet segment, offering services that its competitors don’t. For instance, Skrill allows you to pay in several currencies, send and receive money abroad, and have ultra-fast banking operations. It’s safe, anonymous, and easy to control. Its special service, Skrill 1-Tap, allows users to make online payments by providing an email address and password only. It’s a very common method among freelancers and small business owners.
Cards never go out of fashion, especially if you can use them digitally. Visa and Mastercard remain at the top of online shoppers’ preferences. They’re accepted everywhere, and almost everyone has at least one. This method has improved their security a lot and is now less liable to hacking. Besides, Visa and Mastercard are accepted almost anywhere.
Paysafecard is a prepaid Mastercard debit card. It means it’s accepted anywhere Mastercard is accepted since it works like a regular card. Users must top it up before using it, which makes it easier for users to track their expenditures. The Paysafecard is most commonly used for online fashion shoppers. Shops and websites have no access to the client’s banking details, which makes it a safe method against hackers.
Apple Pay is a mobile payment service that’s exclusive to Apple users. It’s also a prepaid method since the account needs to be topped up to be used. However, it doesn’t work for withdrawals as other mentioned methods. Nevertheless, it’s a very safe payment method, with multiple ID-verification steps and heavy encryption. It’s mostly used for online shopping, but some land-based shops also operate with this kind of payment method.
Cryptos get more appealing by the day, and with them comes a score of crypto-wallets. There are e-wallets that operate exclusively with cryptos. Still, platforms like PayPal and Neteller also offer such services for this clientele. Cryptos used to be a thing for gamers tech crazes only, but more businesses are accepting this payment method every day. Companies like Microsoft, Amazon, Google, and others, have jumped into the crypto wagon already.