The boom in online shopping meant that there were over 2 billion digital purchases completed across the planet in 2020, with the numbers expected to continue to rise in 2021. So, now that this has become the norm as a result of most industries moving to the online sphere, and given the multiple ways to pay, what are some of the safest ways of paying for different things online?
Paysafe Card for Online Casinos
As an industry that has grown impressively in the last few years, the online casino business has had to find ways of letting new players sign up and fund their accounts. eWallets such as Skrill and Neteller are a popular choice, as they let players keep their casino funds separate from their main bank accounts in a secure wallet.
Perhaps an even better option comes in the form of prepaid cards, such as a paysafecard online casino, as this means that your bank accounts aren’t linked to the payment method you use in any way. As long as a trustworthy, established casino is being used, it’s a convenient and safe way to pay. Genesis casino, for example, confirms that you use a unique PIN to transfer the funds and that the process is similar to using a traditional bank card online, but with fewer details to input.
PayPal for Retail Store Purchases
Back in 2016, a Department of Commerce study confirmed that around half of all Americans didn’t buy online due to fears over their security and privacy. An earlier report from First Data suggested that 9% of all potential online sales were lost due to customer fears. Yet, the ever-rising number of eCommerce transactions suggests that this is no longer an issue for millions of people.
One of the reasons for this growing confidence is that PayPal is such a widely-used and trusted payment method. With over 15 billion transactions carried out in 2020, it has long been one of the market leaders in paying with confidence. PayPal has also recently launched initiatives like cryptocurrency buying and an option to pay in four installments, opening up yet more options for consumers.
Cryptocurrencies for a Growing Variety of Services
While we can’t yet say that Bitcoin has become a mainstream payment method, it is clear that the cryptocurrency market is attractive to a lot of people. According to a report carried out for Finder, over 23% of Americans own some sort of crypto, which is an increase from less than 8% in 2018.
These digital coins are often bought for investment purposes, but an increasing number of companies also now accept this kind of payment.
From Microsoft to Starbucks, and Tesla, there are now numerous options for paying using a cryptocurrency. It is expected that more companies will start accepting crypto over time, as its use becomes more widespread. Although there have been some issues with hackers, these attacks have largely been aimed at exchanges, with the use of digital money to pay considered to be secure.
Any of these methods can be considered as a safe way of paying online, provided that you stick to the security protocols in each case and only use reliable websites.