—TechRound does not recommend or endorse any financial or gambling advice or practices. All articles are purely informational—
Technology continues to play an integral role in our lives and is something we constantly use. While there are numerous examples of this in the business world, online transactions are perhaps the most common. Many businesses across a diverse range of sectors now accept online payments and use them to provide more convenience to customers in terms of how they pay.
Digital transactions are only possible due to the online payment providers which facilitate these transactions. Without these providers, businesses would not be able to offer secure, hassle-free online payments to customers.
Although well-established names like PayPal, Neteller and Skrill are obvious examples, some newer digital payment options have begun to make waves in business.
Which Payment Methods Are Taking Off For Online Transactions?
One of the most commonly used online payment choices nowadays is Apple Pay. This allows people to pay for goods and services using their iOS device, whether that is an Apple iPhone 15 or Apple iPad. Secure to use, more and more people are choosing to pay for goods with Apple Pay when out of the house or using their smartphone.
Paysafecard also stands out as one of the top newer payment providers which facilitate online transactions globally. This is a pre-paid card which users load with a set amount of cash to spend. They simply enter the unique code from the card when making transactions online to use it. Whether people choose to play games or shop for clothes online with it, it has really grown as an online payment option in recent years.
Industries Amending Their Payment Options For Digital Transactions
The global betting and casino gaming sector is a good example to start off with. All the top sportsbooks and iGaming sites now carry the latest digital payment providers for customers to use when depositing or withdrawing cash. As a result, it’s common to see users play casino games with Paysafecard or use other secure methods such as Apple Pay, MuchBetter and Trustly to set their limits.
The other major industry which is adopting newer digital payment choices for safe online transactions is e-commerce. This is not surprising when you consider how crucial safe online payments are to this industry and that it was an early adopter of digital payments.
E-wallets have brought about several benefits for the real estate sector, allowing for greater transparency and greatly reduced risk of cybercrime and fraud – which is, of course, especially important when buyers and realtors are transferring and receiving large sums of money! Digital options have also allowed for more flexibility when it comes to paying insurance premiums, and can be a massive stress relief.
When you start to look around, it’s easy to see that most sectors now have actually started to adopt these newer payment options to facilitate online transactions. From using Apple Pay to book a holiday online at a travel site to ordering that weekend takeaway via Trustly, it’s all around us.
Popular Payment Choices For Digital Transactions
MuchBetter is a payment app which provides users with a secure digital wallet to make transactions from. Only launched in 2017, it now has more than a million customers across hundreds of markets.
Although it might have been around for a bit longer, Trustly has really grown in recent years as an option for digital payments. This platform allows users to pay directly from their bank account without the need for a card or app.
It also has zero fees when spending online! This makes it one of the most popular choices when starting a business because customers prefer having no transaction fees to pay when buying goods or services.
Offering customers the chance to order goods or pay for services online is nothing new in the business world. One thing which is new though is the influx of fresh digital payment providers in recent years that make it happen. Those we have looked at are challenging the big names in the sector like PayPal and introducing new innovations.
—TechRound does not recommend or endorse any financial or gambling advice or practices. All articles are purely informational—
