Online Payments

The Current Landscape of Online Payments

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The Current Landscape of Online Payments

If you haven’t noticed, you are currently living in an era or online retail. It seems like more and more consumers are going online these days to purchase goods and services. And, what not? You can literally buy just about anything you want online these days. Need to do some car shopping? Why not do it online? Heck, you can even buy your groceries online and have them shipped directly to your home.

There is simply no denying that shopping hasn’t changed over the years. There is also no denying that paying for these products and services hasn’t changed as well.

Quick Online Quotes 

One of the best things about online shopping is that it is quick, easy, and more convenient than ever. Not only can you quickly browse through tons of different providers, but you can get price quotes right over the Internet. Whether you are looking to buy a car, home, or a watch, you quickly and easily get quotes right over the Internet. This was something that wasn’t possible to long ago. Fortunately, that is no longer the case. Thanks to technology and Internet capabilities, consumers can now quickly and easily get quotes online for a variety of services and products.

Visa And Mastercard 

Visa and Mastercard have always dominated the market when it comes to payments. In fact, these cards account for almost half on online payments. This is especially true in the United States. With a staggering 73% of payments coming from these sources it is easier than ever to see why people are opting for these type of payment plans. They are established, they have proven methods that actually work, they are fairly secure, and most vendors accept these payment options. Everyone from agen sbobet to Amazon accepts Visa and Mastercard.

Security Greatly Improved 

There is a good chance that you have at least heard one or two horror stories about online shopping. Maybe you even have a friend or family member that has been taken advantage of. Whatever the situation is, there was once a time when online shopping was rather risky. It is still somewhat risky due to the increasing sophistication of hackers and scammers.

Online casinos and other sites that hold personal and billing information are like vaults just sitting there for the taking. In the past, even an average hacker or scammer could have easily gained access to this information. Thanks to the advancement in security and encryption that is no longer the case. Some sites these days are virtually impossible to penetrate.

E-Wallets Are Growing 

Visa and Mastercard might still be two of the biggest payment providers out there, but e-wallets like PayPal are quickly gaining momentum. PayPal accounts for right around 14 per cent of payments in the US and 38 per cent in the UK. The unique thing about PayPal is that they are connected directly to your bank account, which means that you do not even need to own a credit card. In addition to this, taking advantage of e-wallets further enhances security because the seller doesn’t gain access to your bank account or credit card numbers.

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Suman Chaudhary
An engineer by education and writer by profession, Suman keeps tab on startup ecosystem of India and leads the research team of IndiaWeb2 for covering funding deals, merger & acquisition and market reports.

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