It seems like the days of department stores are slowly coming to an end as more and more people shop online. And when you think about it, it makes a lot of sense. Online shopping gives you an opportunity to browse more stuff which makes finding that perfect product a lot easier. Not only that but you don’t have to get in your car and drive to a shopping mall. Instead, you have the products you opted for delivered at your doorstep. But how exactly do people pay when shopping online? Here are our top 5 picks for the most popular online payment methods.
One of the most popular online payment systems at the moment is Google Wallet. The reason why so many people are using it is safety. There’s no need to say that Google is one of the biggest companies of today and they’ve made it 100% safe for people to use their wallet. So, if you opt for this online payment method, you won’t never have to worry about your identity and money being stolen. What seems to be popular right now as well are coupons you can use if you have a Google Wallet. This feature gives you a chance to pick up some awesome stuff at a discount price.
Right now, most online merchants accept PayPal as a method of payment. This is mostly because by the end of 2018, there were about 254 million active PayPal customer accounts and as things stand right now, this number is only going to increase in the future. Just like with Google Wallet, you can rely on PayPal to keep your money and data absolutely safe. Another big advantage of using PayPal is that you can connect your account to multiple credit cards and bank accounts. It’s also important to mention that using PayPal is absolutely free, meaning that there are no annual membership fees and processing fees.
We’ve all heard so much about cryptocurrencies like Bitcoin and Litecoin in the last few years. Even though it’s still early days for cryptocurrency, it seems like the number of people using it to shop online is growing at a rapid pace. Certainly one of the biggest benefits of using cryptocurrency is that it’s a borderless means of transferring money. You can send Bitcoin to anyone in the world and there will be no waiting and international fees involved. While cryptocurrency is easy to use, learning more about it before you actually start shopping with it is a good idea. We recommend taking a look at fun facts about cryptocurrency you didn’t know about.
If you use Amazon on a regular basis, making online payments through Amazon Pay makes a lot of sense. Amazon Pay system is constantly growing and you can now use it even when shopping at third-party websites. Also, most people who sell stuff online already have an Amazon account and they’re information has already been store. So, all you need to do is transfer them money and they’ll ship you the stuff you’ve bought. While Amazon Pay isn’t as popular as PayPal at the moment, it’s starting to gain more and more attention and is now available in 10 countries all around the world.
An online payment tool that has been left in the shadow over the last couple of years is Payoneer. However, Payoneer now attracts a lot of people, mostly those who buy or sell items in China. Still, many US-based companies now accept and make payments using this tool, and it seems like their number is going to increase in the future. As if that’s not enough, you can actually get free money by signing up to Payoneer. All you need to do is create your account and once you receive more than $100 from a Payoneer-verified company, you’ll get your free $25. We should also mention that you don’t need a bank account in order to sign up.
The number of people shopping online is only going to increase in the next couple of years and as a result, all the online payment methods will grow as well. If you shop online or plan to do it in the future, opting for one of the 5 methods we talked about earlier is your safest bet.
Author Bio :
Jessie Connor is a passionate writer and researcher from Brisbane, contributor at several business and lifestyle blogs, hooked on yoga and healthy living. She loves to spend her free time travelling, reading and of course – shopping!