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April 09, 2019

Online Payment Methods that are Safe and Sound

Making Safe Payments Online

Our lives are becoming more fast-paced and furious than ever before. We work long hours, we commute long distances and we sleep less. What with family commitments and social occasions, there is very little time to keep on top of the daily tasks that keep our households afloat. Tasks like paying bills, buying groceries and shopping for the clothing and accessories we need for work or school are time-consuming. Luckily, the rise of safe, online payment providers has given us an opportunity to consolidate all of those tasks into one hour in front of our laptops or mobile phones. It’s no longer necessary to be physically present in order to pay a bill or buy a new dress.

Online Payments is on the Rise

It has taken a while for the general public to become comfortable with the idea of making financial transactions online. The horror stories of hacked bank accounts and identity theft have done the rounds and we’ve all had a friend, or a friend of a friend, who’s been had. However, it’s time to put those fears to bed and start exploring the options available to you because paying for things online is actually going to save you both time and money in the long run.

Safety first – Use E-Wallets

If safety is your primary concern, then consider using an e-wallet for all your online transaction. PayPal, Skrill and Neteller are all well-known and trustworthy companies that will provide you with a safe way to pay. All you need to do is set up an account with the payment provider and give them either your bank account details or your credit card details.

You do this just once and the information is encrypted in order to protect it from prying eyes. The provider then does all your financial transactions for you. You won’t have to share your financial details with any other site. As long as the site where you want to make a purchase supports your payment method, all you’ll need to do is give the email address associated with the e-wallet.

Pay on the Go

If you’re a dedicated smartphone user, you might want to consider making payments via your mobile phone bill. A company like Boku (News - Alert) will take care of the transaction for you and then add the amount to your monthly phone bill. All you need to do is input your mobile phone number. This method is fairly new, so you might not find that it is supported in every single online retail establishment.

However, the use of this method in online casinos, for example, is definitely on the rise. Players love to play jackpot slots on their mobile phones, so what better way to top up their accounts than directly from their phone. You can find plenty of info on where to play jackpots at, just be sure to check that the casino you choose has the payment method you want to use.

Cryptocurrency is Taking Over

Another payment method that is being touted as the safest way to make payments online is Bitcoin. When you make a purchase using a cryptocurrency like Bitcoin or Ethereum, you don’t have to share any of your personal or financial details online. Once you buy the currency, you store it in a wallet and then use your code (or email) to make the purchase.

Due to the fact that the value of Bitcoin tends to fluctuate quite staggeringly, it’s not possible to use it across the board. So even though it is possibly the safest method, it’s the least practical. Again, this is a good choice for online gamers because there are now a number of casinos that have fully embraced cryptocurrency as a payment method.

Traditional – but not Boring

If you tend to lean towards the traditional, then perhaps a debit card is your best bet. Using a debit card means that you have to give out your card number every single time you make a purchase.

However, if you happen to be unlucky enough to get hacked, you’ll only lose the amount you’ve put on the card. The hacker will not be able to rack up debts in the same way they would with a credit card.

We suggest that you thoroughly research every payment method available and then make your choice based on the method that best suits your needs. Happy shopping!

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