The 21st century heralded the arrival of the Digital Age. In a short time, technology has given us the means not only to communicate with friends, family, and businesses across the world, but also led to a boom in online retail and service providers. Being able to buy just about anything at an online store is something we take for granted, yet there are some tips that may make your online payments easier and more secure. Let’s start by looking at payment methods.
Also, you can prefer Chip and PIN machine to securely processes card transactions by reading the embedded chip and requiring a personal identification number (PIN). It enhances security and reduces fraud in electronic payments.
Payment Methods at Online E-commerce
The various payment methods that can be used to make payments online are:
- Credit Card
- Debit Card
- Bank Transfer
- E-wallet
Each of the above can be used to make purchases, deposits, and other online payments, but which is best? Before we look at some essential tips for online payments, we want to explain why you should use an e-wallet where possible.
Why We Recommend an e-wallet
Although it may seem convenient to use a credit or debit card to make a depositor payment, it is not necessarily the most secure method. Furthermore, if you need to withdraw money to a credit or debit card – perhaps you have been sent money or won some playing online casino or other games online – it may take some time due to the terms and conditions of the card issuer.
The same is true of bank transfers; withdrawing to a bank can take a number of days depending on who you bank with. E-wallets tend to facilitate instant withdrawals – or depending on the retailer or sender within a stated number of hours – hence you will be able to take your money straight away and, should you wish, use it elsewhere.
Most e-wallets are either free to use or charge small fees, and they are certainly worth signing up to as they are among the most secure methods of making financial transactions online. A good example of an e-wallet that offers instantaneous withdrawals is PayPal. You can link a credit or debit card to PayPal and make payments securely by the card, or you can keep a deposit in your PayPal account for when you are shopping online. There are some instances where charges apply yet they are remarkably low.
It is especially recommended for online casino players to execute your deposits via an E-wallet since you will save yourself the trouble of waiting for your winning to appear in your account since all fast payouts at online casinos happen via E-wallets.
Next, we look at some tips that will help you make your transactions easier and as secure as possible.
Essential Tips for Safe and Efficient Online Transactions
The following is our handy list of tips for when making a deposit, payment, or withdrawal online. We hope you find them useful.
Avoid Public or Shared Wi-Fi Networks
Useful for playing games or chatting to friends when on the move or away from the office or home connection, public Wi-Fi is in shops, bars, cafes, hotels and more. We do not recommend you use a shared network for financial transactions. It has become more difficult to do so, but unscrupulous persons are able to get into networks and steal your personal data when you are online. Wait until you have a secure connection on a trusted network before you make a payment, a withdrawal, or even simply check your balance.
Who’s Looking Over Your Shoulder?
Even when on a secure network be aware who is around you. Try and access banks or make payments when alone without people around you. You never know who you can trust! It’s been known for criminals to simply watch people punch their password into a phone, then steal it and go shopping. Take extra care.
Never Share Bank Details
Another good reason for using an e-wallet is that you share only the address for payment when requesting money, and this works both ways. It’s by far the most secure method of making transactions online as it involves the least amount of information to be shared.
That’s our tips for paying and taking payments, so enjoy the benefits of e-commerce while remaining safe and secure.
