Do you own an online retail business? You must agree that a payment method is among the things you must consider. Your customers need a safe, reliable, and accessible payment method to make purchases from your store.
Customers are becoming confident with online shopping and payment methods. Advancement in technology and payment revolutions have made online transactions effortless and more efficient. Over the past few years, payment systems have grown efficient and secure, attracting entrepreneurs and customers alike. Different eWallets have emerged each promising more benefits than the other. Here are some of the eWallets dominating the online retail market.
Launched in 2015, Google Pay allows users to pay for goods and services from their Android devices. It is fast, secure, and customers can use the app, web, or Google for easy checkouts. To use this method, you will need an Android watch, phone, or tablet. It is accessible in 28 nations worldwide.
Customers can use Google Pay to manage their information, pay their utility bills, or see their transaction history, among many other tasks. It is secure, allows multiple payment options, offers users rewards and cashback, and doesn’t require additional charges to use it.
Paysafe is a payment service provider that was formed in 2015 after a merger of various big eWallet corporations. It offers customers secure and straightforward payments when transacting online. Paysafe is among the most prominent digital wallet companies and owns Skrill, Paysafecard, and Neteller.
Since its inception, Paysafe has become one of the most favorite eWallets in New Zealand, especially in the online casino industry. It has become the standard payment method for bettors playing real money online pokies in NZ. Due to its popularity, it is common to find numerous Paysafe online pokies at casinos that accept Kiwis. Some of the advantages of using Paysafe include safety, reliability, and fast transactions.
The Apple Pay developers designed it for Apple device users looking for a reliable digital wallet. It allows them to make secure purchases using the app or on the web. Apple is a leading company which is expected to take the top position in the eWallet market in the coming years. Customers can send or receive money to using messages or by asking Siri. They consider using Apple Pay easier and safer than debit/credit cards.
Numerous benefits are associated with Apple Pay, including contactless payments, it doesn’t store or share card details with sellers, and it is safe and secure.
if you are looking for a platform that offers top privacy. With a single click, users can sign up for an ecoPayz account and enjoy all its advantages. The process is straightforward and fast as it involves a few steps.
ecoPayz comes with reasonable rates and no maintenance cost as long as it remains active. It comes with various deposit and payment methods, including Visa/MasterCard, bank transfer, and vouchers, among others. ecoPayz is also popular at online casinos due to its fast, safe, and reliable transactions.
Samsun Pay has accumulated millions of users over the past years. It offers customers various financial transactions, including checking their credit scores, personal loans, or getting a credit card. As it continues to grow in popularity, more merchants are listing Samsung Pay among their payment options’ list.
Apart from using this method to make payments, users get reward points for each transaction. They can opt for the voucher listed under the redemption catalogue once you want to use your collected points. Unlike most eWallets, Samsung Pay comes with three stages of security to ensure that no third-party can access the customers’ money and that all their transactions remain highly secured.
Digital Wallets Are the Future of Online Payments
Digital wallets offer users convenience at its best. Whether you wish to receive or deposit money or purchase something, it only takes a few moments. Since no intermediaries are involved, the transaction cost is significantly reduced.
They help sellers improve their revenue and increase their growth as more people are looking for businesses offering fast and secure online payment methods. With all the advantages eWallets offer customers, they are going to be used in almost all online stores.
This article does not necessarily reflect the opinions of the editors or management of EconoTimes