Is It Important Your Business Accepts Different Types of Payment Methods
Providing secure, reliable and convenient online payment options on your website to allow your customers to pay for goods or services is extremely important. To satisfy as many customers as possible, it’s essential that your business accepts a variety of trusted and proven online payment options.
Paying for goods and services online
There are many ways to pay for goods and services online, and if you run a business that sells either, then you need to make sure that your customers have plenty of different payment options to choose from. Don’t forget, what might work for you as a payment method may not work so well for other people, which is why you should have plenty of choices.
For example, you might prefer using a credit or debit card to pay for things, and someone else might prefer not to enter their credit or debit card details at a website’s cashier when they pay for things online. You can now find plenty of other secure payment options apart from the traditional methods, such as credit & debit cards. Some of these payment methods are known as APMs (Alternative Payment Methods).
Top online payment methods revealed
Depending on which device you are using and which country you are based in will sometimes determine exactly which online payment solutions you will have access to and will be able to use. Also, don’t forget that some websites will accept more payment methods than others. Some of the most common ways to pay for things online today are:
- Credit and debit cards, such as Visa, Visa Electron, Solo, Swift, American Express, Diners Club, Maestro, and MasterCard
- Digital wallets (aka web wallets, e-wallets, or electronic wallets), such as PayPal, Google Wallet, Amazon Pay, Skrill, NETELLER, Apple Pay, Samsung Pay
- Prepaid cards, such as Paysafecard
- Direct/instant bank transfers
- Cryptocurrencies
Depending on the type of customer will also sometimes determine which payment methods or APMs your business would be best accepting. For example, if you take fully licensed online gambling sites, such as poker sites, online casinos, and sports betting sites, you will find that there are several very popular casino payment methods to choose from, including many of the APMs mentioned above.
UK-licensed online casinos, for example, are not legally permitted to let UK players deposit or withdraw using credit cards. Instead, players have to use an alternative payment method instead, which could mean depositing and withdrawing with their debit card or preferred digital wallet. Here are some of the other perfectly secure online payment methods that are now widely accepted at online casinos and other similar licensed gambling sites:
- Abaqoos
- Apple Pay
- Astro Pay Card
- Binance Coin
- Bitcoin
- BOKU
- Click and Buy
- Cryptopay
- Dash
- Dogecoin
- EasyEFT
- ECard
- EcoPayz
- Entropay
- Ethereum
- Euteller
- iDeal
- Instadebit
- Interac
- JCB
- Jeton
- Klarna
- Neosurf
- Paytm
- POLi
- Sofort
- Stellar
- Trustly
- Ukash
- WebMoney
- Zimpler
There are literally too many other APMs to list individually here. These are some of the most commonly accepted payment options at online casinos and other similar gambling sites. As you can see from this list, there are lots to choose from. As a business owner, you must consider who your customers are and carry out basic research into which payment methods your target audience/demographic prefers to use.
It would be silly to have just one or two payment methods accepted on your business’s website, plus it would also be silly to have too many choices. You may want to try and provide a mixture of the main APMs mentioned above. In other words, your business might want to accept several major digital wallets, such as Apple Pay, Samsung Pay, Google Wallet, PayPal, Skrill or NETELLER.
It would also be a good idea to accept most major credit and debit cards too, which a lot of people still prefer to use over digital wallets. You need to try and find a balance to cater to as many people as possible.
Are these payment options secure?
Yes. All of the above payment methods are perfectly secure, so you don’t have to worry about anything when paying for goods or services when using any of these trusted and tested methods.
You must be aware that your website should also be protected by Secure Socket Layer (SSL) encryption technology. It constantly works around the clock to protect your customers’ personal information, banking details, and funds in safe hands.
Without SSL encryption technology protecting your website, people are more vulnerable to hackers listening in and potentially stealing any of this information. SSL encryption technology is basically an extra layer of security for both you as a business owner and your customers.