3 min read

November 7, 2022

5 Online Payment Methods that are Safe and Reliable

The internet has changed the face of modern commerce. Businesses can now reach customers worldwide and take payment from them. Customers can purchase their favourite brands from anywhere in the world using online methods of payment, thanks to the internet. 

The internet has many positive aspects, but there's also a dark side—security breaches. Each time you make an online payment, there's a small chance that hackers or thieves might steal your bank or payment information. There is a risk, however, that your card details could be intercepted and used to make fraudulent payments. To combat this, always use the most secure methods of online payments.

5 Online Payment Methods that are Safe and Reliable  Report-min

Table of Contents


Here are the five online payment methods that are the most secure.

1.  Credit Cards

A credit card may be the best choice for your online transactions, including your shopping. Credit cards provide a convenient way of making payments and are also secure. Credit cards are one of the most commonly used forms of payment. They have a strong fraud protection feature, so you don’t have to worry about unauthorized charges. If you do happen to make a mistake with your purchase, it’s easy to reverse the funds.

Whenever you use your credit card to transact online, the bank doesn't immediately deduct the money from your account. Instead, it pays for the goods or services on your behalf and you pay later. That's why if you notice any suspicious activity, informing your credit card issuer is an effective way to stop any further fraud.

To pay securely using your credit card, make sure the site is secure. Check out VPN review sites to find out the best VPNs to use while browsing on such sites. Ensure that the site has security features, like “https:” in the URL and a small lock icon at the top left-hand corner.

2. Debit Cards

Another way to make online payments without risk of fraud is to use a debit card. Debit cards are one of the best online payment methods as the funds are taken directly from your bank account. If you use a debit card, you won't have to worry about racking up debt because you can only spend what's in your bank account! An extra feature of debit cards that helps protect against credit-card fraud is the "zero liability" protection. 

Debit cards make online transactions easier and more convenient since you don't need to provide your debit card details every time. This helps prevent fraud since your issuer can monitor any suspicious activities and stop them before they result in actual financial loss. One-time passwords are used when using debit cards to verify your identity before you make a purchase. You receive these passwords through text messages or emails on your mobile device.


3. Alternative Payment Services

Third-party payment services like PayPal have become increasingly popular as a way to pay for things online. PayPal is probably the most popular one, both for its reliability and security. Other payment services include Google Wallet, Payoneer, Skrill, XanPay and so on. These online methods of payment are secure because users never share private information with the other parties involved. 

Once payment is made by one party, the other party receives it within a short time. Further, these payment services are regarded as secure because they have a “buyer protection” feature. This makes them almost as safe as credit cards when you purchase goods or services and do not receive them so that you don’t get swindled. One such online payment gateway singapore is XanPay. It helps you accept payments in 15 Asian markets and you can easily integrate with 100+ payment methods. 


4. Gift Cards

Gift cards are similar to prepaid cards, except that they are usually offered by retailers and, more recently, by major credit card providers such as Visa, Mastercard and American Express. A gift card is a prepaid card that you can give to someone as a present. A closed-loop card can only be used at one particular store; however, many retailers allow their gift cards to be used at other affiliated stores.

Unlike prepaid cards, which can be ‘reloaded’ with funds again and again, gift cards can only be used for one purchase and cannot be reloaded. Gift cards can help you to promote your brand and bring in new customers around key retail dates such as Christmas or Mother’s Day. It is one of the trusted online payment methods for small business.


5. 'Buy Now Pay Later' instant financing

The term ‘buy now pay later’ refers to interest-free credit providers such as Afterpay and Klarna. These platforms allow customers to spread the cost of their purchases, or pay for them at a later date. These interest-free platforms could help online sellers as they remove one of the biggest barriers to closing a sale – insufficient funds – meaning that your customers can essentially spend money they don’t yet have. In addition, most ‘buy now pay later’ providers will charge the retailer a fee per transaction, so you should consider this before deciding if it would be an appropriate payment option for your business.


Final Take

Online trade has been with us for some time now. It is, therefore, important that we use only secure methods when making payments to ensure safety of our card details. Using insecure methods may, in the end, lead to loss of cash through fraudsters, who are always lurking on the internet. Settling on any of the payment methods outlined above will ensure you security whenever you are transacting.

If you are looking for a safe and secure online payment method then XanPay is perfect for you! 

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