Cash is not the only mode of payment and in the 21st century, there are many forms of electronic online payments that are very popular with people all over the world. As people become more used to secure payments through online payment options, these methods of payment are becoming increasingly popular as it is more convenient to pay through popular online payment options available in the market. Individuals and businesses both rely on online payment for easy, convenient and fast methods of payment. The following are some of the online payment options for secure payment popular with people all over the world:
Most Popular Payment Options
Most financial institutions and banks have secure online portals and website. Clients and bank customers with bank accounts can perform online transactions directly through the bank. Most of these institutions offer direct banking services for their clients and also offer retail banking options to the clients. Online banking also includes debit and credit cards. Banks provide a pin number with credit and debit cards. Entering credit or debit card information, security codes and shopping on online shopping sites is another popular online payment.
Direct online bank transfer is another way in which online payments are made these days. This is a popular method of payment. Bank transfer directly online from one account to another account without any cheques or bank credit or debit cards but directly through bank transfer sites are a smart choice. Bank transfers online are a secure and fast way to send money. A person can just get the bank account details of the receiver and directly transfer money into the receiver’s accounts.
There are many mobile payment apps that are available for making different types of online payments. Mobile payment apps are used by many people all over the world to buy a large number of goods and services. These apps either are linked to bank accounts or they consolidate the payments into the monthly phone bills. There are a lot of discounts and offers made by these apps to get people to use their online payment app.
Electronic Cheques and ACH
An electronic cheque or e-cheque is “written” online and is “given” to the payee electronically through online channels. All the processes thereafter are the same as a regular paper cheque and this is a convenient form of online payment. ACH is Automated Clearing House which is a network that coordinates electronic payments and online payment transfer is another method of online payment.
The above mentioned online payment options are used by millions of people all over the world every day. There are many different types of online payment options which are very secure for users and these methods are easy ways to conveniently make payments in a fast and secure way.
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