For the year 2019, the use of cards is the most preferred method for online payment by US shoppers. Over 71 percent of those who use eCommerce platforms opt to use either their debit card or credit card to pay. The popularity of debit cards has surged over the past few years with millions of consumers all over the world availing of this kind of prepaid card.
P2P transactions
The next most popular payment method by those who transact online in the US is that of an e-wallet. Over 17 percent of these consumers use a person-to-person (P2P) payment method done with the use of a mobile app. To use this method, both the sender and the receiver need to have the same P2P application. A good P2P app called Paxum has almost instant transactions. It only takes a few minutes for the transaction to reach the recipient, as long as the sender has the necessary funds in his account.
Direct debit
Direct debit from a bank account is the least preferred method of paying online. Only nearly 2 percent of online customers use this form of transaction. Though eBanking is popular nowadays, according to statistics, it is the least desired way to pay. Many of the banking institutions do provide debit and credit cards so that their customers can avail of the financial account that is needed to transact online using the most preferred payment method.
Payment gateway
The software that is used to process online payments is referred to as a payment gateway. A couple of examples of these that use such secure payment systems are e-wallets and credit card processors. There are eCommerce platforms that incorporate such payment gateways into their websites as it is the secure payment system for collecting online payments.
Get a USD or EUR debit card
If you are an online shopper and want to avail of a prepaid debit card, you might want to own one that enables you to transact using dollars or Euros. There is this money services company that has the USD or Euro prepaid debit card and it is easy to get approval when you apply online. This debit card can be funded and used to make online payments. The funds may also be withdrawn from most ATMs located globally.
For shopping online
There are internet savvy shoppers that do comparative shopping before buying. The vast reach of the Internet makes it possible to buy nearly everything from all corners of the globe. At times, you can buy directly from the manufacturer and that provides you with a lot of savings. Those who shop online do prefer debit cards as it is a safe way to pay. It is an advantage to use a debit card that can pay using the widely acceptable currencies such as dollars and Euro.
For business transactions
Making online transactions is not limited to shopping. A lot of businesses do send and receive both domestic and international funds online. If you do not have a debit card or want one that works for business transactions, such as when you need to receive funds in dollars or Euro, you can easily apply for one when you access the website of a reliable money services company.