When it comes to buying online, it is definitely fast and easy to do. With just a click of your mouse or a tap on your smart phone, you can be on the online and shop ’till you drop. Almost everyone has already tried to buy things they want and need on the Internet, since there are plenty of online shopping sites available. Even in social networking sites, there are people setting up their online business there so that their friends can also see it immediately.
These online shopping sites became a hit not because people are tired of going outside and go around the mall shopping. It is because most people are busy working or have spare time shopping for their needs. These shopping sites already have everything! There are sites for gadgets and other electronic devices, beauty products, clothes, shoes, and even food. They work by posting pictures of their items with specific details, and all you have to do is pick up your choice of items confirm it with some of your personal information for delivery purposes and payment.
But How Do You Pay?
By this time, you should know how you will pay for your transaction. In the sites you have visited, there are list of payments available at the bottom. You can either use your credit cards, have an account on online payment service providers or walk-in through banks to deposit your payment. But as much as possible, customers are into paying through online payment providers and using credit cards.
Online payment services providers are trusted and proven by most people. They are service providers that help online marketers that accepts payments electronically by handling transactions for both customers and entrepreneurs. As mentioned earlier, they have payment systems that will be transacted using credit cards or bank transfers. They also make sure that they do not expose any information, especially if they also handle international transactions, to ensure safety and make their clients be comfortable with them.
One of the examples of online payment service providers is Skrill (formerly known as Moneybookers). They allow safe payment online globally using known credit card like Visa, American Express and MasterCard. It originated in United Kingdom in 2001, with 2 million people registered to them. And in 2008, they began to operate around the world, which gained them 5.5 million accounts.
Another service provider is WePay. It originated in the United States in 2008. Although, they only give services to platform businesses such as crowd funding (includes collection of funds to bankers) sites, marketplaces and small business software.
PayPal is one of the most popular online payment service providers worldwide. It was made during the first quarter of year 2000. It makes international payments and money transfers easier online. It also serves as an alternative when paying with cheques and money orders. They are popular in online shops, auction sites, and other commercial users with additional fee. Since it is known around the world, making an account in PayPal might be easier to reach other countries.
eWay, on the other hand, was founded in 1998 and launched its website in 2000. Earlier, it was only connected with all Australian banks, and little by little, expanded its territory by partnering to major New Zealand banks and also to United Kingdom, specifically to London and Auckland. Today, they have about 15,000 clients globally. They have some currencies available and accepts major credit cards, such as American Express and Diners Club.
Amazon Payments is owned by Amazon.com. It was founded in 2007, where clients of Amazon.com can use these payment service provider so that its focus is only for the site. Even though it is based in the United States, other customers can still order and pay using either Visa or MasterCard.
These are only some of online payment service providers internationally. Even though they differ on where they focus, they ultimately have the same goal: to take care of your payments safely and make financial transactions hassle-free on your part.