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Best options for digital payments

In this article, we will tell you about the advantages of digital payments and compare the two payment methods which are mostly used. - Published by Kunal Chowdhury on .

Cashless payments are becoming more and more popular. Nevertheless, there are still enough people who fear that personal information can be misused and transactions might go wrong. Security is always a key factor in payments. In this article, we will tell you about the advantages of digital payments and compare the two payment methods which are mostly used, namely PayPal and credit card.


Best options for digital payments


Advantages of digital payments

Digital payments are faster than searching for one's change in the store. Accordingly, more customers can be served in the same amount of time which is convenient both for clients and merchants. Furthermore, it is more hygienic than passing coins and bills that have already been in millions of hands. This is especially practical in the food industry where hygiene is particularly important.


Furthermore, in addition to payment information, marketing information such as discounts can be communicated more easily and taken into account during payments as well. For online retailers, it is still very advantageous being able to use locating-based services through online payments. The availability of all digital customer data also allows data mining.



For customers, on the other hand, it is practical to have a better overview of purchases through online transactions. Lists of recent actions in a digital wallet or the confirmation e-mail when payment is received are much easier to handle than numerous receipts which get lost quickly. This also makes returns and exchanges simpler. Thus, there are several advantages for customers and merchants.



PayPal is considered one of the most popular digital payment systems and is now accepted worldwide and in nearly all stores and industries. To use the payment provider, an account is opened with PayPal which is linked to the bank data. When paying with PayPal, only the email address and password for the account are required and the payment process is significantly accelerated.


The payment page is secured and after the end of the payment, the desired item is shipped immediately without the merchant being able to see one’s bank details. Accordingly, PayPal acts as an intermediary between the buyer and the merchant. If problems arise with the purchase, for example when the paid item does not arrive, customers can turn to PayPal buyer protection to describe their problem and reclaim the money. PayPal’s website not only runs on the well-known https encryption, but also encrypts its own data to keep it secretly.



In addition, PayPal checks whether one is actually the rightful owner of the bank account when opening a user account and provides further optional security settings. TÜV Saarland has tested PayPal and declared it to be a secure online payment method. Basically, a virus scanner is always recommended to protect the computer from spyware that could intercept sensitive data during digital payments. PayPal is also a popular means of payment for online casinos.


In addition to its high security, another advantage is that the provider allows deposits and withdrawals, so there is no need to set up a second means of payment. Those who want to try this out immediately can find safe online casinos with just one click via free comparison portals such as VegasSlotsOnline which also have exciting bonus offers and an extensive game selection. There you will find everything sorted by ratings and bonus offers.


Credit card

Another popular means of payment for the digital sector is the credit card. It must be ordered by one’s bank and is linked to the bank account just like the normal debit card. For online payments, the following information is required: the credit card number, the expiration date and the card verification number. Generally, when using a credit card, the customer has buyer protection in most cases which means that you can get your money back if the service paid for was not provided.



Once all the data has been entered, the payment can be completed. In some cases, however, the buyer is then faced with a second security procedure: verification via the so-called 3D secure procedure. The bank itself decides whether this procedure is used for online payment. The 3D secure procedure is a further security level for digital payments. In this case, the buyer is usually redirected to the Visa or Mastercard website.


An additional password is set which in a way represents a PIN for internet purchases and will be requested for every online payment in order to increase security. More ideas how to prevent hacking can be found on our blog.


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