Most Popular Online Payment Methods

Which are the most popular payment methods in 2022?

There are many new payment methods on the market. With globalization and digitalization taking a big leap in the past years, especially due to the pandemic, many new payment methods became available.

Some of the latest online payment methods

Some of the most popular and new payment methods available on the market are:

• CryptoCurrency
• PayPay
• ecoPayz
• VenusPoint
• iWallet
• STICPAY
• MuchBetter
• Jeton
• AstroPay
• Sumopay

Sumopay

Sumopay is perhaps the perfect solution for international ecommerce companies targeting sales in Japan, S. Korea, and Southeast Asia. Sumopay is very popular among online casino players as it’s a fast and safe deposit and withdrawal method. This article explains how Sumopay can be used at different online casinos.

VenusPoint

VenusPoint is another new online payment solution where you can register in just under 2 minutes and start using it immediately. Moreover, VenusPoint option provides added value as the more you use it, the more money you will get via their points system.

CryptoCurrency

The Crypto payment gateway undoubtedly has some advantages: Digital assets lower consumers’ costs, making goods and services cheaper for end users. Such payments are accessible worldwide regardless of the country the customer lives in. While we are talking about crypto payments, there are no limits per transaction. These payments are safe as end users have no option to cancel a transaction. Customers and business owners avoid contact with third parties, such as banks and other institutions. Therefore, such a solution can take your business to new peaks and usher in the new financial era.

Bitcoin

One of the most popular cryptocurrencies is bitcoin. When buying via bitcoin, transactions take place without an intermediary such as a bank. You can pay with it anywhere in the world. So no sensitive personal information is needed for payments with cryptocurrencies. In this way, people are better protected against losses and fraud. For example, there is no one who can get hold of the credit card details of your customer when making a bitcoin payment via a webshop.

Conclusion

As many new payment options emerge, it’s important to analyse each one of them before you register to any of these services. Most of the details can be found in the terms and conditions of each payment gateway. Having said that, the new payments systems offer quite some advantages as they offer quite some interesting offers to gain new market share from their competitors. So, while being careful what payments systems you opt for, do not get caught up in the comfort zone of the old traditional banking systems as you might be missing on quite some lower fees. 

Photo by Christine Roy on Unsplash