With the Internet revolutionizing our lives and the way we do many things, we have had to adapt to a new way of life. This has included how we pay for things; as more conventional payment methods can’t be used. In a digital world, physical money is no use to us, no matter what it’s worth is.
Now that most of us use our debit or credit cards to make payments, this method has worked well for us for some time. Technology continues to evolve though and we are provided with newer and more secure ways to pay for our goods.
This form of payment is more about ease of use rather than added security. The ability to just swipe your card over a reader and pay for goods up to around £30 is very convenient and saves plenty of time. With around 300 transactions every minute being made using this method it is obvious that this has become a popular way to pay.
Apple Pay is an extension of contactless payment and allows the owner of an iPhone to swipe their phone over an Apple Pay reader and make a payment. While this is dependent on the phone being an Apple device, other companies like Samsung are providing similar services through the Android operating system. With Apple being such a big company though, it is no surprise that many stores are rushing to allow this functionality to its customers.
Bitcoin is one of the newest currencies and is totally digital. With no connection to banks, and a lack of centralized organizational structure gives it a true free feel.
Its use is also anonymous so many people like the feeling of not being tracked. It is expected though that restriction will be placed on Bitcoins in the future to allow the user to be traced in some way.
PayPal is a way to pay that has been around for some time, and its connection to eBay has helped it build up a trusted reputation. If you were to try mobile bingo, you’d notice that most of the popular sites allow this payment method because of its ease of use, and at this time of all new payment methods, this is probably one of the most popular.