Top 5 Best Credit Card Alternatives for Online Payments

Top 5 Best Credit Card Alternatives for Online Payments

Credit card is popular but far from a universally satisfactory solution and everyone in the world is using credit cards. Credit Card fraud is so common that people are also using alternative cards for online payments on various sites.

Best Credit Card Alternatives for Online Payments

If you think the website is not safe to share your credit card details, here are the best alternatives to using credit cards for online payments. Transfers via an electronic way are quite normal and have become the most practical and secure alternative solution.

1. PayPal Credit Card

PayPal is both a payment portal and an electronic wallet. The platform allows you to store funds or use your credit card without providing banking information.

By doing this, you can ensure the security of your transactions and speed up their processing when funds are stored in the virtual wallet.

That said, this solution remains almost completely credit card backed. Some of the same obstacles and drawbacks are card-backed transfers to PayPal.

2. Interac

Interac is an extremely convenient solution that continues to grow in popularity. It is a payment platform that integrates seamlessly with existing banking services.

In other words, Interac processes transfer by creating a secure channel between the customer’s bank and the seller’s site.

Payment authorizations are therefore punctual, highly secure and processed in a very y short period.

What’s more, this deep integration allows transactions to be less expensive than other alternatives to the credit card!

This solution is widely used in particular in the world of gambling and online casinos. For this industry, which must find harmony between speed of transactions, simplicity, reliability, and security, that manages to tick all the boxes. However, this is not the only alternative solution offered to the credit card.

3. Paysafecard Blue Card

While confidential credit card information grants the merchant indefinite access, Paysafecard does not deliver any sensitive information.

Indeed, this alternative solely adopts the same model as the scratch cards to make payments.

You buy a card of a determined value and then use it to make payments to online services and compatible e-commercials for a Paysafecard of 10, 25, 50, or even 100 €.

The implementation of this solution becomes painful for recurring or multiple transactions.

4. The Electronic Check (E-check)

As the name suggests, the e-check electronic check is a digital version of the check. It is therefore a payment authorization issued by the buyer fo,r the benefit of the merchant.

For a transaction carried out online, it is therefore the respective banks that are put in touch. Th,e security and reliability of the payment are therefore guaranteed. The only big downside is the long processing time for each electronic check.

5. Cryptocurrencies

Cryptocurrencies are among the most revolutionary payment solutions of recent decades. Unfortunately, they are plagued by too many problems to be adopted as a one-size-fits-all solution.

First, the value of these virtual currencies sometimes fluctuates too much to interest some traders. Then, despite its secure nature, fraud is not so rare and the means of redress are almost non-existent.

It is, therefore, a means of payment reserved for the most. Therefore, It is those who wish to preserve absolute secrecy about their actions.

Also Read: Best International Money Transfer Apps

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