The Most Popular Online Payment Methods In The UK
E-commerce has revolutionized the way we shop by helping us save money and time. that much we all know. But it has also revolutionized the way we pay. For many years cash was the king for UK shoppers. But now it's the electronic methods that the people of UK use for their online, as well as offline money spending.
Here are the payment methods UK online shoppers love using
Credit and Debit Cards
A report published by UK Finance, the trade body for the UK banking and financial services sector revealed that debit cards are now more widely used than cash (both online and offline). They were used 13.2 billion times on 2017 and the number just keeps growing. Visa and Mastercard are the most popular debit and credit card issuers. Credit and debit cards are the easiest online payment method because people are already used to using their cards and don't have to open a new account for their online spending.
E-wallets
E-wallets are another popular payment method for online spending. Although usually they can only be used online, they are extremely safe and convenient, which makes them the go to payment method for the more avid online users. The main advantage they offer is that you don't have to reveal your bank account or credit card details with every transaction but only once when you open your e-wallet account.
The most famous, popular and widespread e-wallet is Paypal. It's been active for 20 years and is available in around 200 countries and regions. One of the things that Paypal takes special pride in is their security. They use advanced encryption and monitor users transactions around the clock. They also take special measures to ensure that websites and services which use their service are reliable and safe. A good example for this policy can be found in the popular online casinos industry. To offer Paypal as a payment method, online casinos have to go through a special approval process. This ensures that Paypal casinos are safe and secure to use with Paypal payments.
Other popular e-wallets are Neteller and Skrill. Both options are safe, secure and easy to use. Basically it's a matter of which e-wallet is easier for you to use and makes you feel more comfortable.
Amazon Pay
The giant online retailer doesn't stop innovating and inventing new methods to help us spend money. Amazon Pay lets you use the payment methods already linked to your Amazon account to make payments to other websites and services. For obvious reasons it's mainly popular with Amazon existing users but as the Amazon user base continues to grow so will Amazon Pay.
