The Safest Way To Pay Online

Since the advent of the internet and advanced online payment, businesses now have an easier way of connecting with their customers, and people can now shop from their favorite websites from anywhere in the world. But with this ease comes the concern of online security. 

Each time you make an online payment, there is a small element of risk that hackers or thieves might secretly steal your bank account details, credit card number, contact number, etc. This can be risky if it happens, as they can use your account to make fraudulent payments to their accounts, purchase items, or even get your money. 

In this article, we’ll explore the safest way to pay online, giving you some sense of security while you shop. So whether you’re a seasoned online shopper or just starting, this is for you. 

Safe Ways To Pay Online

While online transactions offer a world of convenience, it's vital to choose a payment service that goes beyond just processing payments. Look for a provider that prioritizes a multi-layered security approach. This means they should handle your financial information with the utmost care, obeying all industry safety regulations. Here is the safest way to pay online…. 

Virtual Debit Card

Another safe way to pay online is a debit card, like the Bitnob Virtual Card. Although debit and credit cards are processed in the same way, they differ in how the account is funded. Unlike credit cards, debit cards deduct money directly from the customer’s account. 

When you enter your debit card at the payment gateway, it sends a request for approval to a payment processor, the processor relays the request to your bank (the one that issued your card). They verify your information and check for enough funds. The bank sends an approval or decline through the network. 

It’s safe to say virtual debit cards are a safer option, as you can choose to freeze or terminate your card immediately if you suspect any fraudulent activities. 

Bank Transfers

Another E-commerce payment method is Bank Transfers. When it comes to online shopping, online shoppers are hesitant while making payments and may want to avoid entering their credit/debit card details.

Bank transfers are considered safer because the transactions need to be approved by the customers, meaning they have to authenticate and verify each purchase from their online bank accounts. However, bank transfers can make the shopping experience much longer and slower.

Paying With Bitcoin

Bitcoin transactions aren't controlled by any single entity like a bank. This can be appealing to those who value anonymity and independence.

But what makes Bitcoin secure? Bitcoin exists exclusively on the blockchain, a shared digital ledger that’s distributed across a large number of computers. Every time a participant in the blockchain makes a transaction, it is authorized, and a block is created to represent it, which is then sent to every computer in the network. Transactions are recorded on a secure public ledger called the blockchain, making them tamper-proof.

On top of that, a Bitcoin user doesn’t need to have a credit card or bank account to make payments, which, as assets of the traditional financial system, are primary targets for cybercriminals.

Paying With Bitnob Virtual Card

The Bitnob virtual card offers a convenient and secure way to shop online. Think of it like a digital version of a credit card, specifically designed for online transactions. The Bitnob virtual card allows you to pay at millions of online stores and platforms worldwide. Whether you're buying clothes on AliExpress or subscribing to Netflix, Apple Music etc, the Bitnob card has you covered.

Are you traveling or shopping internationally? No problem! The Bitnob virtual card allows for seamless international payments, bypassing any limitations of traditional cards. Since it’s virtual, your information is stored on the App with its extra layer of security. You can also choose to fund the card with the exact amount to be spent. 

Ready to experience the ease and security of the Bitnob virtual card? Download the Bitnob app and activate your virtual card today.