Purchasing goods and services across the internet on your favourite websites is now easier than ever, thanks to the world’s best online payment processing companies.
Leading online payment gateways have enabled us to pay for items at the virtual checkout on websites in a matter of seconds using any modern Wi-Fi/internet-connected desktop computer, smartphone, tablet, or laptop computer.
Let’s dive straight in to reveal the names of three universal online payment methods that are more widely used across the planet than any others and look at why people prefer using them when paying for things online.
What are the most commonly used online payment methods?
There are many different ways to pay for things online today, and some are cheaper, more convenient, reliable, user-friendly, and widely accepted than others.
The main online payment solutions today that people can use to pay for goods and services on hundreds of thousands of eCommerce websites are the following:
- Credit cards
- Debit cards
- Mobile wallets (available on certain devices only)
- eWallets (aka electronic wallets, web wallets or digital wallets)
- Prepaid cards (aka prepaid vouchers, gift vouchers)
- Buy Now Pay Later (BNPL)
- Bank transfers (direct/instant)
- App payments
- eChecks (aka Electronic Checks or eCheques)
- Cryptocurrency/blockchain payments
- Cash on delivery/money couriers
Some eCommerce websites may only accept one to three different payment methods, and others may accept twenty or more. Also, depending on where in the world you are will often determine which online payment methods you will have access to at the checkout.
For example, some of today’s most trusted iGaming sites that offer real money gambling worldwide at Casinos.com tend to accept a wide range of payments to cater to players living in specific regions.
In other words, players in the United Kingdom have different payment methods available to those in Ireland, Canada, New Zealand, and the United States.
US players can use different online payment methods than Canadian players. New Zealand players can use different online payment methods to players in Ireland, and so on. For example, if you live in New Zealand, you can use POLi, which isn’t available to players in other regions.
Some Canadian players prefer using Interac, which isn’t available for players in other countries. US players might be able to use Bitcoin to deposit and withdraw, which UK players can’t use at UK-licensed online casinos, and so on.
Are there any universal online payment methods that most sites accept more than others?
Yes. There are a handful of universal online payment methods that you will find at the checkouts on most websites. For example, many online casinos have trusted online payment solutions that players from the UK, US, Ireland, New Zealand, and Canada can use.
The top 3 universal payment methods accepted on more iGaming sites and other eCommerce websites than any others in 2024 are the following trusted globally renowned brands:
- Visa (credit and debit cards)
- Mastercard (credit and debit cards)
- PayPal (eWallet/digital wallet)
In other words, no matter where you are in the world, you can usually find a decent number of fully licensed and regulated iGaming sites that accept Visa, Mastercard, and PayPal.
Apple Pay is another popular online payment method that is now commonly accepted at the checkouts of millions of websites.
Others include Skrill, Neteller, Trustly, Paysafecard, Bitcoin, Litecoin, Ethereum, Payz (formerly ecoPayz), AstroPay, Jeton, MuchBetter, Venmo, Maestro, Google Pay, and Revolut, to name just a few.
Before signing up anywhere or attempting to purchase goods or services from that website, you might want to start by seeing if your preferred payment method is accepted.
There’s nothing worse than getting to the checkout with a full basket of items, or signing up to an online casino and then heading to the cashier to make your first deposit, only to find out they don’t accept your preferred payment method.
Things to consider before choosing which online payment method to use
When choosing which online payment method to use, there are many things to consider. The most important thing to consider is safety and security. For example, is the payment method you wish to use a globally recognised brand or one that nobody has ever heard of?
Also, if you’re going to be using a payment method to deposit and withdraw at online casinos or sports betting sites, you want to make sure it’s known for processing rapid transactions. You don’t want to wait around for your deposits to arrive or for your winnings to be processed.
Other things to consider apart from security and how quickly it can process transactions are how easy that payment method is to use, accessibility and device/web browser compatibility, charges, and customer experience/feedback.
Final thoughts
The best thing to do would be to sign up to use several online payment methods, so when you get to the checkout, you can at least choose from several payment methods.
iGaming sites and most eCommerce websites today try to cater to a wide range of consumers by accepting numerous online payment methods, but the three most commonly accepted in 2024 are Visa, Mastercard, and PayPal, so perhaps make sure you have one or all three of these options ready to use before any others.
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