5 Tips for Using Easy and Secure Online Payments

5 Tips for Using Easy and Secure Online Payments

These days, people are no longer unfamiliar with the term "online payments." Convenience, speed, and security are reasons why many are shifting from offline to online payments. According to a 2016 Consumer Payment Attitudes Study conducted by VISA, only 34 percent of Indonesians still use cash. The rest prefer using cards.

To better understand how online payment systems work, here are the advantages, tips, and safe online payment methods available today.

Advantages of Online Payments

1. Enhanced Transaction Security
  Theft and fraud are common occurrences in offline payments but are less likely with online payments. Online payment systems come equipped with fraud detection, providing early prevention.

2. Simpler and Faster Transactions
  What consumers desire most during transactions is for funds to be transferred quickly so they can promptly enjoy their purchases. Additionally, online payment methods are simpler and involve fewer procedures.

3. More Diverse Payment Methods
  There are various online payment methods available, including e-wallets, e-money, credit cards, debit cards, QR codes, and virtual accounts. Consumers can choose a payment method that suits their preferences.

4. Expanded Business Reach
  To continually increase sales, businesses need to offer various payment methods. Providing online payment options enables businesses to reach a wider audience without the need for face-to-face transactions.

5. Unlimited Transaction Services
  One of the most advantageous aspects of online payments is that consumers can make transactions repeatedly within short time intervals. This is particularly enjoyable for consumers who enjoy shopping.

Online Payment Tips

1. Use Secure Payment Methods
  Nearly all available online payment methods offer good security guarantees. However, which one is the safest? It depends on customer preferences, but all these systems help protect against theft and fraud.

2. Keep Transaction Records
  After completing a transaction, it's advisable for both businesses and consumers to keep transaction records. These records can usually be accessed through the service provider's application or email.

3. Scrutinize Products Carefully
  Don't be easily swayed by product descriptions offering low prices. Consumers need to carefully check products, comparing them with competitors and checking customer testimonials.

4. Choose Trustworthy Online Stores
  Before making a purchase, it's essential to check the online store's reviews to ensure its credibility. Check customer testimonials and whether the prices offered align with the product quality. After thorough checks, proceed with the transaction.

Types of Online Payment Methods

There are several types of online payment methods commonly used by consumers in Indonesia:

1. Credit Cards
  Credit card options have long been offered by many merchants and contemporary marketplaces. One of the conveniences of using a credit card is that verification is unnecessary as payments are automatically processed. Moreover, credit cards often offer attractive promotions, especially regarding installments.

2. Virtual Accounts
  In addition to credit cards, virtual accounts are a popular payment method among today's consumers. Payments can be made by entering the VA number provided by the seller. The name and payment amount will then appear. If everything is correct, the payment can be processed, and if a checkmark appears, the transaction is complete.

3. E-Wallets
  E-wallets, also known as digital wallets, are one of the online payment methods gaining popularity among today's consumers. Users simply need to top up their balance in each digital wallet service. Examples of digital wallets include GoPay, OVO, and LinkAja.

4. Debit Cards
  Surprisingly, the most frequently used of the above three payment methods is debit cards. When consumers shop at offline stores, for example, they only need to present their debit cards, which then become the transaction tool. The balance decreases with the amount of the consumer's purchase.

After understanding the advantages, tips, and various online payment methods, you can leverage them in your business. To further business growth, use payment methods that align with customer preferences. Brick can assist you in accepting various payment methods and processing them automatically. ***

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