Popular methods of international payments

The international market becomes increasingly interconnected, as people purchase goods and services from suppliers on the other side of the world as easily, as in a shop on their street. However, this activity requires sending money over the borders, often changing between currencies. As we know, international money transfers can be quite expensive, as banks keep a chunk of the quote. In the European Union customers can use SEPA transfers to send euro between accounts; the rest of people must use alternative means of payment if they wish to save money.

Nowadays most businesses, especially the online merchants, accept payments made with credit and debit cards. While the cost of currency exchange can be a bit expensive, it’s still much lower than the cost of sending money through a bank transfer. Moreover, money which required days to travel between two countries before, these days can show up on the seller’s account within minutes.

However, the smallest businesses and private persons often do not accept card payments; users must use other means to send their funds to them. Many different transfer operators function on the financial market and new ones join the business frequently. A few entrenched services remain ever popular.

PayPal service

PayPal is one of the oldest payment services on the market and functions in multiple countries. This operator enables people to send money to other users while treating their email address as an account number. Transfers between individuals are free. To send money to a business or its customer, one has to pay a small fee. While PayPal remains very popular, its online wallet allows users to make transfers in just one currency; the operator makes most of his profit on exchange costs.

Alternatives to PayPal

That’s where the competitors enter the game. Many operators let their users send money in different currencies, therefore cutting down their costs. Some of them offer faster service or lower fees, while others brag about better safety measures, such as double verification or ID checks.

Not all operators function in all countries. The operation costs significantly differ between various areas of the world as well. Therefore users should research different means of international money transfers before committing to a particular operator. Skrill, Payza, Google Wallet and Payoneer are just a few of alternative service providers.

People who need to send money abroad should research various options before committing themselves to a particular service provider. Classic international bank transfers are usually the slowest and most expensive of all. People who don’t use SEPA system to send euro between countries in EU should investigate alternative methods of money transfer.

As different providers offer different fees, speed, and security for users from different countries, it’s best to compare their terms and conditions before selecting the best alternative. The right service can help its customers to save a lot of money in the long run, due to lower fees and better currency exchange conditions.

Safe online payments – how to avoid getting scammed

Online transactions become increasingly popular because they are fast and easy. Convenient access to an internet banking, various e-wallets, smartphone apps and digital currencies leads to many people becoming enthusiastic users of new technologies. Unfortunately, during the race to be always relevant geeks forget about basic safety rules, risking their funds. It’s possible to protect online assets from scammers while following a few simple tips.

Safe internet access

People, who like to shop online, often use any random wireless net available. This is dangerous because hackers can steal data from unsecured connections. Unknown hotspots are perfect for casual browsing, but users who want to login to their bank account or mail should use only secure connections. It’s best to avoid bank apps and email while using public computers. If someone has to check account on the alien device, it’s best to log out immediately after internet banking.

Safe computer and phone

Even the best safety measures won’t help if the software on the PC or smartphone malfunctions. Numerous malicious programs can not only destroy data but also steal it from a hard disk. Keyloggers, screen capture software, and compromised internet connection help scammers steal logins and passwords from victim’s computer. Therefore, users need to be careful when clicking attachments and links in their email messages. For best results, one should activate a quality antivirus program and frequently scan their device with it.

Safe browsing habits

By now everyone has heard about phishing scam, but it’s easy to forget about it and click the link in a message or fake search result from Google. To avoid mistaking fraudulent website for the genuine one access sites only from bookmarks or type web address manually. Pay attention to the closed padlock sign before the address line and never enter any information if it’s opened or gone.

Remember to log out from your computer or phone after using it for financial operations or email management. When sending money online try to use double verification, so that account would remain safe even if hackers compromised the password. It’s best to change your passcode from time to time, using a random sequence of letters and numbers.

Every day millions of people use their computers and smartphones to process money payments, check their email, and visit social media accounts. Unfortunately, many of them are quite careless. People log into their bank accounts from public computers using unknown internet providers. Most net users can’t recognize fake phishing sites and see no problem in clicking random links and attachments in their emails. While passwords should be made difficult to crack, most of them are invented to be easy to remember.

However, users who remember basic safety rules can handle their money online without fear. A bit of caution and a good antivirus software can protect internauts from identity theft, phishing attempts, hacking, and scams. What can you do to make your browsing safer?

Online wallets – advantages of modern payment systems

A few years ago people had to visit banks or write a cheque when they wanted to send money to their friends, contractors or suppliers. Nowadays just a few clicks of a mouse or taps on a smartphone screen suffice. There are many online payment systems, and most of them involve an e-wallet. This solution becomes increasingly popular as its users appreciate all the benefits connected to an online processing of payments.

Perks of online wallets for sellers

Merchants who use a form of online wallets and payment processors can save significant funds at the point of sale. While previously they had to hire multiple cashiers, now just a few workers suffice. Customers who don’t have to wait in lines and can close a transaction quickly purchase more goods at once and return to these sellers more frequently than before.

Online businesses always try to minimize the rate of a cart abandonment. The easier and faster customers can close the transactions, the less chance they have to change their mind in the middle of the process. Therefore, any step at streamlining the process improves the conversion rate and leads directly to better revenue for merchants.

Sellers using these advanced techniques can advertise their shops as modern, customer-oriented outlets, therefore attracting droves of hungry buyers. Additionally, clients like to have a choice during the selection of a payment method. Sellers who combine new technical solutions with targeted marketing methods can improve bottom lines while becoming increasingly popular among young shoppers.

Advantages of e-wallets for customers

Many people prefer cashless transactions, as they dislike carrying money on hand. The convenience and speed of web payment apps encourage them to try new technologies. Why wait in the queue, when they can pay with a few taps on the screen? As the transaction take less time than before, people can finish their shopping faster and run errands more frequently.

Customers who take advantage of the online wallet technology to pay for their purchases like to show off when using modern technical solutions in public. This subjective feeling can lead to a subconscious connection between a particular seller and a buyer’s good mood, making shopping even more enjoyable activity. Anyone can feel like a geek when using and online wallet.

E-wallet apps enable users to limit an amount of money which they can spend at once. Moreover, people can log details of every purchase. These simple functions help users maintain control over their finances so that they can save and spend more efficiently. The best apps even offer detailed graphs and statistics of the spending patterns.

Various online wallet solutions increase in popularity as an internet access becomes available non-stop thanks to the smartphones. Customers like the choice and convenience of online e-wallets. Merchants enjoy improved conversion rates and decreased demand for low-level workforce. The marketplace is thriving due to these new financial solutions, as shopping becomes ever easier and faster.

Transactions with QR codes – easy and quick method of payment

Various methods of smartphone payments become increasingly popular. People usually use mobile apps when they buy services or purchase items at any internet shop. However, it’s possible to use mobile payment methods when shopping in brick and mortar store as well. There are a few technologies which make it possible. The best-known one involves a use of QR codes, which store the price and other data about purchased items.

What are QR codes


QR code is a picture containing a set of data, usually consisting of multiple black dots. The hidden information can vary from a web address of a provider to technical specifications or prices of any given products. Users who have smartphones on hand can use them to scan and process that data with the help of a camera and an app. This technology enables them to pay for goods with their phones.

How to buy an item with QR code scanner and an app?

Customers who want to take advantage of this modern technology have to install a smartphone app, which can read QR codes and process mobile payments. These solutions involve an online wallet or a credit card. Typically the merchant provides his software for processing of sales.

The person, who walks around the brick and mortar shop notices an item and wants to purchase it. First, that user has to scan a QR code attached to his purchase with a phone camera. Then, his smartphone decodes the image and sends necessary data to the payment processing app. Finally, the customer verifies the data and confirms this transaction. His payment immediately goes through. The seller then receives confirmation and parts with the sold item. Of course, a user can scan a few goods and pay for them at once.

Advantages of shopping with QR code app

Any customer using his smartphone as a payment processor doesn’t have to carry any cash around, decreasing the risk of money theft. As he can set a limit of money spent on a one-time purchase, it’s easier to control his expenses as well. The purchase logs in an app can be quite informative, too.

Young shoppers who are very conscious of their image like to show off while using any modern technology. People who can’t afford the best smartphones can get bonus esteem points among their peers from applying new technological solutions and proficiently using cool apps.

Finally, markets which implement this edge-cutting technology like to promote QR code sale, rewarding their customers with promotions and discounts tied to loyalty programs. A slick advertising campaign can lead to increased profits while broadening the customer base.

People who enjoy shopping and using their smartphones for everyday activities appreciate an opportunity to use cool apps in markets, taking advantages of online payment benefits. Merchants who implement QR code sales can both simplify the checkout process and attract young customers to their brick and mortar outlets.

How to process bank payments with your smartphone

As smartphones become increasingly popular nowadays, people find new ways to use them in their everyday activities. Users who wish to send or receive money can take advantage of numerous apps catering to their needs. While applications such as PayPal remain ever popular, modern users can send money between their bank accounts with smartphones as well.

Banking apps enable users to manage bank accounts on smartphones

While most of the official bank websites cater to the mobile traffic, many banks offer specific apps to their customers as well. Thanks to the modern software, users can check the balance of their accounts, send and receive money transfers, manage saving accounts, and discover online promotions. People can find official apps and plugins on the home website of their bank.

To attract new customers and popularize web banking apps many banks offer beneficial conditions to people who use smartphones. A few banks invite their users to set up a promotional saving account during random times of the day. Other companies send a percentage of transferred funds to a chosen charity – for free. Customers, who like to hunt for bargains, can find many deals on their iPhones and Android devices.

Safe banking with smartphone apps

Banks dedicate a lot of research and testing to make sure, that official banking apps remain safe for their customers. However, users must remember to download these apps directly from bank websites.

While people can find many useful financial apps in the repositories, unfortunately, fake apps wait for unwary users as well. These
scammy programs work just like phishing websites, stealing logins and passwords from mobile users.

To remain safe, consumers should keep a few simple tips in mind. It’s best to opt for a method of double verification of outgoing money transfers so that accounts would be safe even in the case of a data breach.

People who chose to receive an SMS message when money leaves their account will be able to spot any suspicious actions immediately. A quick intervention can save their funds and put a stop to scamming attempts. Whenever in doubt, a customer should contact his bank as soon as possible to report unusual activity on his account.

Customers who have downloaded banking apps to their smartphones should remember to protect their devices with passwords. This simple solution can prevent opportunistic scammers from interfering with an idle phone. Remember – better safe than sorry.

While most computer viruses operate on classic desktop software, smartphones aren’t completely immune to a nasty code. Malicious developers have designed dangerous apps, which can steal personal data or damage other programs. That’s why cautious users install a mobile antivirus app on their phones.

While it’s possible to practice online banking through web applications, many people prefer to make use of smartphone apps instead. As long as they keep a few simple precautions in mind, that’s a safe and convenient method of accepting and sending bank money transfers.