In the last decade or so, technology has evolved to a huge extent. You can genuinely see the development and advancement simply by looking at the plethora of modern payment methods that are being offered to customers these days. Since the emergence of PayPal at the turn of the century, there have been considerable improvements in new software that has led to the introduction of increasingly flexible and convenient payment solutions that are accessible online or through mobile devices and tablet computers. There is now a rising number of businesses and companies that are accepting electronic and mobile payment methods in order to make shopping easier for their clientele.
Some of the top modern payment solutions you can find these days are discussed here:
1. Apple Pay
Apple Inc. introduced its own payment solution in the form of Apple Pay that enables iOS users to redeem vouchers, make purchases and complete contactless transactions by using their Apple devices alone. In conjunction with the digital payment technology of MasterCard, Apple has come up with an intuitive and secure payment method that can offer an immensely convenient user experience.
No list of popular payment solutions would be complete without the mention of the controversial yet widely used Bitcoin currency. Even though it has endured various cycles of bust and boom, the innovative currency has now become a part of the mainstream and has turned out to be a major element of the financial landscape in different parts of the world. In fact, Bitcoin has even been touted as the currency of the future and is also used online. It has the potential of reducing the existing structure of banks by millions.
3. iPad POS
Do you remember the traditional point of sale (POS)? You walk up to the cash register for making the payment. The retailer will typically have a barcode scanner or some other hardware for giving you an invoice and receipt once payment is made. These days, such traditional technology has been replaced by new hardware and software. Now, iPad POS makes use of an iPad for offering you a more streamlined and inventive method of making payments. No employees have to be tied to the cash register and you can provide your customer with a better experience.
This payment service provided businesses the golden opportunity of moving their operations online and reaping the rewards. PayPal has become a favorite of companies and customers due to the security and convenience it offers to both parties. When you are shopping online, it is natural to worry about entering your confidential information because it can be stolen. This is where PayPal provides you with a safer alternative. Your details are stored in the PayPal account so you don’t have to enter your bank details anywhere. You can easily find a mobile app that allows you to set up an account and send and receive payments with minimal fuss.
These are some of the most inventive and innovative payment solutions that can be used by businesses nowadays.