With the right technology, your eCommerce site can offer a checkout experience that is both smooth and secure to offer you and your users’ peace of mind. Here are some recent trends that make this possible.
We’ll start out with the one you’ve probably already heard of. Digital wallet technology has rapidly gained popularity in recent years, and this growth is expected to continue, with mobile payments expected to maintain a compound annual growth rate of 26.93% from 2020 to 2025.
Common examples of digital wallets include PayPal, Apple Pay, Google Pay, and AliPay. And some sites are even going a step further by accepting cryptocurrencies like Bitcoin. Even if you’re not ready to get on the crypto bandwagon yet, if your site is not already accepting so-called “one-click” digital wallet payments, it is probably hurting your UX.
Digital wallets have multiple benefits for users and businesses. On the fantuan database customer side, they are very convenient because they allow customers to complete transactions without carrying cash or inputting credit card information. What’s more, most people tend to think of them as a safe payment solution.
For the business owner, it’s important to recognize why they are secure. Digital wallet payments protect personal and financial account information, and most use two-factor authentication, making them more secure than, say, a credit card payment. Transactions are encrypted and virtualized, making it harder to steal money or information.
According to security expert Ludovic Rembert of Privacy Canada, look for Virtual Private Networks (VPNs) that come with double data protection to provide an extra step for protecting data online.
“This means that the service will relay your data through two servers to encrypt it twice before it reaches whatever you’re trying to access,” says Rembert. “An extra step that makes sure your information is as secure as possible is always a good thing.