17 Nov

All The Ways to Accept Online Payments in 2022

Last Updated on November 18, 2021 by Ruchir Shastri

The digital era is evolving – the same goes for services offered online as well. Today everything is in tough competition between companies: the way in which they offer their services, the type of payments they accept to promote their services/products, the way in which those services/products are accepted by people has become a challenge because the type of payments that companies accept has an impact on customer behavior. However, this evolution has shown us the diversity of online payment methods that exist so far. Let’s dive into the most popular and trending ways to accept payments in 2022.

Online payments

Credit Card Tokenization

Credit card tokenization that already exists is becoming more and more popular today. This works the way that instead of providing all card information to whoever the services or products are purchased from, you’re offering a token number that will replace the full card details so that people do not have to deal with the protection issues of any sensitive information. The use of credit cards for online purchases is very common, so, tokenization is an equivalent way the only difference is that this works by using a token number which is a number that will replace the card details, making it more secure. So this online payment method will not go out of the trend soon: it also allows you to set up automatic charges on credit cards depending on the recurrence of time that your clients choose.

Payment Gateways and Recurring Charges

This is an extremely popular method. There are a bunch of options for payment gateways, however, one of the most popular which is used worldwide is PayPal since this is a payment gateway that allows saving credits card information securely. As the years go by, this payment method has earned the trust of people in almost any country around the Globe. So, you may be asking, why credit card tokenization and payment gateways, and recurring charges are in a separate description? This is because the option of making payments directly with a credit card will be still the way it is right now, the only difference is that the service provider will send a token instead of the full CC details. On the other hand, a payment gateway stores the information of your credit card as is, though sends and receives payments on the virtual wallet by default.

Cryptocurrency Wallets

Cryptocurrency wallets

Undoubtedly this is where we are migrating to: this is one of the payment methods which is becoming more popular these days. Of course, it is not something that all the companies or most of the companies accept, but as everyone uses it, it will make more and more companies accept crypto.

Despite the diverse ways to make payments online now or in the future, one of the goals that companies do not have to lose is to focus on what will be the best and more secure for their customers. As one thing is that some online payments are becoming more popular, and the other – whether they’re convenient for company clients.

Undoubtedly this is where we are migrating to: this is one of the payment methods which is becoming more popular these days. Of course, it is not something that all the companies or most of the companies accept, but as everyone uses it, it will make more and more companies accept crypto.

Despite the diverse ways to make payments online now or in the future, one of the goals that companies do not have to lose is to focus on what will be the best and more secure for their customers. As one thing is that some online payments are becoming more popular, and the other – whether they’re convenient for company clients.

Softsys Hosting is responsible for offering a secure hosting environment for your business and clients. This means that even though there are many online payment options, Softsys Hosting uses all those that comply with the Payment Card Industry Data Security Standard (PCI DSS), so customers can be sure that their financial data is safe and protected. You can address any concerns you may have to our responsive support experts who are online 24/7 at [email protected] or +1-862 214 2255.