04/29/2024

The Safest Online Payment Methods for eCommerce Merchants

The best products offer a unique mix of ease and safety features

eCommerce merchants are continually faced with keeping their customers and their online transactions safe. One way to do that is to utilize the safest payment options available that offer a unique mix of ease and safety features. These features include encryption, fraud safeguards and two-step verification.

Payment methods that balance the simplicity of shopping online while protecting customers and businesses are the top picks among merchants. In addition to these payment methods, eCommerce merchants can layer in hidden encryption, tokenization, being PCI compliant and regular safety checks to enhance the health of the business.

The Safest Online Payment Methods

Digital wallets, like Apple Pay and Google Pay, are a preferred method among Americans today. One reason that wallets are so safe is that they utilize tokenization. Tokenization offers improved security by essentially taking all the sensitive card information and replacing it with a one-time use “token” that is what is provided during the transaction. Even if a fraudster tries to intercept this payment, they will not be able to as it doesn’t contain personal information and the token expires quickly.

Please select this link to read the complete article from i3 Commerce Technology.