5 Types of Digital Transactions that Must Be Known

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 5 Types of Digital Transactions that Must Be Known

Payment Methods that Businesses must know

List of Digital Transactions that Buyers and Sellers must know about


 

      There are various types of Payment in this world, there are still many people who use the Cash Payment Method even though technology is advanced. Some people choose Cash because they feel safer and feel comfortable if they hold and pay money right away. Likewise, many sellers only accept cash payments, the reason is because they do not understand digital transactions. So it can be concluded that many people have not switched to Digital Payments because they are afraid and do not understand. It is for that reason that AbbLoh Story wants to discuss Digital Payments in detail from the start.

 

      Digital Payments was initially a little confusing and worrying because we didn’t see the money used to pay. Transactions are carried out without any real payment such as cash. Even so, Digital Payment is very safe on the condition that the person using it understands and understands. Because if there are parties who do not understand, the Transaction will not run smoothly because you are worried, therefore, study and know before deciding to use Digital Payment.

 

Until now, Digital Payment has been very developed and continues to progress. There are several Digital Payment Methods that many people have used, most people use Banks as a tool to get a Digital Payment Account. Because the Bank provides the easiest way and is able to convince users that Digital Transactions are easy. Let’s discuss from the start about Digital Transactions,

1. Debit / Credit Card

      You need to know that the ATM (Debit / Credit) Card is a digital transaction that replaces cash. We no longer need to carry large amounts of money because everything is stored in the bank. Later the bank will provide a card that can be used as a payment method or cash withdrawal at an ATM machine. This digital payment is still popular and widely used in the world because it is easy to understand even by old people. If the buyer is enough to use the card for payment, if the seller is enough to provide the account number to receive payment. This method is very safe and much preferred for various payment transactions.

 


2. Mobile / Internet Banking

      If previously used the card as a transaction, then if this can be used via a cellphone or smartphone. The bank provides this feature to its customers, the goal is of course to provide convenience and speed in transactions. With Mobile Banking or Internet Banking, no Card is required. If the card can be used if there is an EDC or ATM machine, it is different from this transaction. With Mobile / Internet Banking you can make Transfer Transactions, Pay Phone / Internet / Electricity, Check Balances, Mutation of Money in and out, even Blocking a lost Debit / Credit Card. You can access it without having to leave the house, just using a Smartphone or Tablet.

 


3. Bank Online

     Have you ever heard of a bank that only exists on the internet or online? It sounds strange because we don’t need to go to the bank as usual, registration can be done from afar and even from different countries. In addition, customers are not given an ATM card, only given account access in the form of Username, Password, PIN for Transactions. It really exists to even be one of the best and very secure Payment Methods. Online banks include Paypal, Payoneer, Payza, you can register for free and get an account that can be used to make payments, transfers, send and receive money, or just save.

 


4. Digital Wallet

    It is called a digital wallet because it can store money and make cashless transactions. You just need to create an account (Register) then connect it with a Debit / Credit Card, top up your Digital Wallet balance. Once filled, the balance can be used for payments, buying goods, paying for services, and even making transfers. Most Digital Wallets require a Debit or Credit Card to top up the balance. Several Digital Wallets such as Paypal, Amazon Pay, Google Wallet, Skrill, Neteller, and many others.

 


5. Digital Money/Money Online

    A little strange but there are, not dollars, pounds sterling, or euros but Digital money. Even this money is formless, but in Online this money is valid and even now applies in all countries. For example Bitcoin money, the beginning of which many people were not interested because they were afraid of its security. But now everyone is looking for it and is interested in having it. Can you check how many dollars for 1 Bitcoin ($)? And Bitcoin is legal money and can be used as a payment method. Even now, many Online Sellers accept Bitcoin payments. Not only Bitcoin because now there are many other digital currencies which are called Cryptocurrencies.

 

    Those are some Digital Payment Methods, which one have you used? I’m sure everyone has done Digital Transactions, especially using Debit or Credit Cards.

 

 

“Thank you for reading, as an editor I apologize if there is a class of writing, spelling, or mention. My only hope is to provide useful information for all of you.” Story AbbLoh

 

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