Cybersecurity: The Most Secure Digital Payment Solutions for Businesses in 2019
Whether you work for a Fortune 500 company or are a lone freelancer, payment security should be at the top of your priorities list. Hackers stole a staggering $400 billion from companies last year, often exploiting their insufficient or outdated digital payment infrastructures to do so. However, you don’t need to hire a team of cybersecurity experts in order to have peace of mind. You can secure your paycheck and your outgoings just by using the right online payment solutions. Here are the most secure platforms you should be using in 2019.
This one is by far the most used solution on the internet, processing millions of dollars every single day. The list of companies that use this service as their primary gateway is staggering and includes, Amazon, Barnes & Noble, Disney, Etsy, and American Airlines, to name a select few. Their two-factor authentification and airtight encryption system have allowed PayPal to cultivate a reputation as one of the most trusted vendors in the industry, which is no mean feat in an increasingly crowded field.
Skrill is emerging as PayPal’s primary competitor thanks to its ability to process small fees for no cost and the fact that it now operates in 40 countries. This is the primary solution of choice for online platforms that process and give out large numbers of payments on a daily basis, such as online sports betting platforms like NetBet, which promise their customer base complete security when they’re wagering on all of the latest football, basketball, and soccer games. Skrill is definitely one to watch.
Going strong since 1996, Authorize.Net has built a strong reputation as a stable and sturdy partner for a wide variety of small to medium-sized businesses. Longtime e-commerce platforms such as X-Cart and Magento are among the 400,000 merchants that use the platform, thanks in part to their strong commitment to data privacy and security that few other solutions can compete with. This is the one to use if you’re looking for a straightforward, reliable service.
Stripe takes a holistic approach to security, tailoring its system to the exact needs of whichever individual or business entity wishes to use it. If you’re running a subscription-based company, for example, then you will have access to Stripe’s tailored security infrastructure for subscription-based transactions. They have something to offer everybody, and their customer service is one of the most highly-regarded in the business. What’s more, Stripe offers zero monthly fees to all of its users, something which should help sweeten the deal if you’re considering choosing them.
If you’re hoping to break into the Asian marketplace with your business, you’ll need AliPay as a prerequisite, as they enjoy near-total market dominance over the region. Fortunately, you won’t have to compromise on your security needs when you do so. The gargantuan size of the company means that they are able to fund one of the largest cybersecurity teams of any private company in the world, whilst also providing full protection for any lost payments.
With hackers getting more sophisticated with each passing day, you can’t afford to be complacent. Consider these security solutions today and reduce unnecessary risks.
image credit: Trusty Joe