Payment methods have certainly evolved throughout history. The fact that something can be paid for with the swipe of a card is truly amazing. Today, however, there is an online market to attract. Payment methods like Paypal have flourished on the web. So much so, that online retailers are now almost required to have some kind of online payment method on their website. Even a pizza can now be purchased through online payment and delivered to your home, just moments after!

Safety is one of the main issues of these online payment methods. Many consumers fear their information will be stolen, if posted on a website without a secure method of payment (such as Paypal). This can be a huge issue for online retail companies. A consumer may be too frightened to purchase a product, which can lead to a loss of potential revenue.

With the growth of the online market, I feel it is essential to give all consumers a sense of safety by adding a secure online payment, such as Paypal. eBay, the owner of this secure online method, seems to be thriving as one of the internet’s most visited websites. Perhaps Paypal is one of the reasons why eBay is so successful. Only time will tell just how much more success Paypal will achieve.

Is it worth paying a fee to give consumers the option of paying through Paypal? Do you feel safer inputting your information on websites that use Paypal? Do you feel the future is bright for online payment methods like Paypal?

What is your perspective?