Spending money online can be nerve-wracking, especially when making big purchases or using a new site. But a good online payment service will reduce the risk and make buying easy.
One of the largest and most widely known online payment services, PayPal is owned by eBay, so it's no surprise that its focus is on making buying as quick, safe and cost free as possible.
The system is a simple one. Users register with PayPal, provide bank and/or credit card details, proof of identity and address, and then your username or email address and password become the only things you need to make purchases online. That means the need to share bank details with additional third parties is gone.
PayPal also allows users to receive funds from other PayPal users, simply by passing their email address or user name to the payer. However, payment transfers using a credit card are subject to a 3.4% + 20p fee. Cross-border and cross-currency transfers are also subject to fees.
In terms of security, PayPal offers significant support to users, including Buyer Protection that promises to reimburse users for the full amount, including postage, of any purchase that does not arrive or fails to match a seller's description.
Like PayPal, NETELLER is long-established. Since 1999 NETELLER has been providing similar ease of use and unified e-wallet services to their eBay owned rivals. It's not as widely accepted as PayPal, but NETELLER trumps its rival in transfers. Unlike PayPal, NETELLER makes no charge to senders or receivers when money is being transferred - they simply add on a 2.95% foreign exchange fee when a currency conversion is required. So it's great for settling debts and repaying friends.
NETELLER customer rewards also lets users earn cash and prizes with their loyalty scheme. For every pound transferred in or out, users collect a reward point. These can then be redeemed for electronics, gift cards or cash.