Contactless payment is among the most preferred payment methods lately. We use many payment methods at every point of our lives. People usually make purchases in physical use or cash when shopping. However, thanks to the developing technology, the e-commerce system has been included in our lives.
For this reason, individuals benefit from digital payment systems when ordering food, renting a taxi, buying clothes or all services. Contactless payment methods are used in some of these systems.
For you, we will examine the types of transactions made without contact, its definition and how it is used. In this way, it is possible to determine how you should use technology during shopping.
You can have an idea by browsing our review to get practicality and convenience during digital shopping. Our analyses of Jetonbank, one of the banks that can help you with this, will give you an idea.
What is Contactless Payment?
Contactless payment systems, as the name suggests, is a payment made without contact. They are payment types made online without contact with tools such as debit cards, credit cards, virtual cards. It is also known as payments that can be made by various digital wallets.
Therefore, there are many different types or options.
When making transactions, you need to choose experienced and popular banks. Jetonbank is one of the banks that attract attention with its experience.
Contactless payment technology makes identification thanks to radio frequencies. At the same time, near field communications called NFC are used according to the situation. It is widely preferred because it is much more practical and convenient than traditional payment types.
We come across QR payment, digital wallets, cryptocurrencies and many other types that come to mind. It is very effective in international trade because it is used when shopping from different countries.
What is Contactless and How Does it Work?
Contactless payment systems are a type of payment made without contact, as can be seen from the name. They are payment methods that offer convenience thanks to the development of digital platforms and technology.
It offers the opportunity to make payments from different places without physical contact. You can get what you want from another country in the world or call a taxi from a distant place and order a meal. It is possible to create easy use by completing all the transactions you wish with the privileges offered by the digital environment.
For these transactions, you can make quality transactions by choosing the Jetonbank company specialised in its field.
What is an Example of a Touchless Transaction?
Let’s give an example about a contactless payment system. Let an individual living in Turkey buy clothes from China-based Alibaba express company. It will complete the order by making the payment without contact during shopping.
Likewise, people who shop from companies such as Amazon and Shopify complete the order by providing remote contactless use.
To give a simpler example, a person sitting at home and hungry can order food in a contactless way through the application. If the cards you use for shopping belong to quality companies such as Jetonbank, there will be no disruption in the process.
Is Contactless Payments Safe?
It is a matter of curiosity whether it is as reliable as the question of what is contactless payment. Although there is no contact, the methods work very reliably. The process is not completed without certain approvals of the recipient during the transactions.
Sometimes there is digital security such as message confirmation, sometimes voice confirmation or entry to a certain wallet. In addition, there are certain technological firewalls when shopping in the digital environment.
Therefore, no problems occur during shopping.
However, you should pay attention to the bank you work with and the company you shop with. If the site or platform you are shopping on is fraudulent, you may suffer financially. If you shop from quality platforms, there will never be a bank-related problem.
Contactless payment systems have 3D Security systems in themselves. Due to the special security systems offered by banks, your information is shared only with you and payment is made.
Due to the technology that is highly advanced in digital security, smooth and contactless purchases can be made. However, it is necessary to have tools such as cards or virtual cards with international shopping permits.
Whichever payment type you will use, permissions must be given from the application or the necessary settings. It is easy to shop without contact by opening the settings from the digital bank application or site. If problems arise, you can call the bank and ask for contactless to be activated.
What are the Most Used Contactless Payment Methods?
Online payment methods are available in many different options and categories. The same applies to contactless payment methods.
Due to the availability of different payments, people are offered different uses. The development and practicality of technology has created diversity.
These diversities provide convenience to customers and allow fast shopping. In addition, it will be seen that it offers reliability and practicality apart from fast shopping.
Contactless payment types are categorised according to the platforms used and paid. Some of these payment types are as follows;
- Payment with mobile wallets: This method covers contactless transactions made with mobile wallets. Generally, payment is provided with a digital wallet logged in from a computer or smartphone. Applications downloaded to the phone are used when logging in to wallet types available as applications. It is possible to find wallet applications in Google Play Store or Apple Store for iPhone users.
- Payment with cryptocurrencies: With the development of technology, many types of cryptocurrencies have emerged. Contactless payment can be made with digital currencies such as Bitocion, Litecoin, Soluna, Dogecoin, Ethereum.
- Credit card and debit card: Credit cards are one of the most widely used forms of payment. Entering the numbers and expiry date written on the card will be sufficient for payment. Likewise, the three-digit CVC code on the back of the card must be entered. After this information is entered, the process is completed with the password coming to the message confirmation. However, not all bank credit cards are open to overseas shopping. It is generally seen that cards with MasterCard usage allow global use in digital purchases. If it is not open for shopping, you can activate your card with the help of your bank.
- Mobile banking transactions: There are many methods in mobile digital banking transactions. Thanks to transactions such as QR code and UPI, contactless payment technology is used.
- Virtual card payment: It is a method that acts similar to a credit card. However, the only difference is the card produced in the bank application that is not physically available to individuals. It will be seen frequently that people who do not want to enter physical card information use virtual cards.
- Digital platforms: Some digital applications and platforms allow transactions without contact.
- Telephone line and mobile payment: This payment method is not available in all countries. In some countries, non-contact shopping will be seen by adding to the bill.
- Voucher, code, digital card and password payments: On various platforms, payments can be made with vouchers and scratch cards. However, you will need to obtain such coupons, vouchers and passwords from other intermediary sites. For example, let’s imagine that you receive a voucher or a special gift balance by paying from a site. It is possible to buy from sites compatible with this coupon without contact.
What is the Safest Method for Contactless Payment?
The question of which is the most reliable transaction as well as the question of what is contactless payment is also very curious. Generally, it would be correct to say that all methods made with cards and wallets are reliable.
However, the important thing is that the bank you use is reliable. For this reason, if you prefer top companies such as Jetonbank, there will be no problems.
Likewise, the security of the site and platform where the purchase is made is important. If you think the platform is insecure after the purchase is made, contact your bank immediately and report the situation.
