How to Go Shopping Online Without Credit Card
In our age of IT boom and global connectivity, online shopping has established itself as a fast, secure and convenient way to buy virtually everything one may need - from cars and motor vehicles through cool electronic gadgets, to groceries and everyday stuff. Since the boom of e-commerce in the late 1990s, credit cards are considered the ultimate and most accepted payment tool when it comes to online shopping. However, there are persons who, for one reason or other, still donít have one but want to experience the advantages of shopping online without credit card. Here are some other payment methods which are also accepted by online merchants.
Pre-paid credit card
It is relatively easy to get a prepaid credit card and load it with a certain amount of money that covers your desired online purchase plus the possible shipping costs. You will deposit money into the account as you do when you open a checking account. Once the money is deposited, the banking institution will issue a credit card to be used anywhere around the globe. One of the major advantages of prepaid credit cards is that they automatically protect you from reckless spending sprees. You donít incur any debt and only spend the money you deposited. Therefore, there are no interest charges and bills to pay. However, some credit card issuers do not allow their cards to be used online, so make sure that this is not the case with your credit card company.
Pros of e-checks
E-checks are another great payment tool for those who want to go shopping without credit card. The e-check is a type of payment in an electronic format that is made via the Internet. It has a larger number of security features and is processed in fewer steps compared to the conventional paper check. Among the security features that come with electronic checks are digital encryption and signature, public key cryptography, and authentication. Furthermore, e-checks work much like standard paper checks, only that you have to type in the name of your bank, your account number and, donít forget it, your routing number. Please note that the merchant may need about two weeks or so to process your order when paying with an electronic check.
Checks and money orders
If you are a brick-and-mortar person, and you do not trust all these security certificates, you can still shop online without a credit card. You can pay your online purchase by posting a check or a money order to the seller. This payment method is accepted by most companies selling their products online, on condition that your product will be mailed only after the check or the money order is received and verified. Be on the alert, however, if an online merchant accepts only checks and money orders. Trusted e-commerce businesses accept other forms of payment while the most secure way to shop online is by credit card.
Alternatively, you may set up an electronic portfolio with Paypal, Moneybookers or another e-commerce business and shop online without credit card. The portfolio functions much like a prepaid credit card, the only difference being that you can use the Paypal account by transferring funds directly from your checking account online. Note that you may need to contact your bank and ask them to activate an online banking service for your account. Electronic portfolios are considered among the most secure payment instruments for online purchases. Their popularity is growing every day, and you can safely use them to go shopping without credit card.