In a fast-paced world, businesses are trying to find new and innovative ways to pay for products and services. Whereas in the past, cash used to be king, that could cease to exist soon.

You only have to look at say banks for example, and in some parts of the world, they are closing down branches to push people more towards online banking.

However, with things taking more of a digital turn, businesses have had to wise up to an array of new payment methods, so that they can run their operations more efficiently.

Of the top payment platforms, PayPal is a great place to start. Trusted by millions of companies worldwide. It has global reach, and as it accepts payments in more than 25 currencies, it is also arguably one of the most versatile providers out there.

Similarly, Worldpay is quickly establishing itself as a recognisable place for firms to use to accept online payments. Worldplay is also practical and it has some useful online reporting tools, such as card sales, invoices and settlements, so you can crunch the most important numbers.

Perhaps we shouldn’t overlook Opayo (formerly known as Sage pay), as they are known for providing quick payouts and while they aren’t as big as PayPal, they are starting to make an impact.

And Square, for example, is also making strides as a place to carry out online payments and it is partnered up with a few easy-to-use websites that can make it easy to put your business online and start buying or selling.

While retail and manufacturing businesses have explored other ways to manage the payment side of things, other companies, such as betting sites, also have a duty to their customers to provide a secure payment platform for players to make payments online. Many of the top sportsbooks accept credit and debit cards, but others have become more wide-ranging in terms of available banking options.

At many of the top online cricket betting sites, such as Parimatch, you can use a debit, credit card, or even PayPal to make deposits into your account. You will also be able to use the same payment methods for withdrawals and requests will be processed quickly, so you can get on with wagering online. Also, some of the above payment methods may have specific bonuses attached, but you will have to be aware of any card fees passed on for using your preferred payment method.

So, while businesses have had to adapt to meet the demands of customers, if they can have a secure and reliable payment provider in place, then they will be able to retain the loyalty of their customers in the long term. We are excited to see which payment providers evolve in the coming years.