Social media has really changed the way we live our lives. It allows us to enjoy the convenient and instant communication, sharing important moments in our lives with family and friends, and keep track of what is happening in different parts of the world. Now, social media also provides us with new ways to conduct financial transactions, too.
The concept of facilitation of payments through social media are not new, and various software applications and offering these services have been attracting the attention of Internet users in 09 . It is only in recent years, however, that social media payments began to catch on among users - in particular the Millennium demographics - and are expected to grow more and more popular in the coming years.
Today, a large number of payment services using the structure and the popularity of social media to allow users to conduct transactions without leaving their social media pages. Facebook, for example, has a feature in its Messenger application allows users to send money to their friends, which can be done simply by entering the "$" sign, then typing in the amount the user wants to send.
Twitter and Pinterest also have their own social media transaction capabilities in the form of purchase buttons that allow users to sell products or services while browsing through their diet in social media.
Another example of this is Venmo, which was launched in 09 and acquired by PayPal in 2013. Venmo allows users to instantly send money to other users and even lets others know that a user has made a transaction and that the transaction was for.
Snapchat also joined the fray in 2014 with the launch of Snapcash allowing Snapchat to instantly transfer money to their users and to pay for items directly to online traders are Snapcash as one of their payment channels.
pros and cons of social media payments
Use of Social Media for payments provides many benefits. With payments of social media, users are able to conduct transactions quickly and easily because the process is instantaneous and only takes a few clicks. Moreover, social payments can be made at anytime and anywhere as long as there is an Internet connection.
But this trend is not without drawbacks. Social Media Payments are made on the Internet, which is plagued by fraud and scams, and you may be victim of these when paying through social media. In addition, since the transactions are done online, your sensitive information (such as credit card numbers and passwords) are at risk of being compromised because of the presence of spyware and hackers.
But do not worry. There are lots of ways you can protect yourself against these malicious individuals when paying through social media, and one of them is by installing a virtual private network to your device. VPNs are a great way to keep your protected transactions, and can be installed at virtually no cost.
Hotspot Shield can protect you
Hotspot Shield is free VPN that protects you malicious individuals when conducting online activities including social media payments. This download application protect you by allowing you to browse online anonymous , hide your information from malicious individuals and ensure that your privacy is protected during your online sessions.
Activating Hotspot Shield when connecting to the Internet protects your sensitive data such as passwords and credit card transactions by providing a secure, encrypted tunnel for your data . In addition, when you connect to the Internet via public hotspots, Hotspot Shield, your data and your device from other users on the same network protection.
Hotspot Shield also has other features that can provide you a better browsing experience, as its release function, which allows you to bypass the restrictions of the network administrator; access to content US-locked by giving you a US IP address; and protection against malware attacks, which could also compromise your security and privacy.
With anonymous browsing, a secure, encrypted connection, and Wi-Fi security, among other benefits, Hotspot Shield on your installation device means that you will not have to worry about your online transactions are compromised. Best of all, it's free!
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